South Korean Investors Fuel XRP Surge and Anticipate New ATH for BTC

South Korean investors are showing a strong appetite for cryptocurrencies, with XRP emerging as the most invested altcoin after Bitcoin and Ethereum. According to a survey by Web3 consultancy firm DeSpread, more than 70% of investors reported making a profit in 2024, primarily using platforms like Upbit and Binance. Bitcoin continues to lead portfolios with 21.31% allocation, while XRP follows closely at 16.44%. Investors are not only looking at these established players, but are also diversifying into other altcoins such as Ethereum (ETH), Dogecoin (DOGE), Solana (SOL), SHIB, and PEPE. Additionally, a significant portion of respondents expect Bitcoin to soar to new price levels, with 37.68% predicting BTC will surpass 150 million won and 37.04% forecasting it will exceed 200 million won this year. The survey also highlights the influential role of social media channels like YouTube and Telegram in shaping investor sentiment. This data reflects a robust bullish sentiment among South Korean investors that could drive both immediate rallies and sustained long-term growth across major cryptocurrencies.