Retail investors are more optimistic about ADA price growth than BTC, according to new research from Voyager Digital. However, 80% of investors plan to buy more BTC in March.
According to the Digital Asset Investor Sentiment Survey conducted by cryptocurrency broker Voyager Digital, 31.8% of surveyed investors expressed optimism about ADA growth, while only 22.2% of respondents were in favor of BTC. The third and fourth places in the poll were taken by ETH with 12.2% and DOT with 6.3%.
“This clearly demonstrates the enthusiasm our user base has for cryptocurrencies, both in terms of investment and trade,” said Voyager Digital CEO Steve Ehrlich. “Of course, everyone is talking about BTC now, but the fact that ADA was ahead of it was a big surprise for us.”
According to Ehrlich, the survey results also show that the cryptocurrency industry has evolved into a truly diverse ecosystem with a growing number of digital assets from which investors can choose. The study, which surveyed 1,385 US respondents, found that most investors expect BTC prices to be between $ 51,000 and $ 60,000 by the end of March, with 80% of survey participants planning to buy more bitcoins this month.
The respondents are generally positive about the cryptocurrency investment market. On the bearish / bullish scale, investor sentiment is rated at 8 out of 10, with 1 indicating an extreme bearish trend and 10 an extreme bullish trend for the next six and twelve months. One in five people surveyed agree that BTC is currently in a “bubble state”.
However, investors do not completely rule out a bear market. If there is a trend reversal, most investors expect the BTC price to drop by 20-40%. However, 60% of respondents believe that Bitcoin and other digital assets represent the best store of value, outperforming gold (8%), stocks (6%), and top-tier government bonds (1%).
Recall that on the evening of March 1, the Mary update was activated on the Cardano blockchain, adding the creation of custom tokens without smart contracts. Mary’s hard fork is another step towards the Gougen update, which will add support for smart contracts and the ability to create decentralized applications based on the Cardano network.
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