[Coin Scan] DRIFT, a rising coin, rises by over 24%… Summary of major trends in the domestic cryptocurrency market
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As of 3 PM on the 30th, the domestic cryptocurrency market showed a mixed trend, with a notable surge in some altcoins. Buying sentiment was concentrated around USDT, and trading volume focused on specific stocks like PUNDIX and DRIFT, indicating a selective investment flow.
According to Bonanza Lab data, USDT recorded the highest buying volume on Upbit, reflecting investor sentiment favoring liquid assets amid market instability. Following that, large assets such as XRP, BTC, and TRON also saw a certain level of buying inflow. On Bithumb, Doge caught attention by ranking in the top tier.
DRIFT was the most significant riser, drawing attention with a substantial increase on Upbit and recording a similar upward trend on Bithumb across the market. Along with this, some altcoins like CEL and Citizen (Co) also showed high growth rates, building short-term expectations. On Bithumb, Citizen (CTK) attracted investor interest with a double-digit percentage increase.
In contrast, on the Bithumb exchange, Non-Fungible Token (NFT) related stocks showed a decline. Particularly, NFT tickers recorded a double-digit percentage drop, revealing variations across different exchanges. This indicates that even the same asset can show different volatility depending on the exchange's supply and demand environment.
PUNDIX, traded on Upbit, had the highest trading volume, showing significant trading concentration. Following that, DRIFT, XRP, and SIGN from the same exchange were positioned in the top trading volume ranks. On Bithumb, only USDT made it to the top tier, confirming the continued trading of large assets.
The current market is experiencing significant price fluctuations with short-term buying concentrated on certain stocks, and the disparity between exchanges and stocks is expanding. In such a situation, a cautious approach focusing on stable assets is recommended rather than excessive chasing of purchases.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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