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 -3.61% Ethereum / USD ETHUSD $ 3,407.20
-$123.00-3.61% Volume 14.25 b Change -$123.00 Open $3,407.20 Circulating 117.59 m Market Cap 400.64 b 1 d Interactive Brokers Founder Already Red Pilled, Has Been “Itching” to Offer Crypto Trading for a Long Time 1 d Visa’s Head of Crypto Inquires About Solana (SOL), PayPal Officially Enables Crypto Trading for UK Customers 1 d Trezor Adds EIP-1559 Support to its Model T Wallet, $1 Billion Worth of ETH Burned BTC -1.28% Bitcoin / USD BTCUSD $ 48,034.19
-$614.84-1.28% Volume 27.47 b Change -$614.84 Open $48,034.19 Circulating 18.82 m Market Cap 904.01 b 1 d Stablecoins Come Under Scrutiny As Regulators Rev Up Crypto Clampdown Efforts 1 d Interactive Brokers Founder Already Red Pilled, Has Been “Itching” to Offer Crypto Trading for a Long Time 1 d Visa’s Head of Crypto Inquires About Solana (SOL), PayPal Officially Enables Crypto Trading for UK Customers
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 -1.30% XRP / USD XRPUSD $ 1.08
-$0.01-1.30% Volume 2 b Change -$0.01 Open $1.08 Circulating 46.62 b Market Cap 50.15 b 4 d Solana (SOL) Dominating Institutional Interest, Accounting for Over 86% of the Total Inflows 5 d More than 65% of South Korean Crypto Exchanges to Shut Down Once FSC Deadline Hits 5 d Southeast Asia’s Largest Bank (DBS) Sees Increasing Crypto Demand from Corporate Investors and Wealthy Family Funds 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 mon Kimchi Premium Turns into A Discount, Binance Removes Korean Won Trading Pairs & Trading Options 3 mon Best Cryptocurrencies with Growth Potential to Buy In June 4 mon Cryptocurrency Related Stocks Tumbling in a Massive Divergence from Crypto Assets EOS -2.13% EOS / USD EOSUSD $ 5.18
-$0.11-2.13% Volume 1.68 b Change -$0.11 Open $5.18 Circulating 958.46 m Market Cap 4.97 b 1 mon Tether in 'Open Dialogue' with DOJ, says Company on Report of its Executives Being Under Probe for Bank Fraud 2 mon ByBit Finally Launches Spot Trading with Four Trading Pairs Including BTC, ETH, XRP, & EOS 2 mon After EOS, Block.one Capitalizing on Bull Market Through “Bullish” Going Public in a SPAC Deal at a $9B Valuation LTC -2.11% Litecoin / USD LTCUSD $ 180.01
-$3.80-2.11% Volume 2.18 b Change -$3.80 Open $180.01 Circulating 66.75 m Market Cap 12.02 b 1 d Interactive Brokers Founder Already Red Pilled, Has Been “Itching” to Offer Crypto Trading for a Long Time 1 d Visa’s Head of Crypto Inquires About Solana (SOL), PayPal Officially Enables Crypto Trading for UK Customers 2 d AMC Entertainment to Accept Bitcoin, Ether, and other Cryptocurrencies as Payment