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HomeCrypto NewsMarketXRP Emerges as Top Choice Among South Korean Youth

XRP Emerges as Top Choice Among South Korean Youth


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Reports show South Korean investors in their 20s prefer to invest in XRP.

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A new report has drawn comparisons between different age groups of South Korean investors and their investment in crypto, revealing that 20.7% of investors in their 20s prefer XRP over other digital assets.

According to the report, this figure outweighs their interest in established counterparts like Bitcoin and Ethereum, which constitute less than 18% of their crypto portfolios.

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At the same time, investors aged 30 and above preferred Bitcoin and Ethereum, which account for up to 28% of their crypto holdings.

As per the report, those in their 20s are aligned towards a short-term market outlook, leading to approximately 82% of their allocation going towards altcoins, encompassing not only XRP but also lesser-known tokens like Minds of Dalania and Felaz.

The report also acknowledged people in their 30s, stating their holdings in Bitcoin and Ethereum indicated a long-term market perspective.

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A noteworthy observation emerges with investors in their 60s who have allocated 23% of their crypto investments to the two leading digital assets. According to the report, this age group stands out for having a significant portion of their portfolio going to Bitcoin and Ethereum.

Other age demographics in the report include investors in their 50s, who allocated 22.2%, and those in their 40s, who allocated 21.7% to BTC and ETH, respectively.

XRP maintained a consistent presence among all age groups’ portfolios, recording the highest investment ratio among all participants. South Korean Investors in their 20s, 30s,50s, 40s and 60s had an XRP investment ratio of 20.7%, 17.0%,14.9%, 13.8% and 11.8% respectively.

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Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.



Mark Brennan
Mark Brennanhttps://thecryptobasic.com/
Mark Brennan has been active in the cryptocurrency sector since 2014. His love and passion for the nascent industry drove him to develop interest in writing about important developments and updates about cryptocurrencies and blockchain. Brennan, who holds a Masters degree in Business Administration, learned about the potential of blockchain technology. Aside from crypto journalism, Brennan runs an education center, where he educates people about the asset class.

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