Espresso (ESP) surges 68% in the past 24 hours on news of listings on Upbit and Bithumb
Summary
- Espresso (ESP) was reported to have surged on news of simultaneous listings on major South Korean crypto exchanges.
- After news of listings on Upbit and Bithumb, ESP traded around $0.145 and posted a 68.7% gain over the past 24 hours.
- ESP is a base-layer protocol for Layer 2 rollups, and the ESP cryptoasset is used for staking and for accessing services within the network.
Espresso (ESP) surged on news that it will be listed simultaneously on major South Korean crypto exchanges.
According to BlockBeats, a digital-asset (cryptocurrency) media outlet, ESP has extended its rally on reports of listings on Upbit and Bithumb, trading around $0.145 on the day. Its gain over the past 24 hours stands at 68.7%.
The sharp move appears to have been driven by the dual listing on large domestic exchanges as a catalyst. Earlier, Upbit and Bithumb announced they would list ESP at 17:00 today.
Meanwhile, Espresso is a base-layer protocol for Layer 2 rollups. It supports the creation of rollup state checkpoints through its BFT-based consensus algorithm, “HotShot.” The ESP cryptoasset is used for staking and for accessing services within the network.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
