The news from South Korea’s largest crypto exchange Upbit added 53% to Kava and 15% to Waves.
The breaking of the falling trend in BTC became the lifeblood of altcoins. BTC, which has been stable for a while, increased altcoin sales by creating an atmosphere of panic in investors. Kava (KAVA) and Waves (WAVES) drew attention among the rapidly rising atlcoins with BTC testing $ 27,500.
South Korea’s largest crypto exchange, Upbit, announced that South Korean exchanges have removed their investment warnings on KAVA and WAVES in bulk and resumed KAVA and WAVES deposit services. With this event, KAVA, which increased by close to 53 percent, also became the highest rising altcoin of the day. Waves, on the other hand, experienced an increase of close to 15 percent.
Fundamental Analysis Blows Waves and Kava
With the market getting increasingly boring, the increase in sales in altcoins came from Upbit with a solid response. Announcing that it canceled investment warnings on KAVA and WAVES, the crypto exchange directly triggered an increase in these coins. In particular, Kava’s increase of 53 percent in the last 24 hours and 140 percent in the last 2 weeks created an impact in the market.
Investors, who saw the huge increase in these two coins, started to create a discussion on social media. While BTC is so stable, it has been understood again how important the news flow focused on altcoins is.
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