CandleFocus Dogecoin Craze Grips Korea, Fuels Price Premium on Local Giants Upbit and Bithumb
2024-11-13
Author: Content Editor
The price of Dogecoin (DOGE) is trading at a premium on Korean exchanges Upbit and Bithumb compared to global exchange Binance. The premium reflects a renewed interest in DOGE among Koreans, with the cryptocurrency surging 78% since the US Presidential election. Trading volume for DOGE on Upbit and Bithumb has reached $8 billion in the past 24 hours, making it the cryptocurrency with the highest volume on those exchanges. Despite the excitement, the premiums on Korean exchanges are lower than previous peaks and the speculative frenzy observed during bull markets. Options activity on PowerTrade indicates expectations that DOGE's price will surpass $1 by the end of January.
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