The digital asset space is full of surprises and changes, and that includes shifts in preferences. While Bitcoin has been performing impressively the past few days, it seems small-scale buyers are now interested in Cardano than the world’s largest digital asset. According to a report by Voyager Digital, small-scale buyers are more likely to buy Cardano than Bitcoin.
It could be due to various reasons, such as price, as Bitcoin grows too expensive for an average individual to buy a single one. On the other hand, ADA can accommodate smaller buyers and still allow them to make more gains. Experts see the token as an altcoin with so much potential as it continues to outperform many of its counterparts.
Voyager Digital conducts a survey
The crypto trading broker Voyager Digital conducted a new survey, which is the basis of the new findings. The survey called Digital Asset Investor Sentiment Survey revealed the present buying behaviors crypto buyers are showing. In the new survey, participants who revealed that they were bullish on Cardano are around 31%, while 22% are bullish on Bitcoin.
Interestingly, the relatively new coin recently hit an outstanding milestone where it became the world’s third-largest digital asset by market capitalization. The asset claimed this fit by surging to a new high of around $1.48, which excites lots of asset enthusiasts holding the coin.
The participants also revealed that they were also bullish on Ethereum and Polkadot at 12% and 6.3%, respectively, showing that Cardano has a special spot in people’s hearts as it overtook Ethereum on the survey.
The organizers of the platform, Voyager Digital’s CEO, Steve Ehrlich, said that the new survey shows people’s enthusiasm regarding cryptocurrencies from the trading and investment perspectives. The Chief Executive added that he understands that everyone is talking about Bitcoin nowadays, but the shift to Cardano is a big surprise.
Retail investors show a willingness to buy more Bitcoin
The top executive also believes that people’s preference for other altcoins shows that the digital asset space is now becoming diversified as many new digital assets come. Investors choose the ones that meet their needs.
Experts had predicted that the altcoin season could significantly affect Bitcoin’s value as many people start to diversify and choose various assets that meet their needs. Although Bitcoin currently has the industry’s largest number of investors, there is always a possibility that another coin could gain people’s attention in the next few years.
Institutional investors might soon institutionalized Bitcoin, making it hard for average sellers to buy and trade as it continues to grow very high in price. Still, small-scale buyers can buy smaller cryptos like Cardano and Ethereum by diversifying their digital asset portfolio.
While investors shift their attention to other coins, the survey reveals that participants believe that Bitcoin would still rise to around $60,000 by March’s end, and around 80% willing to buy the asset to benefit from the coming surge. Bitcoin’s success continues to pave the way for other cryptocurrencies that don’t have investors’ supports or backing.
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