Koreans Embrace DOGE, XRP, XLM After Trump’s Win and Turn Eyes to SAND Token

Koreans seem to be diving back into the world of cryptocurrencies with a bang following Donald Trump’s win in the U.S. election. Trading volume on Upbit, the major South Korean exchange, has surged by an impressive 11-fold to $14.3 billion since the election, showcasing a new trend toward smaller tokens.

The most traded cryptocurrencies on Upbit since Trump’s victory are DOGE, XRP, and XLM. This shift seems to indicate a move towards metaverse tokens, which are gaining popularity among retail investors. For example, the DOGE/KRW pair has been the top traded pair on Upbit for 10 days, showing a significant surge in activity around dogecoin.

Overall, DOGE, XRP, and XLM have seen impressive gains of 164%, 188%, and 463% respectively this month. These numbers suggest a resurgence of interest in altcoins, with bitcoin still going strong near its all-time high of $100,000.

In addition to these smaller tokens, Koreans are also showing interest in metaverse tokens like SAND. The SAND/KRW pair on Upbit has seen a 24-hour trading volume of $2 billion, representing 14% of the total trading volume on the exchange. SAND itself has rallied over 200% to 76 cents this month, hinting at a broader trend towards metaverse and gaming tokens.

For traders, keeping an eye on these emerging trends in the crypto market, especially around smaller and metaverse tokens, could offer opportunities for profitable trades. As the crypto market continues to evolve, staying informed and monitoring these changes could lead to potential gains.