XCN, PRL Crypto Tokens Outperform Bitcoin After Upbit Debut Amid Market Weakness

Onyxcoin and Perle were among the top cryptocurrency gainers on Monday, with XCN’s price rising more than 60% at its peak, while PRL’s price gained over 50% before paring gains.

• Onyxcoin and Perle crypto tokens surged sharply following Upbit's listing announcements.
• Upbit will list Onyxcoin in KRW and USDT markets, while Perle will be available in KRW, BTC, and USDT pairs.
• Exchange listings often act as catalysts for smaller tokens due to increased visibility and liquidity.

Perle (PRL) and Onyxcoin (XCN) were among the top gainers on Monday in the cryptocurrency market after Korean crypto exchange Upbit announced it had listed the tokens on its platform.

XCN’s price rose 36.2% in the last 24 hours to around $0.006 after the listing, paring gains from a three-month high of $0.008. At peak, gains extended beyond 64% after the announcement.

It was among the top trending tickers on Stocktwits at the time of writing and was among the top three gainers in the cryptocurrency market. Retail sentiment around the token on Stocktwits flipped to ‘extremely bullish’ from ‘bearish’ over the past day, and chatter jumped to ‘extremely high’ from ‘low’ levels. 

Meanwhile, PRL’s price rallied more than 50% to $0.34 in the last 24 hours, paring gains from an intra-day high of $0.37. Retail sentiment around the token on Stocktwits improved to ‘bullish’ from ‘neutral’ over the past day, and chatter increased to ‘extremely high’ from ‘high’ levels.