News1 conducted a survey involving 5,200 participants in late December, revealing that South Korean investors have a strong preference for Bitcoin, XRP, Ethereum, Dogecoin, and Bitcoin Cash. XRP overtook Ethereum as the second favored choice among altcoins, showing a surprising shift in investor interest.

XRP’s rise in popularity is attributed to its potential for cross-border payments and recent legal victories against the US SEC. South Korean investors are drawn to its promising applications in payment solutions, making it more favored than Ethereum despite Ethereum’s strong presence in blockchain technology.

Bitcoin retains its status as the top cryptocurrency in South Korea. The approval of a spot Bitcoin ETF has further reinforced its position, maintaining strong trust among both individual and institutional investors. Meanwhile, interest in altcoins like Dogecoin and Bitcoin Cash persists due to their potential for HIGH liquidity and short-term gains.