Domestic coins are on the rise… Is Virtual Assets booming?

Input 2021.02.18 18:01

Liquid assets concentrated in real estate and stock markets are being transferred to virtual assets. As Bitcoin exceeds 60 million won, it leads the growth of altcoins. The domestic native coins, fueled by this, are also explosive growth. As the virtual asset market is in a booming period, one after another is analyzed that the outlook is bright.

According to related industries on the 18th, the prices of domestic virtual assets such as Paycoin, Clay, and Playdapp rose significantly within one day.

Danal Fintech’s Paycoin is a representative. It rose about 2000% in one day. According to Virtual Asset Exchange Upbit, Paycoin soared to 4155 won per piece in the morning of the 18th, and then traded at the level of 2800 won, down 13% at 3:30 pm. It is significantly different from the one that has recorded around 200 won since listing.

The day before, on the 17th, Danal Fintech announced that it will add a bitcoin payment system to the Paycoin app. The expectation that payments will be commercialized in bitcoin for the first time in Korea served as a driving force. Accordingly, it is expected that payments with bitcoin will be possible at more than 60,000 Paycoin affiliated stores in Korea that Paycoin has built so far. Paycoin affiliates are Dalkom Coffee, CU Convenience Store, and Domino’s Pizza.

The virtual asset’Clay’ created by the Kakao blockchain subsidiary’Ground X’also skyrocketed in one day. According to Coinone, a virtual asset exchange, as of 9 am on the 18th, Clay traded at 1275 won, up 45.2% from the previous day. In the morning of the previous day, it recorded 700~800 won.

Ground X’s announcement the day before seems to have affected the price. Ground X announced that it will issue a non-replaceable token (NFT)-based digital card issued by the stock management platform’Quota Book’ in its own digital asset wallet Klip.

Blockchain game platform Playdapp also rose more than 300%. Playdapp, which was close to the level of 180 won, traded at 750 won per piece as of 9 am on the day. Playdapp launches LINE blockchain-based game’Cryptodozer’ in the Japanese marketWhat I put out on it worked as a good thing.

Meanwhile, bitcoin, which is considered as a virtual asset leader, is looking at the 60 million won range. As of the afternoon of the 18th, it is trading at the level of 58 million won on Upbit. Tesla’s purchase of bitcoin and the review of the application of payment methods are rising to at least 1 million to 2 million won a day.

Reporter Kim Yeon-ji [email protected]

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