A Turkish article discusses the significant price increase of an Ethereum $1,998 -based altcoin , ACX, following its endorsement by Bithumb, the second-largest cryptocurrency platform in South Korea. This endorsement has led to a notable surge in ACX’s market value, demonstrating the substantial influence of such listings on the cryptocurrency markets.
Bithumb Listing Details
Bithumb recently announced its support for ACX’s cross-chain bridge protocol. This announcement resulted in a rapid rise in ACX’s market valuation, with its price increasing by 68% compared to mid-March levels, although it experienced a partial correction afterward. Listings from Asian markets had previously led to even greater price surges, highlighting the unique liquidity dynamics of the region.
Understanding ACX Coin
Information about ACX’s technological infrastructure indicates that it utilizes third-party intermediaries to expedite user transactions. This approach allows users to focus on outcome-oriented requests rather than transaction details.
“Intents utilize relayers, which act as third parties for rapid transaction execution. An intent is a type of order given to achieve the specified outcome. In practice, intents are coded as a combination of cross-chain limit orders and execution actions within a standard order structure.” (Across Protocol)
These developments suggest that varying technological infrastructures are enhancing the usability of cryptocurrency assets. Market participants indicate that this system improves transaction speed and cost efficiency, marking a significant step toward broader accessibility for digital assets.
