The Korean retail capital strengthens the price of ETH, Ether Treasuries: Samson MOW

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According to Samson MOW, CEO Bitcoin Technology Bitcoin Technology Company Bitcoin Technology Company Bitcoin Technology Bitcoin Technology Company Price Ether (ETH) Ether prices (ETH) and the ether at their current levels is about $ 6 billion, there are about $ 6 billion.

“The influence of Eth is flying to South Korea only to the market for retail. postwarning that it will “not end well”.

Source: Samson mow

Upbit and Bithumb are the two main centralized stock exchanges (CEX) used by South Korean retail traders.

Looking at the data of Futures contracts, UPIBT took 10. As for the size of CEX in terms of trade in Futures Ether, with a volume of turnover worth $ 1.29 billion in the last week, according to Couminggass data.

Cexs by Ethereum Futures Trading Volume. Source: Coumingss

Trade in cryptures usually exceeds the volume of point trade, and therefore has a greater impact on the price of base assets.

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Ether “Kimchi Premium” signals the growing Korean involvement of retail investors

“Premium Kimchi” Ether, when the price of cryptocurrency is higher on South Korea exchanges than on other stock exchanges, also signals the growing demand from Korean retail investors.

According to Blockchain, Data Premium Ether’s Kimchi increased to 1.93 on Sunday, compared to -2.06, when Ether trading below 2,959 USD Cryptochant.

Ethereum: Korea Premium Index, every year. Source: Cryptochant

This indicator measures the price gap of the ether between South Korea and other exchanges.

Korean retail investors are significant participants in the cryptocurrency market, which reflects Ether’s Kimchi Premium, according to Marcin Kazmierczak, co -founder of Blockchain Oracle Redstone.

However, Kazmierczak said that this is only a fraction of the general shoots of ether.

“Characterizing them as the main support for Ethereum significantly disappears the diverse global capital base, which includes significant institutional investments in the US through ETF, corporate treasures and a huge DEFI ecosystem that is based on ETH.”

Kazmierczak added that the force of Ethereum is “nature without borders”, combining Korean retail and global institutional participation.

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MOW’s observations appear because many other industry observers questioned the sustainable development of Ether tax companies.

In September, the founder of the mechanism’s capital Andrew Kang criticized the founder of Bitmine, Tom Lee, arguing that he overstated the degree of calculation of the ether from toketenization Stablecouins and real assets (RWA).

Source: Andrew Kang

“The valuation of Ethereum is primarily due to financial illiteracy., Which, to be forthright, can create a decent gigantic market capitalization,” Kang said during September 24, X postAdding that “a valuation that can be obtained from financial illiteracy is not infinite.”

While the “wider macro liquidity” has maintained a price momentum, he needs a “sedate organizational change” to save her from “indefinite worse results,” Kang said.

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