The surprising result of a survey done by the Japanese, Bitmax. After bitcoin, it is XRP, the most popular currency in Japan, crypto-investors. This is surprising, since Ethereum, a large marketcap than XRP.
XRP is incredibly popular
On the 12th of June, the Japanese cryptobeurs Bitmax results on Twitter, and not only is the XRP is much more popular than Ethereum, Ripple’s currency is also very close to Bitcoin. Of 1.498 respondents, shows a 26% prefer to use bitcoin, and right underneath it by 25%, is XRP. Ethereum takes the third place with 9 percent.
The area in blue is ” different.” And this is on the GO, Mena, Nano, Chiliz, and Chainlink. But before we get to Japan omdopen to the land of the rising Ripple, keep in mind that the sample size is very small. However, this is not the first time that a study out of Japan shows that XRP is not popular.
Japan is a Virtual-Currency Exchange Association (JVCEA) came out in december 2019, with a similar finding. The JVCEA did some research as to which cryptocurrency and the preference is given to People. Bitcoin was the first, and XRP, the second and Ethereum could do was to follow it.
Course, XRP does not have the best of years
The popularity of XRP in Japan is reflected not an increasing rate. Below is the chart showing the price of the XRP at the beginning of 2019 at the latest, so a little more than a year and a half. From may 2019, there has been a recovery in the share price. The coin was not more than 0,40 euro.
However, it can’t be compared to the value in January of 2018, when it became the XRP just traded in for a 3,39€.
Exactly one year ago, it was a XRP to about 0,38 euro. And even better, there is nothing left of it. The value has been cut in half at 0,17 euros today. That is much lower than the average of 0.26 euros in the last year and a half.
But, perhaps, it is time to use the tactic of Warren Buffet and allow you to fit it, be greedy when others are fearful. In other words, the price of XRP is so low that it can only move up.