South Korea has a special place for the cryptocurrency world. Therefore, the moves of South Korean crypto players are followed with interest in the market. According to the latest data, 4 altcoins stand out in trading volume on Korea’s leading crypto exchange Upbit.
Aptos trading volume exploded on Upbit!
On Upbit, South Korea’s popular crypto exchange, Aptos (APT))witnessed remarkable volume growth. Accordingly, the 4-hour average volume was 202 thousand dollars, while the final volume was recorded as 1 million dollars. This showed an increase of about 440%.
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 Diem Blockchain engineers. Aptos’ vision is to be a Blockchain that drives mainstream adoption of web3 and empowers an ecosystem of DApps to solve real-world user problems. At press time, APT was up 6.51% on a daily basis, according to data from CoinMarketCap. Currently, the altcoin is changing hands at $10.73.
According to analyst Brian Bollinger, on the daily time frame chart, APT price shows the formation of a descending triangle pattern. Theoretically, this pattern is a bearish continuation that intensifies the selling momentum if the coin price breaks the neckline support of the pattern. However, the momentum indicator RSI is showing a marked divergence, indicating that this pattern has an opportunity to deliver a bullish result and offer buying opportunities to interested traders.
Other altcoins seeing remarkable growth on the crypto exchange
Average 1-hour volume for QKC on Upbit was $3 million. However, the final volume increased by about 393% to $14 million. Meanwhile, the altcoin is trading at $0.01089 at press time, up 0.71% on a daily basis.
QuarkChain Network is a permissionless Blockchain architecture that aims to meet global commercial standards. On-chain aims to provide a secure, decentralized and scalable Blockchain solution to deliver 100,000+ TPS.
On the crypto exchange LOOM, the average 1-hour volume was $7 million. However, the final volume recorded reached $25 million, an increase of approximately 246%. At press time, the altcoin was trading at $0.06069, up 2.75% on a daily basis.
Loom Network is a platform-as-a-service built on Ethereum that allows developers to run large-scale decentralized applications. The developers released the platform on October 1, 2017. Loom’s goal is to enable app developers to have smart contracts that can access much more computing power when needed, or maintain the same power at lower costs for tasks such as trying to recruit new users or applications that don’t need the full security of Blockchain initially.
Finally, on Upbit, PUNDIX’s 1-hour average volume was $100,000. The final volume was recorded at $305,000, up 204%. At press time, the altcoin is changing hands at $0.461, up 0.95% on a daily basis.
Pundi X is a leading developer of Blockchain-powered devices that aims to transform retail businesses with its Blockchain-based point-of-sale solution. The solution allows retailers and consumers to perform instant in-store transactions on the Blockchain. For cryptocurrency news cryptocoin.comDon’t forget to follow
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