Poll: Retail investors are more optimistic about ADA compared to BTC
Bitcoin continues to hit records, reaching more than $ 59,000 today, but optimism about alternative digital currencies remains.
In a new survey, retail investors are more optimistic about the ADA compared to the BTC.
US retail investors are now more optimistic about Cardano's ADA digital currency compared to the leading cryptocurrency Bitcoin, according to a recent survey and poll conducted by the crypto company "Voyager Digital".
A new survey of investors in cryptocurrencies in the United States of America showed that 31.9% of the investors surveyed are more optimistic about Cardano ADA digital currencies, while 22.2% chose Bitcoin over the ADA digital currency.
The results come after Cardano reached an all-time high of near $ 1.5 last month, briefly becoming the fourth-largest cryptocurrency by total market cap.
Steve Ehrlich, CEO of Voyager Digital, told the source:
Of course, everyone is talking about Bitcoin these days, but seeing that individual investors are more enthusiastic about the ADA digital currency than Bitcoin was a big surprise to us.
Besides Bitcoin, investors were also more optimistic with Ethereum at 12.2% and Bulcadot at 6.3%.
For Ehrlich, these results show the growth and diversity of the cryptocurrency ecosystem, as investors have more digital currencies to choose from.
The survey included the opinions of 1,385 investors in the United States, and found that the majority expected Bitcoin to trade between $ 51,000 and $ 60,000 by the end of this month, and 80% of survey respondents plan to buy more bitcoin during this month.
60 percent of respondents are confident that Bitcoin and other digital currencies represent the largest store of value, higher than gold, which scored 8%, stocks 6%, and government bonds at 1%.
The results of the survey on Cardano were somewhat predictable, as the cryptocurrency's price hike by more than 500% this year attracted the attention of retail investors, as an investor who bet and invested $ 1,200 on the ADA last year will now get more than $ 40,000.
The price of the Ada digital currency has risen from around $ 0.17 to $ 1.06 at the time of writing this article, after correcting from a new high near $ 1.5.
The ADA's rise may also have helped the whales buy the cryptocurrency.
The Dubai cryptocurrency investment fund “FD7 Ventures” has previously announced that it has sold Bitcoin worth $ 750 million to increase its positions in Cardano and Bolcadot.