Following Donald Trump's recent election victory, South Korean traders are increasingly focusing on smaller cryptocurrencies such as Dogecoin (DOGE), XRP, and Stellar (XLM). Recent trading volume data from the exchange Upbit indicates a significant uptick in these cryptocurrencies, reminiscent of previous bull market trends seen in 2021. The shift in trading behavior also hints at an emerging interest in metaverse tokens, particularly SAND. This change could signal a broader trend among Korean investors as they reassess their portfolios in response to political developments. Omkar Godbole, Co-Managing Editor at CoinDesk, highlights these trends as indicators of shifting investor sentiment in the digital asset landscape.
While we offer lots of free value to the community, our daily intel report (technical analysis, fundraising, token unlocks, and more) is exclusive to pro users.
