There is a recent survey by CryptoVantage. It’s about Bitcoin and altcoins. He researched America’s attitude towards cryptocurrencies. He also obtained interesting findings. Let’s look at the details.
Survey results on altcoins
78% of respondents believe that Bitcoin will surpass the previous record level. However, only 23% of respondents expect it to peak next year. On the other hand, 47% predict that this will happen in the next five years. Interestingly, only 8% of respondents believe that Bitcoin will never reach an all-time high again.
The survey also shed light on competing altcoins. 21% of respondents think Dogecoin (DOGE) has the best chance of surpassing Bitcoin in market cap. Also, 46% of Americans placed their bets on Ethereum (ETH) to achieve this feat.
Bitcoin and Ethereum on solid growth trajectories
According to the research, both Bitcoin and Ethereum show promise in their growth paths. Bitcoin maintained significant price levels as on-chain indicators stabilized after speculative activity. Accordingly, there has been an increase of approximately 85% since the beginning of the year. Meanwhile, Ethereum experienced a YTD increase of about 62%, exhibiting positive price signals and growing on-chain metrics.
Exciting developments are on the horizon for the Ethereum ecosystem, with two key actions expected to significantly increase the use and user interest of the platform. EIP4844, which will be operational by the end of the year, aims to reduce the costs associated with rollups, a tier 2 scaling solution. It will improve the user experience. It will also reduce rollup costs. This change is likely to attract more developers to the platform.
With the launch of the basic mainnet, another major milestone for Ethereum, millions of new users are expected to join the ecosystem. Expansion of the mainnet will facilitate participation in the Ethereum network. On the other hand, it will fuel the rise of decentralized finance (DeFi) and blockchain applications. Accordingly, this will lead to greater acceptance and use of Ethereum.
General improvements and growth of new apps
Ethereum’s rollup solutions are undergoing further development to improve their overall performance, efficiency and usability. These improvements are expected to encourage greater use and innovation in the ecosystem. In addition, the Ethereum community eagerly awaits the growth of new applications in rollups, Layer 2s, and Layer 3, leading to the emergence of new DeFi platforms, autonomous worlds, and tokenization of physical assets.
With these developments, when we look at cryptokoin.com, the Ethereum ecosystem will grow even more. In addition, developers will discover the full potential of these new capabilities. Thus, there will be an increase in innovative and disruptive practices.
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