HomeAltcoinsWhile Great Volatility Persists in Bitcoin, There Are Unusual Surges in the...

While Great Volatility Persists in Bitcoin, There Are Unusual Surges in the Trading Volumes of 5 Altcoins in South Korea

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During a day when Bitcoin’s value was changing a lot, Upbit, the biggest cryptocurrency exchange in South Korea, noticed that some alternative coins were being traded a lot more than usual.

The trading volume for The Graph (GRT) went up a lot on the 4-hour chart. On Upbit, the average trading volume for every 4 hours went up from $30 million to $55 million, which is an increase of 81. 86% However, volume on Binance went up from an average of $26 million to $37 million, which is a 42. 28%

PlayDapp (PDA) trading on Upbit increased by 340. 04% in just one hour. The trading volume went up from $19 million to $85 million. However, the amount of trading on Binance went down by 62. 79%, from an average of $2 million to $738,000.

Ethereum Classic (ETC) also had a big increase in the number of transactions. On Upbit, the average amount of trades in one hour increased by 269. 45%, from $106,000 to $390,000. On Binance, the amount of trading increased by 38. 35%, from an average of $77,000 to $106,000.

Avalanche (AVAX) trading on Upbit increased by 84. 06% in four hours, from $417K to $768K. The amount of trading on Binance went up by 42. 94%

At the same time, the trading volume of Bitcoin Gold (BTG) went up by 170. 78% in just one hour on Upbit, rising from about $29,000 to $78,000. However, the amount of trading done on Binance decreased by 28. 60% from an average of $27,000 to $19,000.

This is not a suggestion for investing money.

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