JTO Price Prediction Feb 22: Upbit Listing Sparks 28% Price Jump
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- JTO soared 28.80% in the past 24 hours, claiming $3.41.
- The cryptocurrency shot up following Upbit’s JTO listing announcement.
- JTO also reclaimed the 20-day exponential moving average in the past 24 hours.
Jito (JTO), a major liquid staking project on Solana, just jumped 28.80% in the last 24 hours. It’s now trading at $3.41.
This rapid increase happened after South Korean exchange Upbit made an announcement. Upbit confirmed JTO will be listed for trading on their platform. Trading is scheduled to start February 21st at 14:30 KST.
Upbit Listing Ignites 872% Trading Volume Surge
This Upbit listing immediately caused Jito’s trading volume to surge. It has since exploded, rising 872% compared to the previous day; CoinMarketCap data verifies this.
Specifically, Upbit will offer JTO trading in the Korean Won (KRW) market. There will be some initial trading restrictions in place.
Related: Upbit Faces Sanctions in South Korea Over AML Shortcomings
Trading Restrictions Aim to Curb Volatility
Buy orders face restrictions for about five minutes after trading starts. Furthermore, all order types (except limit orders) are restricted for one hour …
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