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Crypto

South Korea holds 30 percent of global crypto trading volume; why it favors altcoins

South Korea is re-emerging as an altcoin-focused trading hub in the global cryptocurrency market, with domestic exchanges showing a clear pattern of altcoins leading price formation and liquidity. Cryptopolitan reported that Korean exchanges account for about 30 percent of global trading volume, with roughly 85 percent concentrated in altcoins. The won-based market structure helps create independent liquidity in specific tokens, and activity in some names has coincided with jumps in global derivatives open interest.

Crypto

Enjin coin surges more than 300 percent from lows as active addresses rise but overheating signs emerge

Enjin coin (ENJ) has risen more than 300 percent in April, showing one of the sharpest rebounds in the altcoin market. ENJ is testing the $0.07332 level, cited as a key resistance and a long-term Fibonacci retracement. Trading volume climbed to the highest level in about a year, while on-chain data showed limited exchange inflows and a jump in daily active addresses to 920. Indicators also showed overheating signals, including an RSI of 93.3.