The average daily trading volume of South Korea’s top crypto exchanges has surpassed the stock market. Is the future of Muso blockchain token coming?
Yesterday, the token market of South Korean went viral. It turned out that the trading volume of its token market exceeded the total daily average trading volume of its stock market. According to relevant data, the total 24-hour trading volume of mainstream crypto exchanges in South Korea exceeds $14.6 billion. Last Friday, the trading volume of South Korea’s KOSPI and KOSDAQ did not exceed the trading volume of mainstream crypto exchanges.
As an important part of the Asian economy, South Korea reflects the state of the Asian economy all the time. The increase in trading volume in the Korean cryptocurrency market also means an increase in the increase in trading in the entire Asian cryptocurrency market. At the same time, it also reflects the sentiment of the entire capital market towards the cryptocurrency market.
Based on the analysis, there are three main reasons for the hot cryptocurrency market: one is that the rise of tokens led by Bitcoin, which has allowed many users to see the opportunity to earn value dividends; the other is the massive entry of Musk and Wall Street giants, which has brought many liquid funds to the cryptocurrency market; and the official implementation of the US economic relief bill that caused a portion of the funds to flow into the cryptocurrency market, prompting a boom in the cryptocurrency market.
The competitiveness of the cryptocurrency market has also led to market competition by major blockchain projects. Many blockchain projects have entered the market one after another, hoping to make a profit in this boom. However, this has also led to the confusion of the cryptocurrency market, which is difficult to distinguish between authentic and fake projects. If users are not careful, they are likely to be targeted by these fake blockchain projects and eventually lose their money.
Take the popular Muso blockchain as an example. Although it claims to be regulated by the United States, the license cannot be queried; it claims to be legally operated, but there is no official website available. Therefore, how can the tokens issued by such a blockchain project have value? It will be extremely speculative, the bubble will be large, it will not be able to bear any risks and will most likely collapse or run away. With that, the Muso blockchain token has no future value.
Compared with Muso blockchain, the compliance of the NGK blockchain is perfect. It does not rely on empty words, but the supervision number of the license can be queried on the MSB official website. In addition, the NGK blockchain is also supervised by dual foundations, so it is more compliant. In terms of token, NGK tokens, BGV, SPC and VAST issued by the NGK blockchain can all be used for commercial application, so they have extremely high value and each token is worth holding for a long time.
