Major Upbit Listings Propel Lesser-Known Altcoins to Significant Price Increases

Despite a general downturn in the cryptocurrency market, two low-cap altcoins, Pocket Network (POKT) and Livepeer (LPT), recorded considerable gains. POKT's price spiked by 350%, reaching roughly $0.058, its highest since December last year, with a market capitalization exceeding $100 million. LPT surged by over 80%, currently valued at a four-month high of around $10.17, with a market cap of over $420 million.

The price increase for both altcoins is attributed to the leading Korean crypto exchange, Upbit, enabling trading services for these assets. POKT is a US-based decentralized infrastructure protocol providing RPC services for dApps, while LPT is a decentralized video streaming network built on the Ethereum blockchain. Previously, Upbit's support has led to price surges in other cryptocurrencies.