Dogecoin Frenzy Arrives In Korea: ‘Kimchi Premium’ Returns Amid DOGE’s 110% Rally
Dogecoin (DOGE) surged 116% over the past week, leading the crypto market and briefly surpassing global exchange prices in South Korea. The token's trading volume increased by 157%, rising from below $0.20 to above $0.40. In South Korea, DOGE achieved a 24-hour trading volume of $10.6 billion on Upbit, becoming the top-traded token with 32.4% of total volume, surpassing Bitcoin. Global trading volume reached $22 billion, with Upbit accounting for 20.7%. The "Kimchi Premium" emerged, with DOGE/KRW prices briefly exceeding DOGE/USDT prices on Binance by 1.5%. Analysts predict a bullish trend for DOGE, suggesting potential movement towards new all-time highs, with forecasts indicating a possible rise to $1 based on historical patterns. Currently, DOGE trades at $0.42, reflecting a 9.7% daily and 114% weekly increase.
