The altcoin (virtual assets excluding Bitcoin) market is skyrocketing. As global trade tensions gradually ease, it is interpreted that investor sentiment towards the virtual asset market has also improved.
According to data from CoinMarketCap, a global virtual asset market tracking site, as of 9 a.m. on the 11th, the price of Ethereum is trading at $2,578 (approximately 3.61 million won). This is a 9.96% increase compared to the previous day. Compared to a week ago, it has risen by 40.63%. At the same time, Dogecoin, regarded as a representative of meme coins, is trading at $0.25 (approximately 350 won), up 21.78% from the previous day, and has increased by 42.24% compared to a week ago. Additionally, Ripple rose by 5.42% and Solana by 3.20% compared to the previous day, indicating a favorable trend in the altcoin market.
Recently, as the United States and the United Kingdom signed a trade agreement, signs have emerged that U.S.-originated trade tensions are easing, which is interpreted as a recovery in investor sentiment in the virtual asset market. Furthermore, Ethereum recently implemented a significant upgrade named 'Pectra,' which seems to have attracted investment demand following this upgrade. The Pectra upgrade aims to reduce transaction fees and enhance network efficiency.