Bitcoin
BTC$66 661.99

-0.78%

Ethereum
ETH$3 091.54

-1.38%

Tether
USDT$0.999955

-0.01%

Binance Coin
BNB$576.30

-0.90%

Solana
SOL$172.54

-0.95%

USD Coin
USDC$1.000055

0.01%

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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# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 85.2% 20 $66 661.99 -0.78% 9.21% $1 313 286 357 219 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 86.4% 20 $3 091.54 -1.38% 7.12% $371 376 449 299 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 95.2% 1 $0.999955 -0.01% 0.03% $111 429 922 801 USDT 7 days price change
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5 Solana (SOL) SOL Solana predictions 78.8% 42 $172.54 -0.95% 22.98% $77 471 147 278 SOL 7 days price change
6 USD Coin (USDC) USDC USD Coin predictions 93.2% 1 $1.000055 0.01% 0% $33 497 191 204 USDC 7 days price change
7 XRP (XRP) XRP XRP predictions 88.8% 8 $0.512600 -2.07% 4.18% $28 341 122 489 XRP 7 days price change
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