Bitcoin
BTC$16 857.94

2.52%

Ethereum
ETH$1 267.75

5.89%

Tether
USDT$0.999743

0.01%

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-0.65%

USD Coin
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-0.02%

Binance USD
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ETH/USD trading pair attracts more traders in the first quarter of 2022


01 Jun 2022

#Ethereum

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.


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Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 59.2% 81 $16 857.94 2.52% 2.13% $324 016 560 707 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 61.6% 79 $1 267.75 5.89% 9.03% $155 139 205 312 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 93.6% 1 $0.999743 0.01% 0.07% $65 345 860 208 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 68.4% 65 $297.76 -0.65% 8.97% $47 633 708 279 BNB 7 days price change
5 USD Coin (USDC) USDC USD Coin predictions 90.8% 1 $1.000075 -0.02% -0.02% $43 278 140 161 USDC 7 days price change
6 Binance USD (BUSD) BUSD Binance USD predictions 92.8% 1 $1.000080 -0.01% -0.04% $22 167 145 790 BUSD 7 days price change
7 XRP (XRP) XRP XRP predictions 66% 66 $0.402255 2.89% 6.46% $20 229 424 997 XRP 7 days price change
8 Dogecoin (DOGE) DOGE Dogecoin predictions 57.2% 85 $0.106602 3.16% 30.44% $14 142 989 634 DOGE 7 days price change
9 Cardano (ADA) ADA Cardano predictions 60.4% 81 $0.314036 1.01% -0.86% $10 815 310 516 ADA 7 days price change
10 Lido stETH (STETH) STETH Lido stETH predictions 96% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
11 Polygon (MATIC) MATIC Polygon predictions 64.8% 72 $0.868141 3.30% 0.64% $7 582 616 669 MATIC 7 days price change
12 Polkadot (DOT) DOT Polkadot predictions 65.6% 67 $5.38 2.56% -0.10% $6 131 758 632 DOT 7 days price change
13 Dai (DAI) DAI Dai predictions 91.2% 1 $0.999926 -0.07% -0.02% $5 640 260 243 DAI 7 days price change
14 Litecoin (LTC) LTC Litecoin predictions 66% 74 $78.51 1.65% -3.13% $5 630 604 788 LTC 7 days price change
15 Wrapped TRON (WTRX) WTRX Wrapped TRON predictions 66.4% 66 $0.053881 0.82% 5.41% $5 478 359 178 WTRX 7 days price change

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