File reveals a third of South Koreans now have crypto with this coin in point of curiosity


- Over 30% of South Koreans now make investments in crypto, with 15.59M holders in November.
- Crypto procuring and selling volume in South Korea now competitors stock markets, with every single day trades hitting 14.9 trillion received.
- iDEGEN, an AI-powered coin that has raised $8.7M in its ongoing presale, is taking pictures investors’ attention.
In accordance with a most modern file, South Korea’s cryptocurrency market is booming, with over 30% of the inhabitants now investing in digital sources. The amount of crypto holders currently surpassed 15 million, fueled by optimism following Donald Trump’s US presidential election victory.
Amid this surge, a recent cryptocurrency, iDEGEN, has captured the eye of investors, as a consequence of its innovative pricing mannequin and AI integration. Right here’s a more in-depth inquire at the developments reshaping the market.
South Korea’s cryptocurrency enhance: facts and figures
Added: In accordance with info from the Financial institution of Korea, over 15.59 million people in South Korea held crypto sources by the head of November 2024, marking an amplify of 610,000 investors from the previous month.
This upward push coincided with a broader market surge, partly attributed to renewed optimism following the US election outcomes.
With a inhabitants of approximately 51.7 million, this form larger than 30% of South Koreans are basically engaged within the crypto market.
This info was as soon as gathered below the Digital Asset Consumer Protection Act, which went into fabricate in July 2024. This act mandates that exchanges safeguard users’ sources, making sure transparency and fostering belief within the digital currency ecosystem.
Key metrics underline this explosive train. Among them, the entire crypto holdings surged to 102.6 trillion received (around $78 billion) in November, a spicy upward push from 58 trillion received in October. Moderate holdings per particular person moreover climbed to 6.58 million received, whereas deposits on exchanges on the self-discipline of doubled, reaching 8.8 trillion received.
Purchasing and selling process has been equally spectacular, with every single 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) prices moreover played a pivotal feature on this enhance. By November’s pause, Bitcoin’s tag had jumped from 105 million received to 135.8 million received, attracting contemporary investors and boosting confidence available within the market’s potential.
Amid South Korea’s crypto affinity, this memecoin has been making waves
While established cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) dominate headlines, a newcomer, iDEGEN (IDGN), has emerged as a compelling possibility for investors seeking excessive-train opportunities.
Launched in November 2024, this AI-powered meme coin has raised over $8.9 million in its ongoing presale and has bought over 1.1 billion IDGN tokens, generating fundamental buzz at some stage within the crypto community.
What sets iDEGEN aside is its dynamic presale pricing mannequin, a feature no longer regularly seen in passe token launches.
The coin’s tag adjusts every five minutes essentially based on market process—rising by 5% with consecutive purchases and shedding by 5% exact thru lessons of inactiveness. This mechanism incentivises engagement and introduces unpredictability, making the coin in particular appealing to adventurous investors.
Besides, iDEGEN integrates man made intelligence (AI), extra bettering its allure. The project’s AI leverages community feedback on X (formerly Twitter) to refine its trend and utility. This adaptive manner signals that iDEGEN is bigger than just appropriate one other meme coin; it’s a project with potential for long-term train and right-world application.
With the presale set aside to manufacture on January 1, 2025, with an expected list tag 10% larger than the most effective presale tag, early adopters stand to originate vastly.
As innovative projects like iDEGEN seize investor attention, the kind forward for South Korea’s crypto panorama looks increasingly extra vibrant and promising.