Bitcoin
BTC$20 277.35

-2.12%

Ethereum
ETH$1 145.31

-3.04%

Tether
USDT$0.998764

-0.01%

USD Coin
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0.03%

Binance Coin
BNB$224.81

-4.04%

Binance USD
BUSD$1.000787

0.10%

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 56.4% 92 $20 277.35 -2.12% -0.29% $386 889 430 746 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 57.6% 90 $1 145.31 -3.04% 4.85% $138 969 035 870 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 92.4% 1 $0.998764 -0.01% -0.03% $66 742 331 401 USDT 7 days price change
4 USD Coin (USDC) USDC USD Coin predictions 90.8% 1 $1.000530 0.03% 0.05% $55 832 163 481 USDC 7 days price change
5 Binance Coin (BNB) BNB Binance Coin predictions 56.8% 89 $224.81 -4.04% 4.38% $36 706 159 546 BNB 7 days price change
6 Binance USD (BUSD) BUSD Binance USD predictions 94.8% 1 $1.000787 0.10% 0.21% $17 397 351 213 BUSD 7 days price change
7 XRP (XRP) XRP XRP predictions 63.2% 80 $0.335982 -2.23% 4.31% $16 242 394 323 XRP 7 days price change
8 Cardano (ADA) ADA Cardano predictions 66% 75 $0.471136 -2.23% 1.44% $15 987 555 258 ADA 7 days price change
9 Solana (SOL) SOL Solana predictions 67.6% 66 $35.51 -5.44% 2.11% $12 172 607 058 SOL 7 days price change
10 Dogecoin (DOGE) DOGE Dogecoin predictions 62.8% 80 $0.066802 -4.36% 6.01% $8 862 682 263 DOGE 7 days price change
11 Polkadot (DOT) DOT Polkadot predictions 63.2% 78 $7.30 -3.42% -2.45% $7 213 387 817 DOT 7 days price change
12 Dai (DAI) DAI Dai predictions 94.4% 1 $1.000157 0.01% 0.09% $6 718 514 631 DAI 7 days price change
13 TRON (TRX) TRX TRON predictions 58.4% 91 $0.065880 0.37% 2.62% $6 093 590 634 TRX 7 days price change
14 SHIBA INU (SHIB) SHIB SHIBA INU predictions 66.4% 74 $0.000010 -7.02% 4.64% $5 528 798 046 SHIB 7 days price change
15 UNUS SED LEO (LEO) LEO UNUS SED LEO predictions 71.6% 50 $5.75 -1.33% -2.42% $5 482 403 972 LEO 7 days price change

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