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Dogecoin Surges in Korea Amid Musk and Trump Influence

1 min read
Source: NewsBTC
Dogecoin Surges in Korea Amid Musk and Trump Influence
Photo: NewsBTC
TL;DR

Dogecoin (DOGE) has surged 116% over the past week, leading to a significant trading frenzy in South Korea, where the 'Kimchi Premium' has re-emerged. This premium refers to the price gap between South Korean and global exchanges, with DOGE trading higher on Korean platforms like Upbit and Bithumb compared to Binance. The memecoin's trading volume has spiked, with Upbit accounting for 20.7% of global DOGE trades. Analysts suggest DOGE could reach new all-time highs, potentially hitting the $1 mark soon.

Topics:businesscryptocurrency#crypto-market#cryptocurrency#dogecoin#kimchi-premium#south-korea#trading-volume
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  1. Dogecoin Frenzy Arrives In Korea: ‘Kimchi Premium’ Returns Amid DOGE’s 110% Rally  NewsBTC
  2. Dogecoin spikes after Trump announces a Department of Government Efficiency — DOGE  CNBC
  3. Dogecoin soars after Trump's Elon Musk announcement: What to know about the cryptocurrency  USA TODAY
  4. The 'Doge' dog meme that Elon Musk loves, explained in 1 minute  Business Insider
  5. Dogecoin Is Outperforming Bitcoin. It’s a Musk, Trump Thing.  Barron's

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