A new report reveals that XRP is surpassing Ethereum in the preferences of South Korean traders, indicating significant shifts in the crypto market.
Korean Affinity for XRP
According to a survey by News1 involving 5,220 investors, XRP ranks second after Bitcoin, surpassing Ethereum as a preferred cryptocurrency in South Korea. Retail market investors in the region have played a pivotal role in driving the demand for XRP.
Catching Up with Ethereum in ETF Play
While XRP dominates the retail arena, Ethereum remains the favored choice in institutional circles. The potential launch of an XRP ETF is expected to shift this dynamic, providing a new regulated path for investors.
Future of Ripple Labs and XRP
With the emergence of the RLUSD stablecoin and the expansion of Ripple Labs' ecosystem, XRP has promising prospects to outperform key competitors like Ethereum.
The long-standing rivalry between XRP and Ethereum is taking a new shape, especially with recent shifts in investor preferences and the potential development of new ETF products.
