Site iconSite icon ForkLog

Poll: Retail investors trust Cardano more than Bitcoin

Poll: Retail investors trust Cardano more than Bitcoin

In a poll of U.S. residents conducted by the cryptocurrency broker Voyager, it found that nearly a third of respondents were more optimistic about the altcoin Cardano than about digital gold.

Which digital assets do participants trust more? Data: Voyager.

Among respondents, 31.8% supported Cardano (ADA); 22.2% Bitcoin; 12.2% Ethereum (ETH); 11.7% Ripple (XRP). A further 22.1% of responses went to other altcoins.

“This clearly demonstrates the investment and trading enthusiasm of our users for cryptocurrencies. Of course, everyone is talking about Bitcoin now, but Cardano’s dominance came as a big surprise to us,” said Voyager CEO Steve Ehrlich.

In his view, the results of the survey confirm the development of the cryptocurrency industry — investors can now choose from a growing number of digital assets.

One in five (21.5%) respondents agreed with the statement that Bitcoin is in a bubble. 82.66% of participants plan to buy the asset in the coming month.

Nearly two-thirds (63.7%) forecast the first cryptocurrency to reach a level of between $50,000 and $60,000 by the end of March 2021. A further 25.5% are confident in a price between $40,000 and $50,000.

Earlier this year, a Goldman Sachs survey showed that 40% of their clients own digital assets. Of them, more than 60% expect crypto growth over the next 12-24 months.

Earlier, Galaxy Digital founder Mike Novogratz asked followers to tell him about Cardano, because it’s one of the few assets he had never traded.

Subscribe to ForkLog news on Telegram: ForkLog Feed — the full news stream, ForkLog — the most important news and polls.

Exit mobile version