Despite the very fact Ether is at the moment the second largest cryptocurrency by market cap, Japanese crypto holders could favor to carry XRP.
According to the outcomes of a survey posted to Twitter by Japanese cryptocurrency change BITMAX on June 12, Bitcoin (BTC) is sort of as standard because the XRP token amongst merchants in Japan. 25% of the 1,498 folks surveyed advised BITMAX XRP was their favourite coin, in comparison with 26% who most well-liked BTC. Ethereum (ETH) got here in third at 9%.
It’s price noting that the small pattern dimension like that within the aforementioned survey could not essentially could not make the outcomes definitive.
However, the Japan Virtual Currency Exchange Association (JVCEA) reported related findings in December 2019. XRP was second behind BTC among the many variety of yen denominated digital asset holdings, with ETH additionally in third.
XRP shedding help exterior Japan?
Cointelegraph reported in April that on-line engagement in the direction of XRP on Twitter fell in Q1 2020, whereas Ripple was pressured to liquidate lots of its holdings to remain money circulation optimistic. Crypto analytics agency Messari launched knowledge exhibiting XRP was the worst performing giant cap token in 2019.
The XRP token — $0.19 on the time of writing — is price a fraction of its $2.28 peak on the finish of 2019. While the XRP military could have shrunk general, this might not be the case for Japanese followers of the token.