Some altcoins are experiencing significant volume growth on South Korean crypto exchanges. Especially after cryptocurrencies like SXP and ICX, Koreans seem to focus on STEEM, STORJ, APT and XLM. Here are the details…
South Koreans focus on these four altcoins
In the past few hours, some altcoins have seen a significant increase in trading volume on South Korean cryptocurrency exchanges. According to CoinMarketCap, four altcoins have caught the attention of traders: STEEM, STORJ, APT, and XLM. STEEM is a cryptocurrency that powers the Steemit platform, a blockchain-based social media network where users can earn rewards for creating and editing content. Upbit, one of South Korea’s largest crypto exchanges, has seen a jump in STEEM volume.
STORJ, on the other hand, is an open source cloud storage platform. Basically, it uses a decentralized network of nodes to host user data. The platform also secures hosted data using advanced encryption. On Upbit, STORJ’s volume increased 180 percent to reach $1 million. Aptos is another altcoin that is experiencing a surge in volume on South Korean exchanges. On Upbit, APT’s 1-hour volume rose 200 percent.
Aptos sees increase in trading volume on XLM
Aptos is a layer-1 Proof-of-Stake (PoS) Blockchain that uses a new smart contract programming language called Move, a Rust-based programming language independently developed by Meta’s (formerly Facebook) Diem Blockchain engineers. Aptos’ vision is a Blockchain that drives mainstream adoption of web3 and empowers a DApp ecosystem to solve real-world user problems. The PoS Blockchain can reach over 150,000 transactions per second (tps) through parallel execution.
XLM is a cryptocurrency that powers the Stellar network. On Upbit, XLM’s 1-hour volume increased 155 percent. Stellar (XLM) is a peer-to-peer (P2P) decentralized network created by the Stellar Development Foundation or Stellar.org in 2014. The network was officially launched in 2015 to connect the world’s financial systems and provide a protocol for payment providers and financial institutions.
ICX, SXP attracted attention in South Korean stock markets
cryptocoin.com As we have also reported, South Korean crypto exchanges have experienced an increase in the transaction volume of large coins such as ICX and SXP in recent weeks. After XRP, SXP, ICX, ARB and AERGO; These altcoins could be the next big thing in South Korea. According to available data, there is increasing demand for altcoins on South Korea’s largest crypto exchanges.
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