Editor's PiCK
Will regulations be eased after the presidential election...Kimchi coins show intraday gains
Summary
- It was reported that some domestic virtual assets known as Kimchi Coins are showing intraday upward trends due to expectations of regulatory easing after the presidential election.
- It was stated that investment sentiment is strengthening as presidential candidates are presenting crypto-friendly policies.
- Bloomberg News predicted that regardless of the election outcome, there will be a positive impact on the Korean virtual asset industry.
Some domestic virtual asset (cryptocurrency) projects, commonly called 'Kimchi Coins', are showing intraday gains. This is interpreted as strengthened investor sentiment due to expectations for regulatory easing following the early presidential election.
As of 12:22 PM (Korea time) on the 3rd, according to the domestic virtual asset exchange Bithumb, Nexpace (NXPC) is trading at ₩1,977, up 5.89% from the previous day. At the same time, XPLA (+2.93%), Sonic (+1.94%), and Story (+1.04%) are also showing strength during the session.
It is analyzed that investor sentiment towards these virtual assets has strengthened due to the expectation that regulations related to domestic virtual assets will be eased after the presidential election.
Bloomberg News predicted that whoever is elected in today's presidential election will be a boon for Korea's virtual asset industry. This is because leading presidential candidates Lee Jae-myung of the Democratic Party of Korea and Kim Moon-soo of the People Power Party have previously announced crypto-friendly policies during their election campaigns.
In addition, Lee Jun-seok, the Reform New Party candidate, who consistently ranked third in polls, also stated his intention to work toward the legalization of domestic P2E games.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
