Monday, May 10, 2021

BitMax: Cryptocurrency Holders in Japan Prefers Ripple’s XRP over Ethereum (ETH)

According to the result of a survey conducted by a Japanese cryptocurrency exchange, BitMax, crypto holders in Japan prefers the Ripple’s digital token XRP over the second-largest digital currency by market cap, Ethereum (ETH).

The result of the survey was posted by BitMax via its official handle on 12th June 2020. Going by the report, 25% of the 1,498 people that took part in the survey chose XRP as their favorite token, while 26% went for Bitcoin (BTC). Only 9% of the people surveyed preferred Ethereum (ETH).

Obviously, the sample size of the survey is very small, which implies that the result may not generally speak the mind of the people.

However, the outcome of this survey cannot be thrown underfoot, due to similar findings reported by the Japan Virtual Currency Exchange Association (JVCEA) in December 2019.

Back then, Ripple’s XRP came second behind Bitcoin (BTC) among the number of Yen dominated digital asset holdings, while Ethereum (ETH) also came third.

Bitcoin (BTC), Ethereum (ETH), and Ripple’s XRP in the Market

The crypto market is coming back to life after hours of price depreciation experienced by the majority of top digital currencies.

Bitcoin (BTC), the largest cryptocurrency by market capitalization, has struggled over the past weeks to break above $10,000 resistance level.

Some hours ago, the digital currency lost $9,500 support level to trade around $9,100. However, Bitcoin is starting to regain its surging momentum. At the time of writing, BTC is trading at $9,500.38, with a 4.63% price uptrend in the last 24 hours.

The second and fourth-largest cryptocurrencies, Ethereum (ETH) and XRP are respectively replicating the positive trend the market is experiencing at the moment.

At press time, Ethereum (ETH) is trading at $232.69, with a 3.90% price appreciation, while XRP trades at $0.191865, with a 3.66% price upsurge based on 24 hours estimation.

Tobi Loba
Tobi-Loba is a creative and an award-winning writer with over 5 million readers from all over the world. She has B.A in English and Literature from a reputable University and currently studying for her M.A in the same field. She recently became a contributor at Herald Sheets in order to satisfy her thirst in reporting crypto and blockchain occurrences, the interest she built over the years.

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