These are 4 Altcoins that South Korean investors are more interested in than BTC and ETH, prices are still rising
South Korean investors are showing strong interest in the following four altcoins, especially as they outperform both Bitcoin and Ethereum.
After Donald Trump won the election in the United States, the Bitcoin and cryptocurrency market became more vibrant than ever, with almost all assets witnessing a strong price increase and achieving many new important milestones.
Although BTC has declined in recent days, the price remains high above $93,000. Moreover, altcoins have also recorded significant increases and received great interest from South Korean investors.
According to a report from Matrixport, South Korean investors have recently shown more interest in other assets instead of Bitcoin and Ethereum. Notably, these altcoins are gradually pulling ahead of BTC and ETH in the South Korean cryptocurrency market.
Analysts further state that the trading volume of altcoins like Ripple (XRP), Stellar (XLM), Sandbox (SAND), and Dogecoin (DOGE) on South Korean exchanges has far surpassed BTC and ETH.
This indicates that retail investors prefer altcoins with better growth potential because they are seeking higher profits.
When examining data from Upbit, the largest cryptocurrency exchange in South Korea, it can be seen that XRP, XLM, and DOGE are the top three altcoins in terms of trading volume.