South Korea, known for its tech-savvy populace and a strong inclination towards crypto investments, has thrown a new trend into the spotlight concerning XRP.
A recent report from the South Korean news outlet News1 Korea indicates that the nation’s Generation Z (GenZ) displays a marked preference for altcoins, most notably XRP, over the more established giants like Bitcoin and Ethereum.
GenZ’s Shift To Altcoins
The report undertook a detailed study of investment data on Bithumb, one of South Korea’s leading crypto exchanges. The findings from this analysis illuminate the distinctive investment behaviors of different age groups, especially emphasizing the choices made by GenZ investors.
The investment propensity based on age revealed that GenZ or those in their 20s are more inclined towards “aggressive” investment proneness. This emerging generation of investors is displaying a pronounced preference for altcoins, alternatives to the dominant cryptos such as Bitcoin (BTC) and Ethereum (ETH).
In this study, Bitcoin and Ethereum are categorized as “long-term” and “stable investments” owing to their perceived low volatility in the market.
The report reveals that roughly 82.5% of GenZ investors have poured their money into altcoins, excluding ETH. But it’s XRP that stands out amongst the crowd. Approximately one in five GenZ investors, or 20.7% to be precise, have chosen this token as their primary altcoin for investment.
The Larger Context And XRP’s Role In It
This surge in the altcoin’s popularity among younger South Korean investors is juxtaposed with a contrasting trend for the slightly older age bracket.
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Author: Samuel Edyme
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