Young South Koreans prefer XRP to Bitcoin and Ethereum
Young crypto investors in South Korea prefer XRP to Bitcoin (BTC) and Ethereum (ETH), two of world’s largest cryptocurrencies by market capitalization. XRP is a dominant choice among Gen Z South Korean investors Bithumb data reveals that 82.5% of investors in their twenties, often referred to as “Gen Z”, prefer red other altcoins but not ETH. According to local news outlet News 1, which analyzed Bithumb’s investment data in H1 2023, it was discovered that Gen Z investors often opt for altcoins with higher volatility than BTC and ETH. Meanwhile, older investors tend to be more conservative. You might also like: XRP is the leading altcoin in South Korea, report reveals It was observed that South Korea’s Gen Z invested more in XRP than BTC and ETH, with the former’s investment being 3.2% higher than the latter. At the same time, they chose periphery altcoins, for instance, Fellaz (FLZ) and Mines of Dalarnia (DAR), which were listed on Bi...