South Korea’s financial sector experienced a major blow after President Yoon Suk Yeol declared martial law on December 3, 2024. This announcement led to a stock crash, with the Bitcoin price dropping 30% and XRP losing half its value in the local markets. This shocking step by the President led to massive protests by the public, policymakers, and financial leaders.
Though the decision was reversed, the severity of the market downfall showed the fragility and vulnerability of the South Korean markets to any uncertain situation. This unrest also caused widespread panic in international markets, triggering around $900 million in liquidations in the crypto sector, especially in Ripple and other cryptocurrencies.
However, the quick reversal of the Martial Law decision and the public apology by President Yoon Suk Yeo stabilized the market again. Ripple (XRP) price also builds momentum in the market with a bullish pump in the 24 hours with fresh trader activity, highlighting a continued bullish trend as capital starts rotating into the altcoins.
Ripple (XRP) displays a bullish leg-up as the Korean Crisis has started to recover alongside local financial markets. According to Zhong Yang Chan, XRP has witnessed a 4 times higher volume than Bitcoin on South Korea’s largest exchange, Upbit. The 28% weekly surge for XRP shows a shifting spotlight on the bullish potential of Ripple during this bullish cycle.
Furthermore, the Ripple ecosystem undergoes ground-breaking advancements in the ledger and RLUSD stablecoin development. Worksport has also announced a corporate treasury strategy by Bitcoin (BTC) and Ripple (XRP) adoption. This trend is poised to trigger a bullish pump for the XRP price, predicted to launch past $3.5 by the end of 2024.
DTX Exchange (DTX) has attracted huge capital amid market revival as traders see its high growth potential this year after it introduced new Defi features and grabbed $9.6M in batch 6 presale. The project is one-in-a-kind with the capability to host diverse financial instruments across stocks, cryptos, equities, and forex all on its single trading platform.
The viral project boasts a hybrid trading model, including all the best features of centralized and decentralized marketplaces. With KYC-free onboarding and non-custodial Phoenix Wallet, traders can safeguard their assets and acquire complete ownership of their funds with a very low risk of compromisation or hacks.
Furthermore, DTX Exchange has made its mark in the blockchain sector by introducing ‘VulcanX’ which is the first-ever hybrid layer-1 blockchain. This key innovation shocked traders after 10,000 TPS record news made headlines. DTX Exchange also includes top features like quant and algo trading and 1000x leverage so traders can enjoy an end-to-end trading environment for maximum gains.
New traders actively participate in DTX Exchange’s presale as it provides massive growth opportunities with passive income, easy-to-use UI, and copy trading. DTX tokens can be acquired at $0.12 in the ongoing presale as experts predict this is a prime time to join the DTX Exchange’s community before the tokens pump 10,000% after the exchange listing.
South Korea's swift financial recovery from martial law turmoil has again breathed a soul into international markets with Ripple (XRP) surging ahead. While many altcoins demonstrate their potential, DTX Exchange (DTX) continues to capture attention with record-breaking inflows as it is all set to pump the highest after its anticipated Q4 listing.
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