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A recent survey reveals a significant change in the preferences of South Korean cryptocurrency investors. Conducted with 5,225 participants between December 24-26, 2024, Bitcoin (BTC) 
$102,196 retains its top position, while Ripple 
$2’s XRP has remarkably surpassed Ethereum (ETH) 
$2,554 to claim second place. The survey was executed by The POL, a blockchain-based platform.
Bitcoin Remains the Favorite
Bitcoin continues to be the primary choice for South Korean cryptocurrency investors. The leading cryptocurrency’s sustained dominance in the market reflects its reliability and widespread usage, influencing investor confidence.
Ripple‘s XRP, on the other hand, has overtaken Ethereum, indicating a growing interest among South Korean investors. Participants noted that they favor XRP due to its fast transaction capabilities and innovative blockchain technology.
Complete List of Popular Cryptocurrencies in South Korea
Ethereum, the largest altcoin, remains in third place despite ongoing updates and its impact on decentralized finance (DeFi) projects. Analysts find it surprising that Ethereum is lagging behind XRP.
The cryptocurrency market displays a dynamic structure, reflecting rapid shifts in investor behavior. Experts suggest that XRP’s rise over Ethereum in South Korea indicates unique market trends that differ from global patterns.
The survey results list the top five cryptocurrencies favored by South Korean investors as follows: Bitcoin, XRP, Ethereum, Dogecoin 
$0.22699 (DOGE), and Bitcoin Cash (BCH). Dogecoin stands out due to its community influence and humorous nature, while Bitcoin Cash has also garnered investor attention as a notable fork of Bitcoin.
