• Over 30% of South Koreans now put money into crypto, with 15.59M holders in November.
• Crypto buying and selling quantity in South Korea now rivals inventory markets, with every day trades hitting 14.9 trillion gained.
• iDEGEN, an AI-powered coin that has raised $8.7M in its ongoing presale, is capturing buyers’ consideration.

In line with a latest report, South Korea’s cryptocurrency market is booming, with over 30% of the inhabitants now investing in digital property. The variety of crypto holders not too long ago surpassed 15 million, fueled by optimism following Donald Trump’s US presidential election victory.

Amid this surge, a brand new cryptocurrency, iDEGEN, has captured the eye of buyers, because of its progressive pricing mannequin and AI integration. Right here’s a more in-depth have a look at the traits reshaping the market.

South Korea’s cryptocurrency growth: information and figures

In line with information from the Financial institution of Korea, over 15.59 million people in South Korea held crypto property by the tip of November 2024, marking a rise of 610,000 buyers from the earlier month.

This rise coincided with a broader market surge, partly attributed to renewed optimism following the US election outcomes.

With a inhabitants of roughly 51.7 million, this implies greater than 30% of South Koreans are actually engaged within the crypto market.

This information was gathered beneath the Digital Asset Person Safety Act, which went into impact in July 2024. This act mandates that exchanges safeguard customers’ property, guaranteeing transparency and fostering belief within the digital forex ecosystem.

Key metrics underline this explosive development. Amongst them, the full crypto holdings surged to 102.6 trillion gained (round $78 billion) in November, a pointy rise from 58 trillion gained in October. Common holdings per individual additionally climbed to six.58 million gained, whereas deposits on exchanges almost doubled, reaching 8.8 trillion gained.

Trading exercise has been equally spectacular, with every day transaction volumes on the nation’s high 5 exchanges—Upbit, Bithumb, Coinone, Korbit, and Gopax—hitting 14.9 trillion gained rivalling South Korea’s inventory markets.

The rise in Bitcoin (BTC) costs additionally performed a pivotal function on this growth. By November’s finish, Bitcoin’s price had jumped from 105 million gained to 135.8 million gained, attracting new buyers and boosting confidence available in the market’s potential.

Amid South Korea’s crypto affinity, this memecoin has been making waves

Whereas established cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) dominate headlines, a newcomer, iDEGEN (IDGN), has emerged as a compelling possibility for buyers looking for high-growth alternatives.

Launched in November 2024, this AI-powered meme coin has raised over $8.9 million in its ongoing presale and has offered over 1.1 billion IDGN tokens, producing vital buzz inside the crypto group.

What units iDEGEN aside is its dynamic presale pricing mannequin, a characteristic hardly ever seen in conventional token launches.

The coin’s price adjusts each 5 minutes based mostly on market exercise—rising by 5% with consecutive purchases and dropping by 5% during times of inactivity. This mechanism not solely incentivizes engagement but in addition introduces a degree of unpredictability, making the coin significantly interesting to adventurous buyers.

As well as, iDEGEN integrates synthetic intelligence (AI), which additional enhances its attraction. The challenge’s AI leverages group suggestions on X (previously Twitter) to refine its improvement and utility. This adaptive method alerts that iDEGEN is extra than simply one other meme coin; it’s a challenge with potential for long-term development and real-world software.

With the presale set to conclude on January 1, 2025, with an anticipated itemizing price 10% greater than the ultimate presale price, early adopters stand to realize considerably.

As progressive tasks like iDEGEN seize investor consideration, the way forward for South Korea’s crypto panorama seems to be more and more vibrant and promising.