South Korea’s Crypto Market Booms with Over 15 Million Investors
In a recent report, it was revealed that South Korea’s cryptocurrency market is experiencing a surge, with over 30% of the population now actively investing in digital assets. The number of crypto holders in the country has surpassed 15 million, a significant increase fueled by optimism following the US presidential election results.
Key Facts and Figures:
– As of November 2024, data from the Bank of Korea shows that over 15.59 million individuals in South Korea held crypto assets.
– This marked an increase of 610,000 investors from the previous month, highlighting the rapid adoption of cryptocurrencies in the country.
– With a population of approximately 51.7 million, this means that more than 30% of South Koreans are now engaged in the crypto market.
– The Virtual Asset User Protection Act, implemented in July 2024, has played a crucial role in ensuring transparency and safeguarding users’ assets on exchanges.
The cryptocurrency market in South Korea has seen explosive growth, with total crypto holdings reaching 102.6 trillion won in November. Average holdings per person have also increased, and deposits on exchanges nearly doubled, reaching 8.8 trillion won. Daily transaction volumes on the country’s top five exchanges have reached 14.9 trillion won, rivaling the stock market.
The rise in Bitcoin prices has been a driving force behind this boom, with the price jumping from 105 million won to 135.8 million won by the end of November.
iDEGEN: A New Player in the Crypto Market
Amid South Korea’s growing affinity for cryptocurrencies, a new player has emerged in the market – iDEGEN (IDGN). This AI-powered meme coin has garnered significant attention since its launch in November 2024. With over $8.9 million raised in its ongoing presale and more than 1.1 billion IDGN tokens sold, iDEGEN has become a popular choice for investors seeking high-growth opportunities.
What sets iDEGEN apart is its dynamic presale pricing model, where the coin’s price adjusts based on market activity every five minutes. This unique feature incentivizes engagement and introduces unpredictability, making it an attractive option for adventurous investors.
Additionally, iDEGEN integrates artificial intelligence (AI) into its project, using community feedback to enhance its development and utility. This adaptive approach positions iDEGEN as a project with long-term growth potential and real-world application.
As the presale of iDEGEN is set to conclude on January 1, 2025, early adopters are poised to reap significant rewards, with an expected listing price 10% higher than the final presale price.
In conclusion, with innovative projects like iDEGEN gaining traction in the market, the future of South Korea’s crypto landscape looks promising and vibrant. Stay tuned as the crypto market continues to evolve and attract more investors.
