Finding the next coin that will make investors rich in a matter of months, weeks, even days is the new gold rush, especially in Asia, where cryptocurrencies have been popular these days.
But how do you find this lucky coin? Follow the buzz, measured by the premium between the price of different coins in Korea and the U.S. — known as “Kimchi Premium.”
That’s what happened to Ripple and Monero at some point, and more recently to EOS, which had a big run up recently. “EOS is currently trading for a premium in South Korea, not dissimilarly to the ‘Kimchi Premium,’” says Darren Marble, Crowdfund, “a phenomenon that occurred this past January and December in which cryptocurrencies were trading higher in South Korea than the global average.”
[Ed. note: Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment. Disclosure: I don’t own any Bitcoin.]
Cryptocurrencies and lottery games have a couple of things in common. One of them is that those who play them need a great deal of luck to get rich. Another thing is that both games are surrounded by a great deal of buzz, fueled by the prospect of big winnings.
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