- It was reported that SteemDollars (SBD) and Bitcoin Gold (BTG), which were designated as cautionary on Upbit, are showing a sharp rise.
- Bitcoin Gold is scheduled for delisting on January 23, and such short-term surges in these assets are referred to as 'delisting beam' or 'caution beam'.
- Experts warn that if individual investors hastily invest in assets surging due to speculative forces, it can lead to losses.
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Two cryptocurrencies that have been designated as cautionary on Upbit, the largest cryptocurrency exchange in Korea, are showing a sharp rise.
As of 2:04 PM on the 8th, according to Upbit, SteemDollars (SBD) is trading at 5,423 KRW, soaring 54.02% compared to the opening (9 AM). This is the highest increase rate on Upbit for the day.
At the same time, Bitcoin Gold (BTG) is also trading at 27,350 KRW, up 14.72% compared to the opening.
These two assets have been designated as cautionary items by Upbit. SteemDollars and Bitcoin Gold were designated as cautionary on December 30 and December 10, respectively. Notably, Bitcoin Gold is scheduled for delisting on January 23.
It is not uncommon for cautionary designated assets to surge. Terms like 'delisting beam' and 'caution beam' have emerged to describe the phenomenon of delisting or cautionary designated assets soaring.
However, experts warn that investing hastily in such surging assets can lead to losses. They explain that if speculative forces flock to these assets, individual investors are bound to incur losses.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.PiCK News
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