• Presently, greater than 30% of South Koreans are investing in cryptocurrencies, with 15.59 million holders as of November.
• Presently, South Korea's digital foreign money buying and selling quantity is similar to that of the inventory market, with every day buying and selling quantity reaching 14.9 trillion gained.
• iDEGEN is an AI-powered coin that has attracted investor consideration after elevating $8.7 million in an ongoing pre-sale.

Based on current experiences, South Korea's cryptocurrency market is quickly rising, with greater than 30% of the inhabitants at the moment investing in digital property. The variety of crypto holders just lately exceeded 15 million, buoyed by optimism after Donald Trump's victory within the US presidential election.

Amid this surge, the brand new cryptocurrency iDEGEN has attracted the eye of buyers due to its modern pricing mannequin and AI integration. Right here we take a more in-depth have a look at the traits which are reshaping the market.

South Korea's crypto growth: details and figures

Based on information from the Financial institution of Korea, by the top of November 2024, greater than 15.59 million people in South Korea held crypto property, a rise of 610,000 buyers from the earlier month.

The rally coincided with broader market beneficial properties, due partly to renewed optimism following the U.S. election outcomes.

With a inhabitants of roughly 51.7 million, this implies over 30% of Koreans take part within the cryptocurrency market.

This information was collected underneath the Digital Asset Person Safety Act, which got here into impact in July 2024. The legislation requires exchanges to guard customers' property, guarantee transparency, and foster belief within the digital foreign money ecosystem.

Key indicators spotlight this explosive progress. Of this quantity, whole holdings of digital currencies surged to 102.6 trillion gained (roughly $78 billion) in November, a big enhance from 58 trillion gained in October. The common holding quantity per particular person additionally elevated to six.58 million gained, and trade deposits virtually doubled to eight.8 trillion gained.

Buying and selling exercise was equally spectacular, with the every day buying and selling quantity of the nation's high 5 exchanges (Upbit, Bithumb, CoinOne, Corbit, and GoPax) reaching 14.9 trillion gained, similar to the Korean inventory market. did.

Rising Bitcoin (BTC) costs additionally performed a pivotal function on this growth. By the top of November, Bitcoin's value had jumped from 105 million gained to 135.8 million gained, attracting new buyers and growing confidence out there's potential.

This meme coin is changing into a sizzling matter amongst Korean crypto-currency fans.

Whereas established cryptocurrencies akin to Bitcoin (BTC) and Ethereum (ETH) dominate the headlines, newcomer iDEGEN (IDGN) has emerged as a lovely possibility for buyers in search of high-growth alternatives. I'm doing it.

Launched in November 2024, this AI-powered meme coin has raised over $8.9 million in an ongoing pre-sale, bought over 1.1 billion IDGN tokens, and created an enormous buzz inside the cryptocurrency group. .

What units iDEGEN aside is its dynamic pre-sale pricing mannequin, a characteristic not often seen in conventional token launches.

Coin costs regulate each 5 minutes based mostly on market exercise, growing by 5% on consecutive purchases and lowering by 5% during times of inactivity. This mechanism not solely stimulates engagement, but additionally introduces a degree of unpredictability, making this coin notably interesting to adventurous buyers.

Moreover, iDEGEN is built-in with synthetic intelligence (AI), making it much more interesting. The venture's AI leverages suggestions from the group on X (previously Twitter) to refine its improvement and utility. This adaptive method reveals that iDEGEN is greater than only a meme coin. It is a venture with potential for long-term progress and real-world purposes.

The presale is scheduled to finish on January 1, 2025, and the anticipated itemizing value is 10% greater than the ultimate presale value, giving early consumers a big revenue.

The way forward for South Korea's crypto trade appears more and more vibrant and promising as modern initiatives like iDEGEN appeal to buyers' consideration.