Currently, more than 30% of South Koreans are investing in cryptocurrencies, with 15.59 million holders as of November. Currently, South Korea's virtual currency trading volume is comparable to that of the stock market, with daily trading volume reaching 14.9 trillion won. iDEGEN is an AI-powered coin that has attracted investor attention after raising $8.7 million in an ongoing pre-sale.
According to recent reports, South Korea's cryptocurrency market is rapidly growing, with more than 30% of the population currently investing in digital assets. The number of crypto holders recently exceeded 15 million, buoyed by optimism after Donald Trump's victory in the US presidential election.
Amid this surge, the new cryptocurrency iDEGEN has attracted the attention of investors thanks to its innovative pricing model and AI integration. Here we take a closer look at the trends that are reshaping the market.
South Korea's crypto boom: facts and figures
Added: According to data from the Bank of Korea, by the end of November 2024, more than 15.59 million individuals held crypto assets in South Korea, an increase of 610,000 investors from the previous month.
The rally coincided with broader market gains, due in part to renewed optimism following the U.S. election results.
With a population of approximately 51.7 million, this means over 30% of Koreans participate in the cryptocurrency market.
This data was collected under the Virtual Asset User Protection Act, which came into effect in July 2024. The law requires exchanges to protect users' assets, ensure transparency, and foster trust in the digital currency ecosystem.
Key indicators highlight this explosive growth. Of this amount, total holdings of virtual currencies surged to 102.6 trillion won (approximately $78 billion) in November, a significant increase from 58 trillion won in October. The average holding amount per person also increased to 6.58 million won, and the balance of deposits on exchanges almost doubled to 8.8 trillion won.
Trading activity was equally impressive, with the daily trading volume of the country's top five exchanges (Upbit, Bithumb, CoinOne, Corbit, and Gopax) reaching 14.9 trillion won, comparable to the Korean stock market.
Rising Bitcoin (BTC) prices also played a pivotal role in this boom. By the end of November, Bitcoin's price had jumped from 105 million won to 135.8 million won, attracting new investors and increasing confidence in the market's potential.
This meme coin is becoming a hot topic among Korean crypto-currency enthusiasts.
While established cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH) dominate the headlines, newcomer iDEGEN (IDGN) has emerged as an attractive option for investors looking for high-growth opportunities. I'm doing it.
Launched in November 2024, this AI-powered meme coin has raised over $8.9 million in an ongoing pre-sale, sold over 1.1 billion IDGN tokens, and created a huge buzz within the cryptocurrency community. .
What sets iDEGEN apart is its dynamic pre-sale pricing model, a feature rarely seen in traditional token launches.
Coin prices adjust every 5 minutes based on market activity, increasing by 5% on consecutive purchases and decreasing by 5% during periods of inactivity. This mechanism fosters engagement and provides unpredictability, making this coin particularly appealing to adventurous investors.
Additionally, iDEGEN integrates artificial intelligence (AI) to further enhance its appeal. The project's AI leverages feedback from the community on X (formerly Twitter) to refine its development and utility. This adaptive approach shows that iDEGEN is more than just a meme coin. This is a project with potential for long-term growth and real-world applications.
The presale is scheduled to end on January 1, 2025, and the expected listing price is 10% higher than the final presale price, giving early buyers a significant profit.
The future of South Korea's crypto industry looks increasingly vibrant and promising as innovative projects like iDEGEN attract investors' attention.
