Key Points
- Following Trump’s election, there’s a significant pivot toward crypto-friendly policies in the US administration, with potential global implications as other countries like South Korea adopt similar stances.
- The altcoin market is showing strong momentum, with Korean retail trading volumes reaching $18 billion in 24 hours, while several cryptocurrencies like Tezos and Enjin Coin have doubled in value recently.
A comprehensive analysis by 10x Research, a leading digital asset research firm trusted by major hedge funds and institutional traders, reveals significant developments in the cryptocurrency market, with particular focus on emerging opportunities in the altcoin sector and notable shifts in global trading patterns.
Policy Shift and Global Impact
Trump’s upcoming administration signals a major shift toward crypto-friendly policies in the US, with seven weeks remaining until the inauguration. Early appointments already indicate a substantial change in regulatory approach. This shift is expected to influence global crypto regulation, with countries like South Korea already showing increased openness to cryptocurrency trading and development. The report suggests this could create sustained trading opportunities, particularly among smaller crypto tokens where alpha generation potential remains strong.
Trading Performance and Portfolio Analysis
The Trading Signals Model Portfolio has demonstrated remarkable performance, achieving a 133% increase. The system’s effectiveness is evidenced by several successful recent trades. Two notable successes include Tezos, which rose 96%, and Enjin Coin, which gained 91% – both identified through buy signals issued on November 16. The Enjin Coin opportunity was particularly noteworthy as a short-term trade, lasting just two weeks. Recent profitable closures from November trading include multiple Bitcoin positions (+26% and +30% from separate signals), IMX (+26%), and the aforementioned ENJ (+91%). The firm maintains its disciplined approach, utilizing proven models to identify patterns that have historically generated consistent returns.
South Korean Market Dynamics
The South Korean crypto market has experienced a significant surge in retail trading activity, reaching $18 billion in 24-hour volume – the second-highest level of the year and surpassing the local stock market’s $14 billion trading volume. The trading activity shows clear leadership from specific cryptocurrencies:
- Ripple (XRP): $6.3 billion in volume
- Dogecoin: $1.6 billion
- Stellar: $1.3 billion
- ENS: $0.9 billion
- HBAR: $0.8 billion
- Shiba Inu: $0.6 billion
Market Technical Analysis
A notable market divergence has emerged, with Bitcoin’s funding rate remaining relatively modest at 15% annualized while Korean retail trading volumes have surged to $18 billion. This divergence is one of the largest recorded, indicating that market momentum is concentrated in the altcoin sector. The report emphasizes the importance of maintaining a disciplined strategy to capitalize on these trends while managing risk appropriately. The combination of high trading volumes and sustained market activity suggests continued opportunities in the current environment.
