The Bitkub Coin price re-entered the bull market on Monday evening and climbed to a price of 500 baht. The incident occurred after the global exchange platform CoinEx posted a list of coins including KUB on the board and Gate.io posted a list of KUB on the exchange.
CoinEx has posted a statement on its website describing the Bitkub Coin listing, which will allow deposits and trading today at 2 p.m. ET.
However, after CoinEx and Gate.io’s announcement to the public, the price of the KUB token remained above 490 baht, but many analysts were concerned that the price of the coin might fall in line with a sell-off in the cryptocurrency market.
KUB coins investors should therefore be cautious, as coins initially rise before listing on major crypto exchanges and experience a real sell-off after their listing. KUB could therefore experience volatile days.