The cryptocurrency that grew by more than 200% in a few minutes is named

In recent months, traders from South Korea have had a significant impact on the cryptocurrency market. Many altcoins that appear on the country’s largest exchange, Upbit, have been growing in value. For example, the cryptocurrency Creditcoin (CTC) rose by 222% in a matter of minutes after listing on Upbit.

The asset’s price soared after Upbit’s press service announced yesterday, December 12, that it had added Creditcoin (CTC) to its platform’s functionality. The exchange placed the CreditCoin token in pairs with the Korean won (KRW) and bitcoin. At the time of writing, CTC is trading at $ 0.62, up 17.3% per day, 205.6% per week, and 250.9% per month.

Launched in 2017, the developers of Creditcoin have long focused on the lending business. However, the startup’s management recently decided to change the vector of development. They transformed the product into a real-world asset (RWA) tokenization platform.

As for Upbit, it is one of the most popular cryptocurrency exchanges in South Korea. Customers can exchange cryptocurrencies both in pairs with BTC and ETH and using the South Korean won (KRW).

As a reminder, Avalanche cryptocurrency showed the best growth result last week. The AVAX token managed to enter the top 10 digital assets by market capitalization, and AVAX quotes increased by 85.3% over the past 7 days. Cardano and Solana are also among the top three.