[Coin Scan] Dogecoin Buying Focus, Mood Engine Rising… Analysis of Today's Top and Bottom Domestic Virtual Asset Coins

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As of May 19th at 12:30 AM, the domestic cryptocurrency market showed a mixed trend, with net buying and trading volume concentrated on specific major cryptocurrencies, and significant disparities between rising and falling assets. Investor sentiment is strongly influencing some altcoins. In the top net buying categories, XRP recorded the largest net buying volume on Upbit, demonstrating strong market buying pressure. Following this, BTC and Doge also showed high net buying numbers on Upbit, and on Bithumb, BTC and Doge continued the trend, suggesting concentrated interest from institutional and large investors. On the Bithumb market, MOODENG showed prominent strength, recording a significant price increase within a day and attracting investor attention. In the same market, WNCG also followed the upward trend with a substantial rise. Additionally, on Coinone, NEIRO and VOLT showed upward momentum, while MNDE experienced strong growth on Korbit. According to Bonanza Lab data, the altcoin uptrend appears to be forming with buying pressure concentrated on certain assets. Conversely, top declining assets emerged from somewhat marginalized cryptocurrency groups. On Korbit, OHM, NPT, and Amp experienced sharp declines, while on Coinone, LIT and Flux saw significant drops. The common characteristic of these assets is relatively low trading volume, making them vulnerable to volatility. In the top trading volume rankings, XRP on Upbit clearly led with the most active trading. BTC, ETH, and the recently strong MOODENG followed. These trading volume-concentrated assets serve as the market's central axis and a key indicator of investment sentiment. Synthesizing the top-performing assets, investor interest is concentrated on a limited number of cryptocurrencies, particularly pronounced on Bithumb. This suggests that expectations for thematic assets beyond traditional blue-chip assets remain valid. The current market shows an overall mixed trend, characterized by distinct buying pressure concentrated on specific asset groups. Investors should be cautious of short-term volatility and approach individual assets with more stable strategies.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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