Dogecoin Frenzy Arrives In Korea: ‘Kimchi Premium’ Returns Amid DOGE’s 110% Rally

Quick Summary:

According to crypto analyst Kaleo, the memecoin is "in the process of making the massive impulse move to the new all-time Highs at the early stages of a new bull market that it is known for.” The analyst details that the cryptocurrency makes "swift moves with massive multiples” around 200 days after the Bitcoin Halving, with timing between previous ATHs and the beginning of each move having a "similar cadence.” Related Reading: Market Pricing In A Higher Fair Value’ For Bitcoin As Price Discovery Continues The analyst noted that Dogecoin still has "a lot of room to run up” if history repeats itself.

Moreover, on Tuesday, Dogecoin saw a spike in volume globally, reaching $22 billion in a single day.Upbit accounted for 20.7% of DOGE’s global trading volume, falling second to Binance’s 41.5% share.

Web3 analyst Bradley Park highlighted that the memecoin had a remarkable $10.6 billion 24-hour trading volume on the Korean exchange Upbit.

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Article Details

Author / Journalist: Rubmar Garcia

Category: Crypto

Markets: United KingdomSouth Korea

Topics: South Korean cryptocurrency exchange Upbit Btc Dogeusdt Cryptocurrency Market News Memecoin Crypto analyst Dogecoin Crypto trader Doge Bitcoin Crypto market Bithumb Kimchi premium

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-14 @ 11:00:11 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 457 words

Reading Time: 3 minutes read

Sentences: 72 lines

Sentence Length: 7 words per sentence (average)

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Copyright Owner: © NewsBTC

News ID: 23584321

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