Bitcoin and Ether Aren’t the Top Traded Crypto’s on Binance Or the Biggest South Korean Exchange
DOGE is the one that is yet again leading the market, closing in on a $100 bln market cap, and is accounting for 41.55% of Upbit’s overall volume, which is also more than Coinbase Pro’s entire volume.
Yet again, DOGE has gone parabolic.
Hitting a new all-time high at nearly $0.69, DOGE is up over 140% in the past 7-days ahead of Tesla CEO and “Dogefather” Elon Musk’s appearance on SNL on May 8.
Dogecoin is currently the 4th largest crypto asset with a market cap of $85 billion.
The DOGE FOMO is getting real, which yet again ends up taking Robinhood down. “We’re currently experiencing issues with crypto trading,” said the retail trading app on Tuesday, yet again, before restoring the crypto trading an hour later.
I just grabbed some doge I’m tired of missing out
— Meek Mill (@MeekMill) May 4, 2021
Retail traders are all simply FOMOing in on the meme coin, as evident from the fact that Dogecoin is the most traded crypto asset on the leading cryptocurrency exchange Binance.
According to CoinGecko, DOGE/USDT on Binance is recording $14 billion in volume, accounting for 19.82% of the overall exchange volume. ETH/USDT and BTC/USDT account for only 7.74% and 6.42% of Binance’s total volume, only to be followed by DOGE/BTC yet again at 3.78%. ETH 9.79% Ethereum / USD ETHUSD $ 3,527.78
$345.379.79% Volume 48.06 b Change $345.37 Open $3,527.78 Circulating 115.75 m Market Cap 408.36 b
3 h WallStreetBets Launches Blockchain-Powered Exchange Traded Portfolios, Ran Through A DAO 7 h Ether Retraces to Trade Under $3,400 But Several Catalysts Are Still Present to Sent it Higher 8 h Raydium (RAY) Alone Accounts for Nearly 90% of Solana Ecosystem’s TVL BTC 8.56% Bitcoin / USD BTCUSD $ 57,504.68
$4,922.408.56% Volume 68.9 b Change $4,922.40 Open $57,504.68 Circulating 18.7 m Market Cap 1.08 t
5 h JPMorgan’s Jamie Dimon Still Has ‘No Interest’ in Bitcoin Despite Growing Adoption 5 h Grayscale Partners with New York Giants, Becoming the Second Crypto Sponsor of an NFL Team 6 h NYDIG Partners with FinTech Giant to Enable US Bank Customers to Buy, Hold, and Sell BTC through their Existing Accounts
Meanwhile, as per Binance owned Coinmarketcap, ETH/USDT derivatives are seeing the highest volume at $20.4 billion, followed by DOGE/USDT derivatives recording $19.4 billion in volume.
While BTC/USDT derivatives are the third most traded pair with a $19.4 billion volume, DOGE/USDT spot trading is yet again seeing $15.8 billion volume.
Trading at a premium of 9.75%, DOGE/KRW is at $0.7077, down from a $0.7142 high earlier in the day.
Compared to Coinbase Pro’s $9.3 billion total volume, DOGE/KRW alone on Upbit did $14.3 billion in the past 24 hours.
As we previously reported, South Koreans have been more involved in altcoins than Bitcoin and Ether. And this continues with Ethereum Classic accounting for nearly 19% of all Upbit volume and the highest 20.69% on Bithumb.
XRP, BTT, EOS, LINK, and LTC are other popular altcoins on Korean exchanges. XRP 19.50% XRP / USD XRPUSD $ 1.64
$0.3219.50% Volume 13.38 b Change $0.32 Open $1.64 Circulating 45.4 b Market Cap 74.4 b
8 h SEC Moves To Expunge XRP Holders From Ongoing Ripple Lawsuit With Latest Filing 9 h Bitcoin and Ether Aren’t the Top Traded Crypto’s on Binance Or the Biggest South Korean Exchange 2 d Due to Increased Demand, Social Trading Platform Firm eToro Now Supports DOGE BTT 5.17% Blocktrade Token / USD BTTUSD $ 0.00
$0.005.17% Volume 0 Change $0.00 Open $0.00 Circulating 55.75 m Market Cap 231.49 K
9 h Bitcoin and Ether Aren’t the Top Traded Crypto’s on Binance Or the Biggest South Korean Exchange 4 w South Koreans Are Trading XRP & BTT More than BTC and Ether 4 w Bitcoin Takes A Dive & Altcoins’ Drop Hard, But People Are Still ‘HODLing and Not Selling’ EOS 39.15% EOS / USD EOSUSD $ 8.75
$3.4339.15% Volume 8.56 b Change $3.43 Open $8.75 Circulating 953.13 m Market Cap 8.34 b
9 h Bitcoin and Ether Aren’t the Top Traded Crypto’s on Binance Or the Biggest South Korean Exchange 2 d Due to Increased Demand, Social Trading Platform Firm eToro Now Supports DOGE 1 w USDT Supply on Tron Surpasses Ethereum as Tether Hits $50 Bln in Market Cap LTC 18.31% Litecoin / USD LTCUSD $ 356.66
$65.3018.31% Volume 13.11 b Change $65.30 Open $356.66 Circulating 66.75 m Market Cap 23.81 b
5 h Grayscale Partners with New York Giants, Becoming the Second Crypto Sponsor of an NFL Team 9 h Bitcoin and Ether Aren’t the Top Traded Crypto’s on Binance Or the Biggest South Korean Exchange 2 d Due to Increased Demand, Social Trading Platform Firm eToro Now Supports DOGE