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 -3.77% Ethereum / USD ETHUSD $ 1,923.19
-$72.50-3.77% Volume 13.73 b Change -$72.50 Open $1,923.19 Circulating 121.96 m Market Cap 234.56 b 7 mon Coinbase Predicts Substantial Growth of Newer L1 Chains & Institutionalization of Regulated DeFi 7 mon A Possible Crypto Recovery Moving Into New Year, Risk-on Sentiments Send The Stock Market to Another Record High 7 mon The Sandbox Game Is Migrating to Ethereum Sidechain Polygon and Launching A DAO in 2022 BTC -1.25% Bitcoin / USD BTCUSD $ 24,268.82
-$303.36-1.25% Volume 22.8 b Change -$303.36 Open $24,268.82 Circulating 19.12 m Market Cap 464.06 b 7 mon SEC Commissioner says NFTs Might Fall Within Their Jurisdiction, Gensler Hires Senate Aid for Crypto Policy 7 mon A Possible Crypto Recovery Moving Into New Year, Risk-on Sentiments Send The Stock Market to Another Record High 7 mon Bitcoin and Ether Dump More Going Into Year-End, ETH Killers Showing Great Momentum
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 -1.02% XRP / USD XRPUSD $ 0.38
$0.00-1.02% Volume 716.32 m Change $0.00 Open $0.38 Circulating 49.14 b Market Cap 18.55 b 7 mon Bitcoin and Ether Breaks Trend With Outflows While Altcoins Continue to See Inflows 7 mon SBI Holdings to Launch Japan’s First Crypto Fund; Including BTC, ETH, DOT, LINK, LTC, XRP & BCH 8 mon Ledger Announces Integration with FTX and Coinbase, Launching Crypto Life Debit Card 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 8 mon Layer 1s Lead Crypto Recovery But “Tricky” Macro Environment Raises Potentials for “Extreme and Violent” Moves 10 mon Bullish Week: Overwhelming Bitcoin Buying Sends OI to May Level While Net Dollar Longs Are Surging 1 y Kimchi Premium Turns into A Discount, Binance Removes Korean Won Trading Pairs & Trading Options EOS -3.45% EOS / USD EOSUSD $ 1.31
-$0.05-3.45% Volume 204.07 m Change -$0.05 Open $1.31 Circulating 997.1 m Market Cap 1.3 b 8 mon Keanu Reeves “HODL”, Swiss Federal Councilor’s Data Leaked in Ledger Hack, Crypto Protocols Continue Be Exploited 8 mon EOS Founder Calls for A Rebranding, Network Pivots to DAO And Moving Away From Block.one 8 mon Over 4.4 Billion Added in Total Stablecoin Supply in the First Week of December LTC -2.15% Litecoin / USD LTCUSD $ 63.41
-$1.36-2.15% Volume 407.22 m Change -$1.36 Open $63.41 Circulating 70.94 m Market Cap 4.5 b 7 mon Bitcoin and Ether Breaks Trend With Outflows While Altcoins Continue to See Inflows 7 mon SBI Holdings to Launch Japan’s First Crypto Fund; Including BTC, ETH, DOT, LINK, LTC, XRP & BCH 8 mon Ledger Announces Integration with FTX and Coinbase, Launching Crypto Life Debit Card