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 -0.12% Ethereum / USD ETHUSD $ 2,391.37
-$2.87-0.12% Volume 23.11 b Change -$2.87 Open $2,391.37 Circulating 116.28 m Market Cap 278.06 b 3 h Yearn Finance TVL and Total Users Hits a New ATH Amidst Weak Price Action 1 d The May Crypto Sell-off Predominantly Occurred in the US Session 1 d Best Cryptocurrencies with Growth Potential to Buy In June BTC 3.95% Bitcoin / USD BTCUSD $ 36,927.15
$1,458.623.95% Volume 32.52 b Change $1,458.62 Open $36,927.15 Circulating 18.73 m Market Cap 691.79 b 3 h Yearn Finance TVL and Total Users Hits a New ATH Amidst Weak Price Action 1 d Bitcoin Taproot Upgrade Officially Locked in For November Activation 1 d Cryptocurrency Mining Bill Dies Down After New York Union 'Opposes'
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 1.68% XRP / USD XRPUSD $ 0.85
$0.011.68% Volume 2.6 b Change $0.01 Open $0.85 Circulating 46.19 b Market Cap 39.04 b 2 d Largest Korean Exchange Upbit Goes on a Delisting Spree Ahead of New Regulation 3 d Flare Network Raises $11 Million in Funding to Bring Smart Contracts to All Blockchains 4 d Aggrieved Coinbase Customers Locked Out of their Accounts Drag Exchange To Court 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 1 d Best Cryptocurrencies with Growth Potential to Buy In June 1 mon Cryptocurrency Related Stocks Tumbling in a Massive Divergence from Crypto Assets 1 mon Bitcoin and Ether Aren't the Top Traded Crypto's on Binance Or the Biggest South Korean Exchange EOS 0.50% EOS / USD EOSUSD $ 4.85
$0.020.50% Volume 1.11 b Change $0.02 Open $4.85 Circulating 954.22 m Market Cap 4.63 b 1 d Block.one Settles its Class Action Lawsuit for $27.5 Million 3 w Polkadot to Roll Out Parachains on Kusama Canary Network, the Final Phase Before Full Launch 3 w IOHK Unveils ERC-20 Converter Tool for Testnet, Allowing Ethereum Tokens to Migrate to Cardano LTC 1.10% Litecoin / USD LTCUSD $ 163.37
$1.801.10% Volume 1.85 b Change $1.80 Open $163.37 Circulating 66.75 m Market Cap 10.91 b 3 d Flare Network Raises $11 Million in Funding to Bring Smart Contracts to All Blockchains 4 d PayPal Crypto Volume Trending Back Up After the Record Daily Volume of Over $300 Mln 1 w DOGE Gets Listed on Coinbase Pro; Dogecoin Developer Activity on the Network Sees an Uptick