Dogecoin (DOGE) and Ripple (XRP) Are Making a Splash in the Korean Market

Dogecoin (DOGE) and Ripple (XRP) are gaining traction in the Korean market, as both coins have seen a surge in trading volume recently. According to data from CoinGecko, DOGE and XRP have accounted for 30% of trading volume on Upbit, and over 20% on Bithumb in the past 24 hours, surpassing Bitcoin. Both DOGE and XRP have increased in value by over 100% in the past two weeks.

The main driver of this surge may be related to changes in the political and regulatory landscape in the United States. XRP’s recovery coincides with a loosening of the regulatory environment in the US, while Dogecoin has also seen strong interest from the community, thanks to the support of prominent figures such as Elon Musk. However, experts also warn that this uptrend may not be sustainable, and there is a possibility of wash trading, which can create an illusion of real trading levels.