After the big bear market of 2022, cryptos started seeing some upside this year. We especially noticed a strong buying pressure on the ether (ETH) and bitcoin (BTC) markets. Ethereum saw a 31% gain while Bitcoin soared 39%. Now, a survey predicts a very bullish future for the second-largest crypto by market capitalization.
Ether, the crypto that will shine the most in 2023!
Several analysts are predicting a bull-run for Ethereum this year. A recent CoinShares survey confirms that we can expect a dramatic increase in the price of ether (ETH) soon. It indicates that the second largest crypto will be more successful with consumers than all other cryptos. The investigation revealed that even bitcoin won’t be as popular as ether. It should be noted that the study was conducted between December 29, 2022 and January 23, 2023.
It seems that investors are more interested in Ethereum than by all other cryptos, including bitcoin. Concretely, consumers are increasingly interested in the largest altcoin by capitalization since the recovery of the crypto market. “In contrast, investors have lowered their growth forecasts for bitcoin (BTC)», has mentioned investigation.
Admittedly, bitcoin has shown year-to-date outperformance over ether. But, 60% of investors argue that Ether’s growth prospects are the most compelling. Yet this percentage was only 40% in the survey conducted in October 2022. Meanwhile, 30% of respondents find the future of bitcoin brighter. However, this percentage was 40% in a previous survey.
CoinShares has revealed an interesting fact with investment products that allow you to bet down or up. It turns out that investors have been more many bet on a drop in bitcoin with these products. At the same time, many have bet that Ether prices will rise. This data could suggest that bitcoin is going into a downtrend and ether is going into an uptrend.
The CoinShares survey indicates that investors are increasingly concerned about custody of cryptos. Since the collapse of FTX, this subject has been at the heart of the debates. Some argue that one should opt for crypto self-custody while others think one should be wary of it.
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