The recent downturn in Bitcoin and altcoin prices has resulted in significantly lower values not seen in a considerable time. While this market correction has prompted many investors to reassess their holdings, a recent report highlights a surprising trend: Latin Americans are leading the charge in XRP purchases.

Bitso's latest report reveals XRP as the most popular altcoin among Latin American investors. In 2024, XRP accounted for 9% of all cryptocurrency purchases in the region. This significantly outpaces other altcoins, with Ethereum (ETH) at 5%, Solana (SOL) at 4%, and Dogecoin (DOGE) at a mere 2%.

This data indicates a strong preference for XRP over established altcoins like ETH and SOL. Despite this rising interest in XRP, Bitcoin (BTC) and stablecoins (USDC and USDT) remain the dominant assets. Bitcoin constituted 22% of all purchases last year, while stablecoins led the market with 39% of total transactions.

The report also notes XRP's growing presence in investor portfolios, a notable shift from its absence in the average portfolio in 2023. This suggests a developing long-term trend for XRP investment among Latin American users.

*This is not investment advice.