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XRP, despite being labeled as a security by the U.S. Securities and Exchange Commission (SEC), continues to make significant progress. Especially after the positive preliminary decision resulting from the SEC and Ripple case, it can be said that XRP is gaining momentum and making headlines with new steps. A recent study also highlighted South Korea’s role in this regard.
XRP Surpasses ETH and BTC
It seems that South Korea may soon accelerate investments focused on XRP and Ripple. The investment rate in XRP has reached unprecedented levels among all age groups, including those in their twenties, according to the results of a survey.
Despite facing significant regulatory pressures, XRP investors in South Korea seem unaffected. In fact, XRP is currently one of the most preferred investment instruments among Korean investors. This was confirmed by the latest research. According to the survey, XRP accounts for an average of 20.7% of investors’ portfolios. The total investment share for Bitcoin and Ethereum, on the other hand, is at 17.5%.
According to a report published by Bithumb, investors’ portfolios for this year were examined. Based on these results, it can be said that a large portion of investors in their twenties are focused on altcoins with high price volatility. Therefore, it can be said that the investment percentage in Bitcoin and Ethereum is higher than the total market value.
XRP in the Spotlight in South Korea
The group in their thirties, on the other hand, leads in terms of investment share in Bitcoin and Ethereum. This group, with a 28.2% investment share in BTC and ETH, demonstrates that age can make a difference.
Kim Dong-hawn, the digital asset expert at Wonderframe in South Korea, stated that the group in their twenties focuses on the short term, while the group in their thirties focuses on the long term. The investment rate in XRP was determined as 17% for the thirties, 11% for the forties, 14% for the fifties, and 13.8% for the sixties.
