Summary
- Nexpace reportedly surged 14.51% intraday, influenced by the early presidential election held the previous day.
- It was stated that all presidential candidates pledged crypto-friendly policies, which was a positive factor for the coin industry.
- With candidate Lee Jae-myung elected as the 21st president, investor sentiment for Nexpace has reportedly been stimulated.
Nexon's virtual asset (cryptocurrency) project Nexpace (NXPC) is experiencing a steep intraday rise. This is believed to be due to the early presidential election held yesterday.
As of 8:45 a.m. KST on the 4th, Nexpace is trading at ₩2,154 on the cryptocurrency exchange Upbit, up 14.51% from the previous day.
Nexpace is the blockchain subsidiary of the Korean company Nexon. It is analyzed that the background for Nexpace's upward movement is related to the early presidential election held yesterday.
Bloomberg assessed that whoever is elected president, it would be favorable for Korea’s coin industry. During the election period, all leading candidates pledged to implement crypto-friendly policies.
Meanwhile, in the early presidential election held yesterday, candidate Lee Jae-myung of the Democratic Party of Korea won with a final vote share of 49.42%, becoming the 21st President of South Korea.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
