• Bithumb’s DEEP itemizing will enhance liquidity and create new buying and selling alternatives.
• DEEP staking, governance, and price funds enhance the utility of the ecosystem.
• Robust RSI and MACD indicators recommend bullish momentum for DEEP value.

Cryptocurrency alternate Bithumb plans to listing DeepBook Protocol (DEEP), a Sui-based liquidity layer utility token. The token can be out there for buying and selling on the KRW market beginning January 8, 2025 at 3:00 p.m.

That is necessary for each the alternate and the DEEP group, as this itemizing offers new avenues for buying and selling and investing. Bithumb additionally hosts airdrop occasions to advertise buying and selling exercise.

DEEP token utility

DEEP tokens serve a number of functions inside the DeepBook ecosystem, a decentralized platform powered by a central restrict order guide (CLOB). This design permits customers to commerce property at their desired value with out sacrificing decentralization.

DEEP is primarily used for staking, governance, and repair price funds, additional rising its usefulness and attraction. This new itemizing will permit Bithumb customers to commerce DEEP utilizing the Korean Received (KRW) market.

Buying and selling tips and airdrop occasions

Along with the itemizing, Bithumb has set particular tips for DEEP buying and selling. The alternate will initially prohibit purchase orders for the primary 5 minutes after buying and selling begins. As well as, if the worth fluctuates by greater than 10% or 100% from the usual value, promote orders can be restricted for five minutes.

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These limits assist guarantee a easy launch and stop market manipulation. Moreover, Bithumb solely helps deposits and withdrawals by permitted exchanges to adjust to laws such because the Journey Rule.

For traders trying to take part within the DEEP market, there’s an airdrop occasion. You may obtain extra tokens by buying and selling DEEP for 2 consecutive days. This could enhance fluidity and encourage consumer engagement. This occasion demonstrates Bithumb's dedication to constructing a vibrant buying and selling group.

Deep value efficiency and market exercise

In terms of the token’s present market efficiency, DEEP is exhibiting notable exercise. The worth has elevated by 2.04% previously 24 hours and is at the moment buying and selling at $0.1656. Buying and selling volumes have surged by greater than 70%, indicating rising curiosity within the asset.

The worth has fluctuated between $0.160 and $0.175, however seems to be consolidating close to the main resistance stage at $0.170. With sturdy shopping for strain evident in latest efficiency, DEEP is more likely to proceed its upward momentum.

Technical indicators and future outlook

From a technical evaluation perspective, DEEP is exhibiting some promising indicators. The Relative Energy Index (RSI) is at the moment at 67.01, indicating sturdy bullish momentum however approaching the overbought zone. Equally, the Transferring Common Convergence Divergence (MACD) can also be exhibiting an uptrend, additional supporting the bullish sentiment.