The decline in Bitcoin and altcoins in recent months has caused prices to drop to levels not seen for a long time.
While these declines have caused investors to review their portfolios, a recent report revealed that Latin Americans are buying the most XRP.
According to a recent report by Bitso, XRP has become the most purchased altcoin by Latin American residents.
According to the report, XRP accounted for 9% of all cryptocurrency purchases in 2024. Compared to other altcoins, purchases stood at 5% for Ethereum (ETH), 4% for Solana (SOL), and 2% for Dogecoin (DOGE).
This data suggests that more users are choosing XRP over well-known altcoins like ETH and SOL.
While XRP interest gained momentum among investors, Bitcoin and stablecoins – USDC and USDT – remained the most-bought primary assets.
Bitcoin (BTC) accounted for 22% of all purchases last year, while stablecoins led the overall trading activity, accounting for 39% of transactions.
The report also stated that XRP has begun to gain an important place in user portfolios. Because the report stated that XRP will not be part of the average user's portfolio in 2023. This change indicates that a long-term trend for XRP has emerged among Latin American investors.
*This is not investment advice.
