Volumes Soared for MANA Coin and Those 4 in South Korea!

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Upbit, South Korea’s largest cryptocurrency exchange, surpassed Binance in transaction volumes of altcoins such as Arbitrum (ARB), Decentraland (MANA coin), Qtum (QTUM), Kava (KAVA) and StormX (STMX) in the last 24 hours. . This unexpected increase indicates a wave of increased investor interest and speculation in the market. In this news, we will examine the extraordinary volume increase on Upbit. Additionally, we will analyze the possible reasons and list things to consider for investors. Here are the details…

MANA coin, KAVA, STMX wave on Upbit

Upbit, South Korea’s largest cryptocurrency exchange, surpassed Binance in the trading volumes of altcoins such as Arbitrum (ARB), Decentraland (MANA), Qtum (QTUM), Kava (KAVA) and StormX (STMX) in the last 24 hours. This unexpected increase indicates a wave of increased investor interest and speculation in the market.

  • Qtum (QTUM) is up 165.23% on Upbit, reaching $9 million in trading volume on the 4-hour chart. This is more than 12 times the 4-hour average volume on Binance.
  • Arbitrum (ARB) reached a trading volume of $4 million on Upbit with a 166.44% increase on the 1-hour chart. In Binance, the increase was lower at 38.89%.
  • Decentraland (MANA) reached $4 million in trading volume on Upbit with a 168.10% increase on the 1-hour chart.
  • Kava (KAVA) reached a trading volume of $5 million on Upbit with a 128.45% increase on the 4-hour chart.
  • StormX (STMX) reached $270 million in trading volume on Upbit with a massive increase of 199.62% on the 1-hour chart.

This unusual volume increase shows the intense interest of investors on Upbit in these altcoins. Because experts list the reasons behind this interest. Among these, he lists the increased risk appetite of investors as a priority reason. Additionally, he says, there is increased belief in altcoin projects and overall market sentiment is rising.

Investors need to be careful about risks

However, investors need to conduct detailed research before investing in these altcoins. It is also important that they consider the risks. Because market fluctuations are quite high and sudden declines occur. The following reasons may be behind altcoin volumes in South Korea surpassing Binance:

  • Increase in Interest in Cryptocurrency Investments in South Korea: South Korea is a country that is very interested in cryptocurrency investments. It has been observed that this interest has increased recently.
  • Upbit’s Reliability and User-Friendly Platform: Upbit is one of the largest and most reliable cryptocurrency exchanges in South Korea. It attracts the attention of investors with its user-friendly platform.
  • Increasing Faith in Altcoin Projects: Recently, faith in altcoin projects has increased. Investors believe that these projects will provide high returns in the long term.
  • Rising General Market Sentiment: General market sentiment has increased recently. Investors have a higher appetite for risk.

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