South Koreans Turned To Ripple After Bitcoin! How Has It Affected Price Before?

For some time now, the trend of South Korean investors has been causing huge spikes in the trading volume of certain altcoins.

In this context, recently Waves (WAVES), Ontology Gas (ONG), Algorand (ALGO), and VeChain (VET) The trading volumes of the altcoins named had increased considerably on Upbit, South Korea’s largest and most popular exchange.

Now, this rise continues its legal struggle with the SEC. Ripple (XRP) We see it happening on the other side.

South Korea’s leading exchanges by trading volume of XRP Upbit, Bithumb and Korbit increased in stock markets in general.

bithumb XRP/KRW trading pair accounted for 14.76% of all trading volumes, from Bitcoin (BTC) It became the second most traded cryptocurrency after

chorbite The situation is the same in the stock market. XRPWhile being the second most traded cryptocurrency after Bitcoin on the Korbit exchange, XRP/KRW The pair accounted for 19.96% of all crypto trading volumes of tKorbit.

As such, XRP has surpassed Ethereum, which ranks third on the Korbit exchange.

Finally, South Korea’s largest cryptocurrency exchange by trading volume UpbitWhen we look at XRP in terms of transaction volume From Bitcoin and Mask Network (MASK) It appears to be in third place after and among the top five most traded cryptocurrencies on Upbit.

XRP continues to trade at $ 0.4809 at the time of writing.

The interest of South Korean investors in Ripple has increased in the past years, and with the increase in volume, a significant increase has been seen in the price of Ripple.

*Not investment advice.