South Korea is known for its tech-savvy population and strong inclination towards crypto investments, and a new trend has recently been thrown into the spotlight concerning XRP. According to a report from News1 Korea, Generation Z investors in the nation are displaying a marked preference for altcoins, particularly XRP, over the more established cryptos such as Bitcoin and Ethereum.The study, which was conducted on Bithumb, one of South Korea’s leading crypto exchanges, revealed that 82.5% of GenZ investors have invested in altcoins, excluding Ethereum. XRP stands out amongst the crowd, with 20.7% of GenZ investors choosing it as their primary altcoin for investment.In contrast, investors in their 30s were found to have a higher affinity for Bitcoin and Ethereum. This suggests that while GenZ is more open to exploring newer and potentially riskier altcoins, the previous generation is still aligned mainly with the tried and tested crypto leaders.A crypto derivatives platform Bitget report also stated that nearly half of the crypto copy traders on the exchange belong to the GenZ demographic. Crypto lawyer John Deaton has recently explained that the US Securities and Exchange Commission’s (SEC) legal tussle with Ripple over the XRP token may have significantly set the altcoin’s trajectory back in the US market by three years.At the time of writing, XRP is trading for $0.52, up by 1.9% over the past 24 hours, with a 24-hour trading volume of $1 billion.
| Information |
Details |
| Geography |
Asia |
| Countries |
|
| Sentiment |
neutral |
| Relevance Score |
8 |
| People |
John Deaton, News1 Korea |
| Companies |
Bithumb, News1 Korea, US Securities and Exchange Commission, Coinbase, Crypto lawyer John Deaton |
| Currencies |
XRP, Bitcoin, Ethereum, USD, KRW |
| Securities |
None |
