The presidential election in South Korea is shaping up to be bullish for crypto, with both leading candidates waving the pro-crypto flag. This is good news for cryptocurrencies and crypto wallets alike.<\/p>\n
It\u2019s been six months of political turmoil since South Korea\u2019s parliament voted to impeach former President Yoon Suk Yeol<\/a> following his attempt to impose martial law in December last year. Just two weeks later, Yoon\u2019s replacement \u2013 acting-President Han Duck-soo \u2013 was also impeached.<\/p>\n Tomorrow, however, voters will head to the polls to decide whether frontrunner Lee Jae-myung<\/a> (Democratic Party) or his main rival Kim Moon-soo<\/a> (People Power Party) will be the next president of South Korea. Regardless of who\u2019s voted into power, crypto wins.<\/p>\n Both Lee and Kim have pledged to expand the nation\u2019s digital assets market and bridge the divide between crypto and traditional finance. This includes legalizing and promoting spot crypto ETFs<\/a> to enable Bitcoin and other digital assets to be listed on South Korea\u2019s stock market.<\/p>\n Both also support the idea of a Korean won-backed stablecoin and easing regulations to curb reliance on foreign currencies and stabilize the financial system.<\/p>\n Lee, meanwhile, is pushing for South Korea\u2019s $884B national pension fund to be free to allocate part of its portfolio to crypto assets.<\/p>\n According to local news agency Yonhap<\/a>, 32% of South Koreans \u2013 16M+ people \u2013 are active in the crypto market, with daily trading volumes on crypto exchanges sometimes exceeding the country\u2019s major stock indexes.<\/p>\n With institutional adoption, regulatory reform, and mainstream access on the cards, there will only be a greater demand for crypto wallets in South Korea, as around the world.<\/p>\n Currently valued at $11.52B, the global crypto wallet market is forecast to grow<\/a> at a CAGR of 23.5% to $32.8B by 2030.<\/p>\n Growing crypto adoption worldwide will undoubtedly work in top hot wallets<\/a> like Best Wallet\u2019s favor.<\/p>\n Best Wallet<\/a> plans to dominate 40% of the global crypto wallet market by the end of next year, and to prime the pump, it\u2019s launched its own native token \u2013 $BEST.<\/a><\/p>\n The Best Wallet app is a free, mobile-first, user-friendly, anonymous crypto wallet. <\/a><\/p>\n Armed with Fireblocks\u2019 MPC-CMP technology<\/a>, access to 50+ blockchains, and enabling seamless cross-chain swaps, Best Wallet is among the top software wallets<\/a> on the market today.<\/p>\n\n The Best Wallet Token ($BEST) <\/a>drives the Best Wallet ecosystem and delivers exclusive perks for $BEST holders. These include lower transaction fees, higher staking rewards, and exclusive early access to the best presales<\/a>.<\/p>\n The Best Wallet Token presale has raised nearly $13 million already, and today, $BEST costs $0.025115. As it\u2019s a presale, though, its price will increase at regular intervals. Staking is available at a current dynamic rate of 111%. Check out our $BEST price prediction<\/a> for what the future could hold for this new token. In short, if Best Wallet makes good on its goals, spurred on by growing crypto adoption in South Korea, the US, and the rest of the world, $BEST<\/a> could easily do 10x.<\/p>\n To get in at its current early-bird presale price, our full guide to buying $BEST<\/a> has everything you need to know.<\/p>\n All eyes will be on South Korea tomorrow as voters head to the polls. However, whether Lee or Kim comes out on top, crypto is the big winner. And that\u2019s exciting news for the entire crypto market, from Bitcoin to $BEST to some of the best crypto wallets.<\/a><\/p>\n A reminder, though, knowledge is power when it comes to investing. Be sure to DYOR \u2014 We know a lot about crypto, but we\u2019re not financial advisors.<\/p>","protected":false},"excerpt":{"rendered":" The presidential election in South Korea is shaping up to be bullish for crypto, with both leading candidates waving the pro-crypto flag. This is good news for cryptocurrencies and crypto wallets alike. It\u2019s been six months of political turmoil since South Korea\u2019s parliament voted to impeach former President Yoon Suk Yeol following his attempt to […]<\/p>\n","protected":false},"author":0,"featured_media":70935,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-70934","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/70934"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=70934"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/70934\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/70935"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=70934"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=70934"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=70934"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Rival Leaders Agree on One Thing<\/h2>\n
Ripple Effects Of South Korea\u2019s Growing Crypto Adoption<\/h2>\n
Could $BEST Beat the Rest?<\/h2>\n
\nOnce the presale ends, $BEST plans to list on DEXs, followed by CEXs, which should drive up its price considerably, so staking now could multiply your gains.<\/p>\nA Vote for Crypto<\/h2>\n