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RE: Why has Hive fallen?

in Proof of Brain3 years ago

I realized that the price of Korean currencies is totally different from the rest, I think that only a resident of Korea can buy and sell with krw... I think there is a bot to balance the price on exchanges but the coinmarketcap is excluding the average price of Korean pairs...

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Yes. Long after I noticed this, I found out the term applied to it is called the "kimchi premium". It has nothing to do with kimchi perse, but kimchi has everything to do with Korea and vice versa.