The latest report from 10X Research shows that there has been a significant change in trading activity since Trump's election. Although there are still seven weeks until his inauguration, early appointments have already indicated a major shift towards crypto-friendly policies in the U.S. We expect this trend to continue and potentially expand trading opportunities.
Other governments, especially South Korea, are also taking a more favorable stance towards cryptocurrencies. As the U.S. trends towards establishing (or loosening) cryptocurrency regulations, it is expected that the world will follow this trend, ushering in a widespread crypto-friendly atmosphere. Alpha tokens in smaller cryptocurrencies may continue to grow.
Retail trading volume in the South Korean cryptocurrency market surged to $18 billion in the past 24 hours, marking the second-highest trading volume this year, surpassing the local stock market's $14 billion volume. Ripple (XRP) ranked first with $6.3 billion in trading volume, followed by DOGE ($1.6 billion), XLM ($1.3 billion), ENS ($900 million), HBAR ($800 million), and SHIB ($600 million). These highly volatile cryptocurrencies are primarily driven by retail traders, leveraging and reinforcing momentum-based trends.
We see that Bitcoin's funding rate is relatively mild, annualized at 15%, while South Korea's retail trading volume has skyrocketed to $18 billion, creating a historic disparity. Clearly, the current market focus is on altcoins.

#XRP #DOGE