Exploring the Crypto Craze in South Korea
- Over 30% of South Koreans now invest in crypto, with 15.59M holders in November.
- Crypto trading volume in South Korea now rivals stock markets, with daily trades hitting 14.9 trillion won.
- iDEGEN, an AI-powered coin that has raised $8.7M in its ongoing presale, is capturing investors’ attention.
South Korea’s cryptocurrency market is experiencing a surge, with a significant portion of the population investing in digital assets. Let’s delve into the latest trends reshaping this dynamic market.
The Rise of Cryptocurrency in South Korea
Recent data from the Bank of Korea reveals that over 15.59 million individuals in South Korea held crypto assets by November 2024, representing a notable increase from the previous month. This uptick in crypto holders aligns with a broader market rally, fueled in part by positive sentiment following the US election results.
Key Statistics:
- 30% of South Koreans are now engaged in the crypto market.
- Total crypto holdings reached 102.6 trillion won in November.
- Average holdings per person climbed to 6.58 million won.
- Daily transaction volumes on top exchanges hit 14.9 trillion won.
Bitcoin’s Impact:
The surge in Bitcoin prices played a pivotal role in this crypto boom, attracting new investors and bolstering confidence in the market’s potential. By the end of November, Bitcoin’s price had surged, further driving interest in the digital asset space.
Introducing iDEGEN: The Memecoin Making Waves
While established cryptocurrencies like Bitcoin and Ethereum dominate the market, a newcomer called iDEGEN (IDGN) has garnered attention among investors. This AI-powered meme coin, launched in November 2024, has raised over $8.9 million in its ongoing presale, attracting significant interest.
Unique Features:
- iDEGEN’s dynamic pricing model adjusts based on market activity.
- The coin integrates artificial intelligence for enhanced functionality.
- Community feedback on platforms like X (formerly Twitter) influences iDEGEN’s development.
With the presale concluding soon and an expected listing price increase, early adopters of iDEGEN could stand to benefit from this innovative project’s potential growth.
As innovative cryptocurrencies like iDEGEN gain traction, South Korea’s crypto landscape presents a promising outlook for the future.
