On December 3rd, 10x Research pointed out in its market analysis that there has been a significant shift in trading activity since Trump's election. With seven weeks to go before his inauguration, early appointments already herald a crypto-friendly shift in the US government. This trend is expected to continue and could expand trading opportunities.
Other governments, notably the South Korean government, have also taken a more favorable stance towards cryptocurrencies. With the US leading the way in setting cryptocurrency regulation (or deregulation), expect a global wave of crypto-friendliness to follow. The alpha generation of smaller cryptocurrency tokens is likely to continue.
In the past 24 hours, retail-dominated trading volume in the South Korean cryptocurrency market rose to $18 billion, the second highest level of the year, surpassing the local stock market's $14 billion trading volume. XRP led with $6.30 billion in trading volume, followed by DOGE ($1.60 billion), XLM ($1.30 billion), ENS ($900 million), HBAR ($800 million) and SHIB ($600 million). These strong cryptocurrencies are mainly driven by retail traders.
Analysis: Korean Crypto Market Retail Daily Trading Volume Hits Second Highest of the Year, XRP Leads with $6.30 billion in Trading Volume
2024-12-03 05:36:36
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