A brand new ballot performed by digital asset funding agency CoinShares reveals near half of traders imagine a single crypto asset now has the best upside potential – and it’s not Bitcoin (BTC).
In keeping with the survey, 42% of traders view Ethereum (ETH) as essentially the most engaging crypto asset primarily based on potential progress, beating Bitcoin by 24 proportion factors.
CoinShares says that year-to-date, Ethereum’s market share of crypto belongings beneath administration has grown by 15 proportion factors.
“42% of traders see Ethereum as having essentially the most compelling progress outlook and by a major margin, outstripping Bitcoin at 18%.
This mirrors the expansion in belongings beneath administration (AuM) we now have seen in Ethereum, the place market share of funding merchandise has risen from 11% originally of the 12 months to 26% right this moment.”
After Bitcoin, traders say they’re most bullish on Cardano (ADA), Polkadot (DOT), Solana (SOL), Terra (LUNA), Radix (XRD), and XRP (XRP).
The survey says that a couple of third of all traders put their cash in crypto belongings for speculative functions, whereas 1 / 4 search to diversify their portfolio.
One of many main causes stopping traders from placing their cash into crypto belongings is regulatory uncertainty.
“Of the survey respondents who mentioned that they had not invested, regulation (21%) was cited as the primary purpose for not investing. Intently linked to this have been company restrictions at 19%.”
The main dangers, in response to the CoinShares survey, embrace authorities bans and laws.
“Politics, authorities bans, and regulation make up 58% of the perceived key dangers for digital belongings.”
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