A recent study has revealed that Japanese investors are choosing to invest in Ripple’s XRP over the world’s flagship cryptocurrency, Bitcoin. XRP Over Bitcoin And Ethereum In contrast to the treatment Ripple and the XRP token are receiving in the US, Japan seems more welcoming to the crypto asset, according to a research paper by the Department of Economics and Finance at the City University of Hong Kong. Related Reading: Analyst’s Ultra Bullish Prediction Puts XRP Price At $10,000, But When? According to the report, XRP is preferred over the biggest cryptocurrencies by market cap, Bitcoin and Ethereum. It referenced a survey conducted by the Japanese crypto exchange BITMAX, with 25% of the 1,498 respondents who took the survey choosing XRP as their favorite cryptocurrency, while 26% and 9% chose Bitcoin and Ethereum, respectively. While this survey may be considered insufficient to prove Japanese investors’ preference for the XRP token, it suggests that the token has quite the following in the country. Interestingly, XRP enjoyed the highest spot trading volume in February last year, with “nearly 1.36 billion units” traded ..
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