The percentage of people investing in XRP was high across all age categories, including those in their twenties.
South Korean investors have shown remarkable fortitude in the face of XRP’s significant volatility owing to mounting regulatory obstacles. In fact, this asset is now the most popular choice among individuals in their twenties when it comes to diversifying their wealth. New data shows that XRP is held by investors at a rate of 20.7%, which is higher than the 17.5% allocated to Bitcoin and Ethereum put together.
Twenty-somethings’ XRP holdings, on average, are 3.2% higher than their Bitcoin and Ethereum holdings. Compared to South Koreans of other age groups, those in this bracket have a propensity for “aggressive” investment strategies. In addition, this group of market participants was shown to favor altcoins above Bitcoin and Ethereum.
More than 82% of investors in their twenties choose altcoins with more volatility as opposed to the world’s top two crypto-assets, according to the Bithumb analysis, which analyzed data on investor portfolios for this year.
distinct age groups in the nation have distinct tastes, as shown by the fact that those between the ages of 30 and 40 have the largest investment percentage in Bitcoin and Ethereum at 28.2%.
Kim Dong-hwan, CEO of South Korean virtual asset expert Wonderframe, thinks that investors in their twenties are more interested in making quick money than building wealth over the long haul.
Meanwhile, the percentage of investors in their 30s, 40s, 50s, 60s, and others who put money into XRP was -17%, 11.8 percent, 14.9 percent, and 13.8 percent.
The claim is not unexpected given the high concentration of XRP trading activity on South Korean exchanges, with volumes on Upbit and Bithumb, two major local crypto exchanges, often surpassing those of Bitcoin and Ethereum.
According to research done by the four largest cryptocurrency exchanges in South Korea (Upbit, Bithumb, Coinone, and Korbit) last year, XRP was the second most popular crypto asset in the nation, behind only Bitcoin. As a result, XRP was ranked as the most desirable cryptocurrency, surpassing even Ether and Cardano in the rankings.
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