South Korean Investors Fuel XRP Surge and Anticipate New ATH for BTC
27.03.2025 18:20
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.
High bullish expectations for new ATH levels in BTC are likely to drive significant upward momentum. Investor confidence, coupled with historical BTC rallies and institutional backing, supports both short-term surges and long-term strength, particularly as quantitative signals indicate strong market sentiment.
Being the most favored altcoin among South Korean investors, XRP is poised for increased demand and potential price appreciation. The strong portfolio allocation and positive regional sentiment can drive both short-term spikes and steady mid-term gains.
Ethereum maintains steady interest and is expected to experience stable growth due to its established infrastructure and broad market adoption. While not the central focus, ETH is likely to benefit from overall bullish market trends, with less volatility compared to other altcoins.
Dogecoin may see speculative trading driven by influencer and social media trends. The coin could experience short-term volatility and periodic price spikes, though long-term momentum will depend on sustained market interest and broader adoption.
Solana stands to benefit from its technological capabilities and growing investor interest. Positive market sentiment may lead to steady medium-term gains, although its progress will largely align with the general upward trend in the crypto market.
Shiba Inu, as part of the meme coin space, is likely to experience high volatility with potential for short-term rallies driven by social media hype. Long-term growth may be limited without stronger fundamental developments.
As an emerging meme token, PEPE is expected to attract speculative trading, resulting in short-term price volatility. While it may benefit from hype-driven rallies, its long-term prospects depend on broader market adoption and stronger fundamental support.
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