Bullish Trends Emerge in Cryptocurrency Market

加密货币市场出现看涨趋势

Following the November election results, the anticipated 2024 bull run has commenced, with Dogecoin (DOGE) and XRP leading the charge internationally. On-chain data from CoinGecko indicates that DOGE and Ripple's XRP have surpassed Bitcoin in certain Asian markets, particularly South Korea.

11 月选举结果公布后，预期的 2024 年牛市已经开始，狗狗币 (DOGE) 和 XRP 在国际上处于领先地位。 CoinGecko 的链上数据表明，DOGE 和 Ripple 的 XRP 在某些亚洲市场（尤其是韩国）已经超过了比特币。

In South Korean cryptocurrency exchanges like Upbit and Bithumb, trading volume for XRP and Dogecoin (DOGE) now significantly exceeds that of Bitcoin (BTC). This market frenzy has fueled a rapid surge in the prices of these two tokens within the cryptocurrency market.

在 Upbit 和 Bithumb 等韩国加密货币交易所，XRP 和狗狗币 (DOGE) 的交易量现在明显超过比特币 (BTC)。这种市场狂热推动了加密货币市场中这两种代币价格的迅速飙升。

Dogecoin and XRP Drive Memecoin Surge

狗狗币和 XRP 推动 Memecoin 激增

According to CoinGecko, XRP and DOGE accounted for up to 30% of trading activity on Upbit, South Korea's prominent cryptocurrency exchange, and over 20% on Bithumb over the past 24 hours. This is significantly higher than Bitcoin, the traditional leader, reflecting a surge in demand for these meme tokens within the country.

据 CoinGecko 称，在过去 24 小时内，XRP 和 DOGE 占韩国著名加密货币交易所 Upbit 交易活动的 30%，占 Bithumb 交易活动的 20% 以上。这明显高于传统领导者比特币，反映出国内对这些模因代币的需求激增。

However, some of this volume could potentially be attributed to wash trading, a practice involving automated programs that repeatedly trade a token to create an illusion of an active market.

然而，其中部分交易量可能归因于清洗交易，这种做法涉及自动化程序，反复交易代币以制造活跃市场的假象。

Upbit currently leads in XRP dollar trade volumes across all global exchanges in the past 24 hours, including Binance and Coinbase. Binance and Coinbase continue to hold the top positions for DOGE trading volumes globally.

目前，Upbit 在过去 24 小时内在全球所有交易所（包括 Binance 和 Coinbase）的 XRP 美元交易量中处于领先地位。 Binance 和 Coinbase 继续占据全球 DOGE 交易量的榜首位置。

Both coins have exhibited strong performance in recent weeks. Data shows that both tokens have appreciated by over 100% in the past 14 days, with their futures products reaching yearly highs.

这两种代币最近几周都表现强劲。数据显示，过去14天内，这两种代币的涨幅均超过100%，其期货产品创出年度新高。

US Regulatory Landscape Impacts Crypto Markets

美国监管环境影响加密货币市场

South Korean traders have a history of fueling bullish token rallies, contributing to buying pressure and influencing cryptocurrency prices.

韩国交易员有着推动看涨代币反弹、加剧购买压力并影响加密货币价格的历史。

XRP's recent gains commenced last week as the evolving regulatory environment in the United States boosted growth in tokens linked to businesses formerly hindered by Securities and Exchange Commission (SEC) actions.

XRP 最近的上涨始于上周，因为美国不断变化的监管环境促进了与先前受到证券交易委员会 (SEC) 行动阻碍的业务相关的代币的增长。

DOGE, meanwhile, has experienced a surge following a Republican victory in the United States, prompting renewed promotional efforts by tech magnate Elon Musk, who was designated to lead the proposed Department of Government Efficiency (D.O.G.E) non-governmental agency under the Trump administration.

与此同时，美国共和党获胜后，DOGE 的股价飙升，促使科技巨头埃隆·马斯克 (Elon Musk) 重新开展宣传工作，他被指定领导特朗普政府下拟议的政府效率部 (D.O.G.E) 非政府机构。

The surge in activity in South Korean markets could be a response to these developments in the United States. Analysts caution, however, that these coins may not sustain their high market positions, particularly if bots are influencing prices in Asian markets.

韩国市场活动的激增可能是对美国这些发展的回应。然而，分析师警告称，这些代币可能无法维持其较高的市场地位，特别是如果机器人正在影响亚洲市场的价格。