The growth of crypto investment seems to be picking momentum and the lowly priced Ripple (XRP) coin seems set and ready for adoption before an anticipated breakout that might see it trade at the $5 threshold in the next few months. With good news expected from the platform, every investor is getting a piece of the XRP pie.
Ripple has the potential to surpass all major coins in term of reach, appeal and value. Ranked 3rd by market cap, the coin volumes in the market are souring showing the intent to overtake the market leaders. With the anticipated possible rebranding and the delinking of the Company from the XRP coin might turn the tables for the movers and shakers in the crypto-landscape.
Ripple (XRP) Investment Popularity Study
A recent study by one of the most respected and popular social trading network eToro indicates Ripple (XRP) leads in the market as the natural investment choice. Through demographical data analysis, people investing in digital coins are finding Ripple the better option compared to other digital assets and coins.
The study carried out between March last and February this year clearly indicates that more and more people are crypto-aware and are turning to crypto- investment and their natural coin choice is Ripple XRP coin. However, the report indicates that a huge number of these investors have almost zero skills in investing.
Who are investing on Ripple (XR) to make it the Most Popular Investment Crypto?
According to the eToro study, 81.96% of traders getting into the digital money investment market are new in the investing circles. Those with prior experience in investing only account for 7.38% a clear indication of lack of awareness in the market.
Out of the increasing number of investors, the market is split 91.5% and 8.5% males and females respectively. This could be a worrying trend given most coin entry points are low enough for anyone to invest. However, the general popularity among females is on the rise.
The data collected during the study also indicated that most of the investors in the digital money market are those who are not in gainful employment accounting for 30%. These categories include those in colleges, retired or unemployed. Professionals and marketing account for 15.05% while those working in IT and Tech sector take 14.49% while 8.48% are workers in the finance.
Age groups Boosting Ripple (XRP) Popularity
To know the sustainability of Ripple future popularity, the study shows that age preference of a coin or token is critical to the future of any digital currency. Those aged between 18 and 23 prefer investing on Ripple (XRP), Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and Dash (DASH).
Majority of investors aged 24 to 35 have their staking preference in the order of Ripple (XRP), Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and Ethereum Classic (ECT). ETC seems to beat Dash to get to fifth position in this age racket.
Ripple leads again in the 36 to 54 age bracket flowed by Bitcoin (BTC) and Ethereum (ETH) while Litecoin (LTC)and Ethereum Classic takes fourth and fifth positions respectively. This is the most vibrant age group and is what many cryptocurrencies target in terms of high stakes.
Those aged 55 and above also prefer investing on Ripple (XRP). These are the early Bitcoin adopters and use their portfolio as a retirement investment. This is why to them BTC is their second choice and then Ethereum (ETH), Litecoin (LTC) and Ethereum Classic.
Ripple (XRP) Latest Performance
The Ripple (XRP) current trading price seems ideal for all age groups as well as institutional investors since it is trading at $0.698942 with meager 1.97% gains against dollar while losing marginally by 0.49% to Bitcoin. The price is the mass adoption catalyst and explains why the most preferred crypto in the market is today.
With XRP finding resistance at $0.6 full implementation xRapid and to ease cross-border money transfer could trigger the coin growth past the $1 market. The xPring, a business funding function of the coin might also add value to the ecosystem thus growing its popularity further before the end of the year.
This information should not be interpreted as an endorsement of cryptocurrencies or a recommendation to invest. Historic performance is no guarantee of future returns. As an investment class, cryptocurrencies are speculative investments and investing in cryptocurrencies involves significant risks – they are highly volatile, vulnerable to hacking and capital loss and sensitive to secondary activity. Before investing you should obtain advice and decide whether the potential return outweighs the risks.