Bithumb, South Korea’s second largest cryptocurrency exchange, has released a list of protocols (ACX) in the KRW market.
The entire protocol works as a decentralized cross-chain bridge designed for the secure and efficient transfer of digital assets between different blockchain networks.
Can I start trading ACX on Bithumb?
ACX/KRW pair trading is set to kick off at 6pm local time on Saturday, March 22, 2025. The initial price for the ACX is 439 KRW.
Deposits and withdrawals will be effective within two hours of this announcement.
Bithumb, Korea’s second largest cryptocurrency exchange, lists the Protocol (ACX) KRW trading pair. Transactions will open at 6pm local time. The entire protocol has a blockchain interoperability platform. https://t.co/drcjv1ocgr
– WU Blockchain (@wublockchain) March 22, 2025
Bithumb supports ACX tokens only on the Ethereum Network, and deposits from other networks are not accepted. Additionally, deposits and withdrawals are supported only through Bithumb-approved virtual asset exchanges.
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What will be the next move in ACX prices?
ACX has scored an impressive 44% in the last 24 hours and 64% in the last 7 days.
After peaking at $1.74 in December 2024, Altcoin faced a sharp decline. Currently, the price is focused on breaking the $0.50 mark.
ACX prices may continue to rise in the next target range It is estimated to be around $0.71.
Source: CoinMarketCap
If the current positive trend persists, ACX could approach and potentially exceed the $0.80 mark. However, if you are struggling to overcome these major resistance levels, you risk lowering prices.
Current support levels are identified between $0.25 and $0.30. ACX’s relative strength index (RSI) is 77, indicating that it is currently in the purchased area. This suggests that the price may be higher than its intrinsic value and may be paid for corrections soon.
A positive driver at ACX price
Supporting positive drives across the protocol recently announced it has successfully sold a $41 million token. The investment round was led by a paradigm and had significant contributions from other major investors, including Bain Capital Crypto, Coinbase Ventures and Multicoin Capital.
Related: South Korea’s Cryptool Repression: Upbit has been suspended, Bithumb investigation, overseas exchanges face action
These funds are allocated to support further development of the entire protocol, with an emphasis on enhancing blockchain interoperability and decentralized asset transfer.
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