Have you ever wondered how those "zombie coins" that have been dormant in the market for a long time suddenly came back to life? Isn't it said that the bull market should focus on new coins instead of old ones? Why are XLM, HBAR and other coins you have never heard of inexplicably rising in price?
Don’t worry, we will reveal the truth behind this to you today!
First, let's take a look at who is buying these "zombie coins"? The answer is simple: "institutional buying" led by the United States and "retail buying" led by Japan and South Korea. Today, we want to focus on the power of Korean aunts!
According to Korean media reports, on the active Crypto trading platforms Upbit and Bithumb in South Korea, the number of user accounts over 60 years old has increased by 30.4% compared with the previous bull market, reaching an astonishing 770,000 accounts! These Korean aunts not only hold 6.760 trillion won in cryptocurrency assets, but the per capita investment is as high as 8.72 million won. They have withdrawn their bank deposits and invested in the cryptocurrency circle, determined to get a share of this bull market!
So, what coins did they buy? Looking at the Upbit trading volume list, you will find that BTC is only a "little brother" here. XRP's trading volume is more than 10 times that of BTC, and XLM (Stellar) and HBAR (Hedera), which are rarely seen in the Chinese-speaking world, are also on the list.
You may ask, what are the origins of these coins? Don’t worry, Mlion will reveal them to you one by one!
Ripple's Ripple Net is a global payment network that connects banks and payment providers, designed to facilitate secure and near-instant cross-border transactions. Hedera Hashgraph uses a novel algorithm to achieve high scalability, security, and fairness levels, providing a foundation for the creation and deployment of decentralized applications in all walks of life. The Stellar network facilitates cross-border transactions by enabling seamless value exchange between different currencies through the Lumens (XLM) cryptocurrency.
In addition, projects such as ENS and Sandbox have also been favored by Korean aunts. ENS is the Ethereum domain name service, which allows users to purchase secure, private, and anti-censorship .eth domain names; while Sandbox is a metaverse game platform where users can create and share encrypted assets and games through Sand.
After reading this, have you suddenly realized it? It turns out that the resurrection of these "zombie coins" is supported by the strong purchasing power of Korean aunties! So why do Korean aunties choose these coins? What kind of bull market logic is hidden behind this?
In fact, the logic of this bull market is fundamentally different from that of the first half of this year. The first half of the year was bullish for ETFs, and the market followed the hype of hot topics such as meme and AI; while the second half of the year was compliance bullish after Trump came to power, and all the hype was compliant assets. The tokens that skyrocketed this time are mainly in compliance with ISO 20022 compliance standards. ISO 20022 is a standard for electronic data exchange between financial institutions, and tokens that meet this standard will be used first for international payments.
Therefore, we can see that tokens that meet the ISO 20022 standard, such as IOTA, Algorand, and Cardano, have seen a surge in prices. Korean aunts, with their keen market sense and strong purchasing power, have become a force that cannot be ignored in this bull market.
However, when these coins have exploded 5 times, when will it end? Perhaps the answer is hidden behind the Korean aunties. According to the daily trading volume data of Upbit Altcoin, the recent trading volume has reached the peak of the March bull market. This indicates that the peak of the stage may be coming soon.
Mlion friends, in this great retreat of the bull market, we must always remain vigilant and rational. Don't blindly follow the trend of rising and falling, but make wise decisions based on your risk tolerance and investment goals. In this ever-changing market, it is crucial to seize the opportunity. To quickly grasp the market dynamics and accurately predict the trend of currencies, MLion (please visit: 🤖👉mlion.ai) will become your indispensable investment assistant!
As a leading AI investment and research platform in the Web3 field, MLion integrates real-time news and AI language models to provide you with in-depth market analysis and unique insights. In particular, its AI currency price prediction function uses advanced algorithms to accurately predict currency trends, helping you make wise decisions when the market changes.
In addition, MLion's new feature ML SWAP provides a one-stop cross-chain exchange service, supports more than 40 plug-in wallets, and easily conducts cross-chain transactions, solving the cross-chain problem of contract chains that traditional cross-chain bridges cannot complete. Whether you are a newcomer or an experienced investor, MLion can escort your transactions and help you seize the biggest opportunities in the meme coin craze.
For SWAP cross-chain exchange, please visit: mlion.ai
For more news analysis, real-time price analysis and prediction, and SWAP cross-chain exchange, please visit: 🤖👉mlion.ai
The above content is for information sharing only and does not constitute any investment advice! Investment is risky, so be cautious when entering the market!
Follow me and I will share more market information with you every day.#DOGEbullish sentiment soars#PNUTrises#Whenwill BTC break 90,000?#Marketreversing Do you have a shopping list?
