Crypto

Korean Traders Show Preference for Two Tokens Over Bitcoin

Recent data from CoinGecko reveals that XRP and DOGE have seen a significant increase in trading volumes on major South Korean exchanges. In particular, these two cryptocurrencies have accounted for up to 30% of trading volumes on Upbit, the largest exchange in the country, and nearly 20% on Bithumb in the past 24 hours. This surge in trading activity is higher than usual for these tokens, especially when compared to the more commonly traded bitcoin.

This spike in trading volumes suggests a short-term surge in demand for XRP and DOGE in South Korea. Investors and traders in the country seem to be showing a strong interest in these altcoins, possibly due to recent market trends or specific developments related to these cryptocurrencies.

Advertisement Banner

Carmen Brooke Martin

Finance Analyst Hello, my name is Carmen Brooke Martin and I am an expert finance journalist with a master's degree from New York University in Business and Economics. I'm passionate about helping startups spread the word, discover and promote great projects in the crypto and fintech industry. What I am working on is to provide basic cryptocurrency education and benefits to the crypto community through video tutorials and written content. As a business developer, I help crypto projects structure and create a whitepaper that can stir investors' interest, advice on marketing strategies and promotions.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button