Today, the price of the KUB coin, popular among Thai investors, fell from a high of 438 baht to 351 baht before slowly rising slightly. Traders across the crypto market started getting anxiety symptoms and sold the coins to avoid massive losses.
The price drop this time comes along with the correction in the world’s leading cryptocurrency Bitcoin, which hit a low of $42,500 today following news of the Federal Reserve’s interest rate hike.
This is the first time that the price of the KUB coin has moved in sync with the crypto market. This was different in previous sessions when the crypto market moved downwards, but the price of the KUB coin moved in the opposite direction. This could be due to the fact that the KUB Coin can now be found on international platforms such as CoinEx.