Summary
- Concrete (CT) rose more than 48% in a short period on news of new trading support from Upbit, briefly topping $0.44.
- CT later gave back part of its gains and traded around $0.39, while its fully diluted valuation (FDV) expanded to about $300 million.
- Upbit said it would add CT to its KRW, BTC and USDT markets and support the Ethereum network, while CT is used for governance and staking.
Concrete (CT) surged after South Korean crypto exchange Upbit announced support for the token.
BlockBeats reported on October 19 that CT jumped more than 48% in a short period after Upbit said it would add the token to its KRW, BTC and USDT markets. The token briefly rose above $0.44.
It later gave back part of those gains and traded around $0.39. Its fully diluted valuation climbed to about $300 million.
Upbit said on October 19 that it would add CT to its KRW, BTC and USDT markets. Trading support is scheduled to begin at 6 p.m. that day, and the supported network is Ethereum.
Concrete is an on-chain asset-management infrastructure project that supports digital-asset strategy design, asset allocation, yield management and risk control. CT is used for governance and staking.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.