- Recent data shows that four lesser-known cryptocurrencies have been experiencing increased trading volumes on South Korean exchanges, suggesting a bullish trend for these coins.
New data reveals that four not-so-popular cryptocurrencies are getting more trading activity on South Korean exchanges, which could mean that there is optimism around these coins. The four coins are QuarkChain (QKC), Aptos (APT), Loom Network (LOOM), and Pundi X (PUNDIX), and they are seeing considerable spikes in trading volume, which is attracting attention from those interested in crypto trading.
At Upbit, the average trading volume of QKC in 50 one-hour units was $3 million, but it ended up being $14 million, which is 392.89% higher. But on Binance, the average trading volume in 50 one-hour units was 716 thousand, but it ended up being 95 thousand, which is -86.77% lower.
APT saw a significant increase in volume on Upbit as well. Its average 4-hour volume for 50 time intervals was 202,000, but the final volume was 1 million, indicating a percentage change of 439.99%. However, on Binance, the average 4-hour volume for 50 time intervals was 714,000, and the final volume was recorded as 802,000, showing a percentage change of 12.28%.
For LOOM, the average hourly trading volume on Upbit was 7 million, but it rose to 25 million in the final recorded volume, indicating a 246.12% increase. Meanwhile, on Binance, the average hourly trading volume was 319k, and the final recorded volume was 456k, indicating a percentage change of 42.79%.
PUNDIX also had an unexpected increase in trading volume on Upbit. The average volume over the last 50 one-hour periods was 100,000, but the final recorded volume was 305,000, which is a 204.19% increase. However, on Binance, the average volume of 50 one-hour periods was 17,000, but the final recorded volume was only 8,000, indicating a 54.50% decrease.
