10X Research: South Korean crypto market retail transactions surge, counterfeit products are now the focus of the market

The latest report from 10X Research shows that trading activity has changed significantly since Trump's election. Although his inauguration is still seven weeks away, the early appointments already indicate a major shift towards crypto-friendly policies in the US government. We expect this trend to continue and potentially expand trading opportunities.
Other governments, notably South Korea, are also taking a more crypto-friendly stance. As the US moves towards regulation (or deregulation) of cryptocurrencies, expect the world to follow this trend and usher in the popularity of crypto-friendly atmosphere. Alpha tokens in smaller crypto tokens are likely to continue to grow.
Retail trading volume in the South Korean cryptocurrency market has surged to $18 billion in the past 24 hours, setting the second highest volume of the year and surpassing the $14 billion volume in the local stock market. Ripple (XRP) ranked first with $6.30 billion in trading volume, followed by DOGE ($1.60 billion), XLM ($1.30 billion), ENS ($900 million), HBAR ($800 million) and SHIB ($600 million). These highly volatile cryptocurrencies are driven primarily by retail traders, capitalizing on and reinforcing momentum-based trends.
We see a relatively modest 15% annualized rate for Bitcoin funds, while South Korea's retail trading volume has soared to $18 billion, a record difference. Clearly, the current market focus is on counterfeit products.