South Korea’s second-largest cryptocurrency exchange, Bithumb, has announced the listing of Across Protocol (ACX) on its KRW market.
Across Protocol operates as a decentralized cross-chain bridge, designed for secure and efficient transfers of digital assets between different blockchain networks.
When Can You Start Trading ACX on Bithumb?
Trading for the ACX/KRW pair is set to kick off at 6:00 PM local time today, Saturday, March 22, 2025. The initial price for ACX is 439 KRW.
Deposits and withdrawals will be enabled within two hours of this announcement.
South Korea’s second-largest cryptocurrency exchange, Bithumb, will list the Across Protocol (ACX) KRW trading pair. The trading will open at 6:00 PM local time. Across Protocol is a blockchain interoperability platform.https://t.co/dRcJV1oCGr
— Wu Blockchain (@WuBlockchain) March 22, 2025
Bithumb will support the ACX token on the Ethereum network only, with deposits from other networks not accepted. Additionally, deposits and withdrawals will only be supported through virtual asset exchanges authorized by Bithumb.
Related: April Crypto Cliff: $658M in Token Unlocks for SOL, SAGA, APT & TRUMP
What’s the Next Move for ACX’s Price?
ACX gained an impressive 44% in the last 24 hours and 64% in the last seven days.
After reaching a peak of $1.74 in December 2024, the altcoin has since faced a sharp drop. Right now, the price is eyeing to break the $0.50 mark.
The price of ACX could potentially continue to rise, with the next target range estimated at around $0.71.
Source: CoinMarketCap
Should the current positive trend persist, ACX might even approach the $0.80 mark and potentially go beyond. However, if it struggles to overcome these key resistance levels, there’s a risk of the price falling.
Current support levels are identified between $0.25 and $0.30. The Relative Strength Index (RSI) for ACX is at 77, indicating that it is currently in overbought territory. This suggests that the price might be higher than its intrinsic value and could be due for a correction soon.
Positive Drivers for ACX Price
Aiding the positive drive, Across Protocol had recently announced a successful $41 million token sale. The investment round was led by Paradigm, with significant contributions from other major investors including Bain Capital Crypto, Coinbase Ventures, and Multicoin Capital.
Related: Crypto Crackdown in South Korea: Upbit Suspended, Bithumb Investigated, Overseas Exchanges Face Action
These funds have been earmarked to support further development of Across Protocol, with a focus on enhancing blockchain interoperability and decentralized asset transfers.
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