Latin Americans are buying this altcoin the most after Bitcoin! It has surpassed Ethereum and Solana!

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.