OpenLedger Token Price Surges After Upbit Listing, Eyes $4

OpenLedger Token Price Sees Wild Ride, Targets $2

OpenLedger’s native cryptocurrency, OPEN, has wild ride after its recent listings on major crypto exchanges. After a massive 200% debut surge, the OpenLedger token price took a hit with a 15% dip on the second day. But the token has made a strong comeback, rising nearly 20% in a sharp turnaround. Now, the question is whether the cryptocurrency can keep up this momentum.

$OPEN Surges Post Upbit Listing

OpenLedger is an AI blockchain that unlocks liquidity and supports the monetization of data, models, apps, and agents. With the goal of creating a 'Payable AI' economy, the platform is making important progress, including the launch of its native token, $OPEN.

The price of OpenLedger is currently very volatile since its launch on September 9. After its initial listing on the major cryptocurrency exchange Binance, the token jumped by 200%, reaching a high of $1.773.

However, soon the coin retreated, plunging by nearly 15% on the same day despite listings on major exchanges like HTX. Today, as another industry player, Upbit, has added crypto for trading, the OpenLedger token price took another major rally, rising to $1.4

Notably, Upbit now allows trading $OPEN on three key pairs with KRW,  BTC, and USDT. Trading will commence at 5:00 PM local time on September 10, according to an official announcement.

Currently, the crypto is trading at $1.30, down 3%. However, over the last two days, the cryptocurrency has been up by an impressive 160%. Despite this bullish momentum, traders are showing less interest in the crypto. The 24-hour trading volume is at $424.6 million, down by 53%.

OpenLedger Eyes $4

Considering the high volatility of the cryptocurrency, the community remains ambiguous about its potential future. Also, the outlook is uncertain due to its recent launch and volatile market dynamics.

However, technical indicators hint at the crypto’s sustained bullish momentum, with its nearby target at $2. Sustained demand and limited selling from airdrop recipients are key to a potential rally to $2.7 in 2025. Otherwise, increased selling pressure could lead to a downturn. On a long-term analysis, the altcoin hints at its possible surge to $4 and beyond by 2029.