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Watch Out: 5 Altcoins in South Korea See Trading Volume Boom – Here’s the List

Watch Out: 5 Altcoins in South Korea See Trading Volume Boom – Here’s the List

BitcoinsistemiBitcoinsistemi2024/11/04 05:33
By:Mete Demiralp

Increases in trading volume were observed in some altcoins on Upbit, South Korea's largest cryptocurrency exchange.

South Korea’s largest cryptocurrency exchange Upbit has recorded dramatic increases in trading volumes for several altcoins.

These notable increases observed on the one-hour and four-hour trading charts indicate high activity, which contrasts with trends on global platforms like Binance.

One of the notable moves was seen on Beam (BEAM). On its four-hour chart, BEAM’s trading volume on Upbit skyrocketed to $63 million, a 212.77% increase from its 50-period average of $20 million. However, the picture was quite different on Binance, where BEAM’s volume dropped by 39.80% from an average of $6 million to $4 million.

Another token that caught our attention was LayerZero (ZRO). On the one-hour chart, ZRO saw an explosive 365.80% increase on Upbit, with trading volumes reaching $190,000 compared to an average of $41,000. Binance saw a more modest 45.63% increase, with volumes rising from $97,000 to $141,000.

Related News Arthur Hayes Reveals His Preferred Altcoin Instead of Ethereum: Warns Cryptocurrency Market About US Elections

Bounce Token (AUCTION) also saw a significant increase in trading volume on Upbit, rising 246.49% from an average of $3,000 to $11,000 on the one-hour chart. Again, the movement on Binance differed significantly with a 56.76% decrease in volume, falling from an average of $4,000 to just $2,000.

Theta Fuel (TFUEL) followed a trend of significant volume increases on Upbit, rising 339.14% in a one-hour period, from an average of $418,000 to $2 million. On Binance, volume slightly decreased, dropping 3.38% to $471,000 from an average of $488,000.

Stargate Finance (STG) contributed to this pattern with a 165.54% increase in trading volume on Upbit, rising from $137,000 to $363,000 in a one-hour time frame. Meanwhile, Binance saw a 19.60% drop, with STG volumes falling from $175,000 to $140,000.

*This is not investment advice.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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