- Over 30% of South Koreans now put money into crypto, with 15.59M holders in November.
- Crypto buying and selling volume in South Korea now competitors stock markets, with day-to-day trades hitting 14.9 trillion received.
- iDEGEN, an AI-powered coin that has raised $8.7M in its ongoing presale, is capturing traders’ consideration.
Constant with a most up-to-date document, South Korea’s cryptocurrency market is booming, with over 30% of the inhabitants now investing in digital resources. The selection of crypto holders only in the near past surpassed 15 million, fueled by optimism following Donald Trump’s US presidential election victory.
Amid this surge, a brand contemporary cryptocurrency, iDEGEN, has captured the dignity of traders, thanks to its innovative pricing mannequin and AI integration. Right here’s a more in-depth undercover agent on the traits reshaping the market.
South Korea’s cryptocurrency affirm: info and figures
Constant with records from the Bank of Korea, over 15.59 million folks in South Korea held crypto resources by the tip of November 2024, marking a upward push of 610,000 traders from the old month.
This upward push coincided with a broader market surge, partly attributed to renewed optimism following the US election results.
With a inhabitants of roughly 51.7 million, this kind bigger than 30% of South Koreans are in actuality engaged in the crypto market.
This records used to be gathered beneath the Virtual Asset Individual Protection Act, which went into fabricate in July 2024. This act mandates that exchanges safeguard users’ resources, guaranteeing transparency and fostering trust in the digital forex ecosystem.
Key metrics underline this explosive affirm. Among them, the final crypto holdings surged to 102.6 trillion received (round $78 billion) in November, a pointy upward push from 58 trillion received in October. Common holdings per particular person furthermore climbed to 6.58 million received, while deposits on exchanges virtually doubled, reaching 8.8 trillion received.
Procuring and selling process has been equally spectacular, with day-to-day transaction volumes on the country’s top five exchanges—Upbit, Bithumb, Coinone, Korbit, and Gopax—hitting 14.9 trillion received rivalling South Korea’s stock markets.
The upward thrust in Bitcoin (BTC) costs furthermore performed a pivotal role in this affirm. By November’s discontinue, Bitcoin’s ticket had jumped from 105 million received to 135.8 million received, attracting contemporary traders and boosting self belief in the market’s seemingly.
Amid South Korea’s crypto affinity, this memecoin has been making waves
Whereas established cryptocurrencies love Bitcoin (BTC) and Ethereum (ETH) dominate headlines, a newcomer, iDEGEN (IDGN), has emerged as a compelling choice for traders hunting for high-affirm alternatives.
Launched in November 2024, this AI-powered meme coin has raised over $8.9 million in its ongoing presale and has equipped over 1.1 billion IDGN tokens, generating considerable buzz interior the crypto neighborhood.
What items iDEGEN apart is its dynamic presale pricing mannequin, a feature now not ceaselessly considered in gentle token launches.
The coin’s ticket adjusts every five minutes according to market process—rising by 5% with consecutive purchases and shedding by 5% throughout sessions of express of no activity. This mechanism now not only incentivizes engagement however furthermore introduces a stage of unpredictability, making the coin particularly lively to adventurous traders.
As nicely as, iDEGEN integrates synthetic intelligence (AI), which additional enhances its allure. The project’s AI leverages neighborhood feedback on X (previously Twitter) to refine its construction and utility. This adaptive ability signals that iDEGEN is bigger than appropriate one other meme coin; it’s a project with seemingly for long-term affirm and true-world utility.
With the presale self-discipline to discontinuance on January 1, 2025, with an anticipated listing ticket 10% higher than the final presale ticket, early adopters stand to develop vastly.
As innovative projects love iDEGEN take hang of investor consideration, the long jog of South Korea’s crypto panorama appears to be increasingly extra shiny and promising.
