A recent survey conducted by News1 in South Korea has revealed that Bitcoin remains the most preferred cryptocurrency among investors in the country. However, Ripple has surpassed Ethereum in popularity, securing the second position. The survey included the top 10 cryptocurrencies by market cap and was conducted from December 24 to December 26. The report notes that Ripple has always been popular in South Korea, with many investors favoring it since 2017. Despite facing challenges such as a lawsuit with the U.S. Securities and Exchange Commission, Ripple saw a significant price increase of 400% in 2024. Additionally, concerns have been raised about the status of the Korean economy, including the rising value of the Korean Won and the unattractiveness of domestic assets. The value of Tether on a major South Korean exchange has already caught up to the IMF rate, which could have implications for the South Korean economy in relation to cryptocurrencies.



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