The recent drop in prices of Bitcoin and altcoins over the past few months has caused them to fall to levels not seen for a long time.
These drops cause investors to review their portfolios, while a recent report revealed that Latin Americans purchased the most XRP.
According to a recent report by Bitso, XRP became the most purchased altcoin by residents of Latin America.
According to the report, XRP accounted for 9% of all cryptocurrency purchases in 2024. Compared to other altcoins, purchases remained at 5% for Ethereum (ETH), 4% for Solana (SOL), and 2% for Dogecoin (DOGE).
This data shows that a larger number of users prefer XRP over the best-known altcoins such as ETH and SOL.
As interest in XRP gains momentum among investors, Bitcoin and stablecoins - USDC and USDT- continue to be the most acquired primary assets.
Bitcoin (BTC) took 22% of all purchases last year, while stablecoins led the overall trading activity, accounting for 39% of transactions.
The report stated that XRP has started to take an important place in user portfolios. Indeed, the report expressed that in 2023, XRP was not a part of the average user’s portfolio. This change indicates that a long-term trend for XRP has emerged among investors in Latin America.
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