CandleFocus Shiba Inu, Dogecoin, Bonk and Others: Classic Meme Coins Get Massive Advantage
2024-10-23
Author: Content Editor
The biggest crypto exchange in South Korea, Upbit, has a selective listing policy when it comes to memecoins, only considering those that have been traded for at least two years. This policy gives an advantage to established tokens like Dogecoin and Shiba Inu, which have managed to maintain significant market share. Both Dogecoin and Shiba Inu have seen positive price movements, with Dogecoin trading at around $0.14 and Shiba Inu trading slightly lower. Local demand and regulatory compliance ensure that well-known tokens will continue to thrive in the South Korean market. However, newer tokens like Bonk and Pepe face challenges due to these limitations, allowing the already listed memecoins to strengthen their market positions.
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