- South Korea chose XRP as their first preference over other cryptocurrencies.
- Ripple experienced an increase of over 1.72% in the last 24 hours.
Ripple (XRP), the world’s fifth-ranked cryptocurrency, has surpassed the leading altcoin as the most popular cryptocurrency in South Korea. According to the report, crypto traders in South Korea chose XRP as their first preference over other cryptocurrencies. On the other hand, Ripple has experienced a surge of around 2% in the past 24 hours.
South Korean crypto exchange Bitsum shared a report showing different age groups’ investment choices. Notably, traders in their 20s are the most active traders in the country. As per the report, XRP is the most popular cryptocurrency among this age group, with over 20% of people in the category opting for this token.
The crypto market has experienced significant growth and development over the past few years. The younger generation played an important role in the growth of the crypto market. A generational shift in preference shows the unique attributes and features that XRP brings to the table.
XRP Experiences Significant Growth in South Korea
According to the report, 82.5% of investors in their 20s were invested in altcoins. Among them, the most popular altcoin invested in was Ripple, with 20.7%. Moreover, with this, Ripple surpasses the crypto market’s leading players, Bitcoin and Ethereum. While these cryptocurrencies are significant players in the crypto market, XRP’s growth in South Korea boosts investor’s confidence.
Several factors contributed to the surge in Ripple’s activity. It includes XRP’s use cases, technological advancements, and strategic partnerships. Moreover, the most anticipated Ripple victory against the U.S. SEC has added more strength to the XRP position. Adding to that, XRP experienced a massive surge of around 60% after Ripple’s lawsuit victory.
At the time of writing, Ripple is trading at $0.5286, with an increase of over 1.72% in the last 24 hours. However, the daily trading volume of XRP has experienced a decline of over 18.29%, according to CoinMarketCap.
