As of 0:30 AM on the 16th, the domestic cryptocurrency market shows a mixed trend with significant temperature differences between major cryptocurrencies, with some notable surges while some assets continue to decline.
USDT topped the net buying list on both Bithumb and Upbit, indicating a focus on stable cash assets. Bitcoin (BTC) also ranked high in net buying, showing a preference for major safe-haven assets. This can be interpreted as investors adopting a conservative strategy to avoid market instability.
Ardor (ARDR) stood out with high growth rates on both Upbit and Bithumb, attracting investor attention. Particularly on Upbit, the rise was prominent and analyzed as a rebound after strong selling pressure. Additionally, Frax Share (FXS) traded on Coinone showed a meaningful increase, driving the market mood. Overall, some altcoins saw buying pressure, continuing a short-term rebound trend.
Among declining cryptocurrencies, CVX, Assemble Protocol (ASM), and Enapter (NPT) experienced significant drops. These cryptocurrencies primarily declined on Coinone, potentially influenced by supply distortions or low trading volumes. CVX, in particular, showed a temporary price volatility and topped the decline list. This could be due to overall market sentiment contraction rather than individual factors.
In trading volume, Aergo (AERGO) was most actively traded on Upbit, followed by XRP, ARDR, Alchemypay (AQT), and VeChain Token (VTHO). Notably, ARDR's simultaneous price increase and trading volume demonstrated the strength of its upward momentum. According to Bonanza Lab data, this trading concentration reflects a market trend strongly pursuing short-term profit.
Below are the top 5 cryptocurrencies by growth rate.
| Cryptocurrency | Price | Change Rate | Exchange |
|---|---|---|---|
| FXS | 4110 | 64.4 | coinone |
| ARDR | 118.6 | 40.7 | upbit |
| ARDR | 118.0 | 39.3 | bithumb |
| OM | 1191.0 | 34.7 | coinone |
| DIMO | 102.9 | 34.2 | korbit |
Currently, the domestic cryptocurrency market shows short-term buying pressure on some assets, but a defensive trend centered on cash assets and major cryptocurrencies prevails. Despite some surging cryptocurrencies, an overall optimistic atmosphere has not yet formed, requiring a stable strategy considering market volatility rather than reckless chasing.
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