Survey: Japanese Crypto Holders Prefer XRP Over ETH

[Oxumare]

A survey by Japanese crypto exchange BitMax shows 25% of traders prefer XRP, compared to only 9% in ETH and 26% BTC.

Despite the fact Ether is currently the second largest cryptocurrency by market cap, Japanese crypto holders may prefer to hold XRP.

According to the results of a survey posted to Twitter by Japanese cryptocurrency exchange BITMAX on June 12, Bitcoin (BTC) is nearly as popular as the XRP token among traders in Japan. 25% of the 1,498 people surveyed told BITMAX XRP was their favorite coin, compared to 26% who preferred BTC. Ethereum (ETH) came in third at 9%.

It’s worth noting that the small sample size like that in the aforementioned survey may not necessarily may not make the results definitive.

However, the Japan Virtual Currency Exchange Association (JVCEA) reported similar findings in December 2019. XRP was second behind BTC among the number of yen denominated digital asset holdings, with ETH also in third.

XRP losing support outside Japan?
Cointelegraph reported in April that online engagement towards XRP on Twitter fell in Q1 2020, while Ripple was forced to liquidate many of its holdings to stay cash flow positive. Crypto analytics firm Messari released data showing XRP was the worst performing large cap token in 2019.

The XRP token — $0.19 at the time of writing — is worth a fraction of its $2.28 peak at the end of 2017. While the XRP army may have shrunk overall, this may not be the case for Japanese fans of the token.

Source

[jonathancool220]

It is a pride that BitMax can be present for Japanese citizens and this will definitely make Ripple more respected in the country of the Rising Sun.
Japan is not enthusiastic about cryptocurrency because they might be inclined to the world of metal industries such as motorcycles and cars, or directly electronics like TVs, smartphones or household appliances.

Then also a very big gain where Bitcoin 26%, Ripple 25% and Ethereum only 9%, I'm sure they understand very well with how Ripple works and Ripple expansion that is so fast.

[Nostoman]

I support ripple. Ripple has been able to gain a lot of improvement. I think On will improve from before. Invest in those of you who are investors. Invest in the future will be very profitable. You hold Ripple. There is a lot of time to get something good. You have to invest in ripple. Wishing Ripple a beautiful future.

[hair]

XRP is widely supported by banks and companies, therefore many investors who buy XRP then make assets for the long term.

[Mbah Jenggot]

XRP is widely supported by banks and companies, therefore many investors who buy XRP then make assets for the long term.

Yes It is  true  mate.  Ripple XRP is supported  by bank and companies.  I see many  investor  have bought ripple for long term investment.  I think It is a good thing for ripple.  I predict ripple will more valuable at the coming future.

[Muneeb22]

XRP coin price is low and also this coin team is so much strong and already some banks will start to work with the XRP coin and that's the main reason that the Japanese prefer over ETH this coin.

[Quantum X]

The survey is tells clearly that the favor comes only from Japan and fail to gain the support from many countries. This means that there's nothing special with the report for the xrp.

[IyemRoker]

Japan has its own characteristics and there is a country that is very obedient to the empire.
Maybe their emperor chose Ripple over Ethereum or Bitcoin, so all his people followed the election of the emperor.

That's just my opinion, but maybe in Japan why choosing Ripple is because of other factors that can still be searched for truth.