[How is the domestic market today] Upbit with 3.2 trillion transactions... Strong theme is 'smart contract', 71 coins falling

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On Upbit's entire market, the daily trading volume from midnight to 6:06 PM on June 11th was 1.30 trillion won, and the cumulative trading volume for the recent 24 hours was 3.16 trillion won. The 24-hour trading volume decreased by 12.71% compared to the previous day.

Looking at the theme-based trading flow, trading was active in the 'Smart Contract Platform' and 'Infrastructure' areas.

In the Smart Contract Platform theme, Ethereum (ETH, -0.90%) and Solana (SOL, +0.95%) were noted as central assets. A (A, +7.44%) showed a prominent increase rate and led the strength within the theme, and SUI (+0.90%) also displayed an upward trend. In contrast, MOVE (-1.63%) and ARB (-2.08%) closed with a slight decline.

In the Infrastructure theme, Ravencoin (RVN, +5.37%) and Pocket Network (POKT, +3.79%) led the strength, and XRP (+1.39%) and ENS (+1.29%) also joined the upward trend. Meanwhile, AXL showed a poor performance at -5.16%.

In the Culture/Entertainment theme, BORA (+10.54%) recorded the highest increase rate and drew investors' attention. ANIME (-5.53%) and NXPC (-2.48%) showed a downward trend.

In the DeFi sector, AAVE (+0.55%) and USDT (+0.58%) slightly increased, while UNI (-3.63%) and COMP (-0.20%) showed weakness. In the meme coin sector, Dogecoin (DOGE, +2.39%) and Shiba Inu (SHIB, +0.49%) slightly rose, while PEPE (-1.22%) recorded a decline.

Number of rising and falling assets

Number of rising and falling assets / Upbit Data Lab

In the Upbit market, the trend of having more declining items than rising items continues. The number of rising and falling assets is -71, indicating that there were 71 more declining assets than rising assets.

The 7-day moving average also dropped by 13.71 points from the previous day, falling from 29.86 and somewhat dampening short-term rebound expectations. Overall, the market is showing limited fund inflows and sector rotation patterns amid a wait-and-see stance.

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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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