“Buy the rumor, sell the news” – a popular phrase among traders, reflecting the phenomenon in which the price of an asset in the market grows in anticipation of the publication of important news and falls when the news finally comes out (or does not go out), is true for the market of crypto-currency.

The Dragonchain currency rate has risen 30% over the past 24 hours and reached $ 0.80, after someone discovered that Upbit might be preparing to launch the BTC / DRGN trading pair.

In social networks, there is a screenshot made on one of the pages of the Upbit exchange, which shows an API that could be integrated in advance of the launch announcement.

At the time of publication, there is no such code on the page, and it returns a message about a non-existent trading pair.

Nevertheless, traders are not yet rushing to sell Dragonchain, expecting that the rumors will be confirmed.

Currently, Dragonchain, despite all its popularity, is traded on a limited number of sites. Leader in the volume of trading Dragonchain is the KuCoin exchange, which accounts for more than 90% of transactions with this crypto currency.

In addition, the listing on Upbit can automatically mean the release of a digital asset to another popular exchange – Bittrex. The launch of South Korean Upbit was made last year with the mediation of the American Bittrex, and recently the latter officially confirmed that before going on Upbit, the asset is listed on Bittrex.

The Dragonchain platform was created in 2015 by Disney. It allows you to develop a variety of tools and systems on the blockchain using a variety of programming languages. Subsequently, developers can share their tools with each other through a specialized marketplace and create on their basis various solutions for real business, for example ticketing systems, voting systems, audit reporting, payment platforms, peer-to-peer financial derivatives, etc.

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