Bitcoin Dominates South Korea’s Crypto Market as Ripple Surpasses Ethereum in Popularity

Bitcoin continues to dominate the cryptocurrency market as the preferred choice among South Korean investors, as reported by local news outlet News1 on January 7th. The latest survey indicates that Ripple (XRP) has overtaken Ethereum (ETH), positioning itself as the second most favored digital asset. This finding highlights a growing shift in investment preferences within the region. Conducted via the blockchain voting platform The POL from December 24 to 26, 2024, the survey garnered responses from 5,225 participants. The overall ranking of the most sought-after cryptocurrencies revealed Bitcoin (BTC) at the top, followed by Ripple (XRP), Ethereum (ETH), Dogecoin (DOGE), and Bitcoin Cash (BCH). Such trends accentuate the dynamic landscape of cryptocurrency investments in South Korea and underscore the importance of market sentiment in shaping digital asset valuations.