ETH/USD trading pair attracts more traders in the first quarter of 2022
Crypto turnover in the first quarter of 2022 has skyrocketed by 93% according to the quarterly report of Capital.com. The Ether (ETH) to U.S. dollar (USD) pair has pulled the biggest number of traders from January to March 2022, according to trading platform Capital.com. In its quarterly report, Capital.com noted that in 2021, the most significant number of traders was held by the Dogecoin (DOGE) to USD pair. However, the ETH/USD pair has taken the spot for most traders within the trading platform for the first time.
The quarterly report noted that crypto turnover has gone up by 93% percent in the quarter. Despite the positive statistic, the report admits that the increase in revenue does not reflect the broader market trends because the number was reached because of a few single-day spikes in volume.
Capital.com has also highlighted that the broader market is currently in a state of disinterest. According to Capital.com's chief analyst David Jones, the Bitcoin (BTC) downtrend from November to January has influenced retail traders' interest in crypto. Additionally, the analyst mentioned that crypto traders are "herd creatures" driven by momentum.
After high investor participation in the month of January, the following months showed a decline. In February, digital asset traders on the platform went down by 16%. In the next month, the number dropped by another 10%.
On May 30, ETH's price moved closer to the $2,000 mark as BTC climbed above $30,900. However, analysts noted that despite the bounce, the prices' uptrend may end up weaker than the 2021's mid-year performance. On the other hand, some analysts also noted that there's a possibility to bounce up to $2,700 over the summer.
Meanwhile, the Ropsten testnet on Ethereum is moving to the proof-of-stake (PoS) consensus. Ethereum's developer Tim Beiko shared the news that on June 8, the Ropsten testnet will merge with a new Ropsten Beacon Chain that was launched on May 30. After the transition, two more testnets called Goerli and Spolia will move to PoS before the migration for the Ethereum mainnet begins.
Top Cryptocurrencies with Price Predictions
| # | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
| 1 |  BTC |
Bitcoin predictions | 78.4% | 33 | $62 454.95 | -1.43% | -1.93% | $1 234 400 470 283 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 78.8% | 43 | $2 427.77 | -2.24% | -7.93% | $292 253 244 251 |  |
|
| 3 |  USDT |
Tether predictions | 91.6% | 1 | $0.999722 | -0.01% | 0.01% | $119 823 961 775 |  |
|
| 4 |  BNB |
Binance Coin predictions | 78% | 35 | $564.29 | -1.59% | -2.62% | $82 348 610 201 |  |
|
| 5 |  SOL |
Solana predictions | 74.4% | 45 | $143.43 | -3.63% | -7.68% | $67 308 122 110 |  |
|
| 6 |  USDC |
USD Coin predictions | 94% | 1 | $0.999957 | 0% | 0% | $35 319 753 958 |  |
|
| 7 |  XRP |
XRP predictions | 75.6% | 43 | $0.529988 | -1.90% | -14.69% | $29 978 288 460 |  |
|
| 8 |  DOGE |
Dogecoin predictions | 79.6% | 32 | $0.107825 | -5.11% | -8.48% | $15 772 295 954 |  |
|
| 9 |  TRX |
TRON predictions | 95.2% | 1 | $0.155916 | 1.20% | -0.39% | $13 498 686 374 |  |
|
| 10 |  TON |
Toncoin predictions | 84.4% | 31 | $5.17 | -3.07% | -10.67% | $13 111 256 672 |  |
|
| 11 |  ADA |
Cardano predictions | 77.6% | 38 | $0.351628 | -3.17% | -7.87% | $12 293 301 283 |  |
|
| 12 |  AVAX |
Avalanche predictions | 68% | 60 | $26.52 | -2.92% | -6.51% | $10 780 122 601 |  |
|
| 13 |  STETH |
Lido stETH predictions | 95.2% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |  |
|
| 14 |  WTRX |
Wrapped TRON predictions | 96% | 1 | $0.116354 | -0.46% | 0.23% | $10 171 995 609 |  |
|
| 15 |  SHIB |
SHIBA INU predictions | 55.6% | 94 | $0.000017 | -6.05% | -6.13% | $10 168 882 764 |  |
