87% of investors plan to increase investments in cryptocurrency

• Despite the recent drop in the crypto market, investors are still optimistic.
• 87% of Voyager Digital survey participantsplan to increase investment in cryptocurrencies.
• In addition to Bitcoin, investors are also interested in altcoins.

Despite the recent aggressive sell-off on the crypto market, which has significantly reduced the size of its capitalization, investors have not lost their optimism.

According to the results of a cryptocurrency studyBroker Voyager Digital, almost 90% of survey participants plan to increase investments in digital currencies in the next quarter. Notably, the responses from 3,671 respondents spanned the end of last month, when the price of Bitcoin experienced a massive decline.

Calm, only calm

The May drawdown of the world's main cryptocurrency wasprovoked by an unfavorable news background for BTC. Thus, the Chinese authorities began to tighten the screws in the segment of digital currencies and their mining in the country, which is why the “circles on the water” went far beyond the borders of the Celestial Empire. As tax season approaches, lawmakers in the United States have also become more active.

Additionally, market volatility has been heightenedunexpectedly bringing the topic of environmental friendliness of Bitcoin to the forefront. The catalyst for these events was the head of Tesla, Elon Musk, who stated that the company would no longer accept Bitcoin for payment, since cryptocurrency mining is harmful to the environment.

As a result, increased uncertainty in the crypto marketcost him almost 43% loss of total capitalization in just two weeks. And yet, seven out of ten investors surveyed remained optimistic when asked about the BTC exchange rate in the next three months.

As the survey results showed,39% of respondents expect Bitcoin to grow in the range of $56,000 – $70,000 by the end of the 3rd quarter. Another 28% of respondents predict that the price will trade between $41,000 and $55,000 by this time.

At the time of writing, BTC was trading at over $40,000, with the market recently marking a local high of $41,000.

As Voyager CEO Steve Ehrlich commented,Such optimism after the recent correction in the crypto market is very encouraging, inspiring hopes for a bright future for digital currencies. He added that many investors took advantage of the May volatility to buy more crypto assets.

Interest in altcoins

In addition, the results of the studydemonstrated investor interest in altcoins. The most attractive coin for them was Cardano, with 55% of respondents showing a bullish attitude towards it. Let us remind you that last week the first smart contract was successfully launched on Alonzo, the test network of Cardano. This is expected to take the project’s competitiveness to a new level.

In second place in popularity among investors was the meme coin Dogecoin, although its similar figure was only 11%.

Survey participants also showed optimism inthe issue of Bitcoin ETFs, applications for which the US Securities and Exchange Commission (SEC) still continues to leave unanswered. More than nine in ten respondents expect the SEC to approve the first Bitcoin ETF this year.

Where is it more profitable to buy bitcoin? TOP-5 exchanges

For a safe and convenient purchase of cryptocurrencies with a minimum commission, we have prepared a rating of the most reliable and popular cryptocurrency exchanges that support deposits and withdrawals of funds inrubles, hryvnias, dollars and euros.

The reliability of the site is primarily determinedtrading volume and number of users. By all key metrics, the largest cryptocurrency exchange in the world is Binance. Binance is also the most popular crypto exchange in Russia and the CIS, since it has the largest cash turnover and supports transfers in rubles from bank cardsVisa / MasterCardand payment systemsQIWI, Advcash, Payeer.

Especially for beginners, we have prepared a detailed guide: How to buy bitcoin on a crypto exchange for rubles?

Rating of cryptocurrency exchanges:

#	Exchange:	Website:	Rating:
1	Binance (Editor's Choice)	https://binance.com	9.7
2	Bybit	https://bybit.com	7.5
3	OKEx	https://okex.com	7.1
4	Exmo	https://exmo.me	6.9
5	Huobi	https://huobi.com	6.5

The criteria by which the rating is set in our rating of crypto-exchanges:

• Work reliability— stability of access to all functions of the platform, including uninterrupted trading, deposits and withdrawals of funds, as well as the duration of the market and daily trading volume.
• Commissions– the amount of commission for trading operations within the platform and withdrawal of assets.
• Feedback and support– we analyze user reviews and the quality of technical support.
• Convenience of the interface– we evaluate the functionality and intuitiveness of the interface, possible errors and failures when working with the exchange.
• Platform Features– availability of additional features — futures, options, staking, etc.
• final grade– the average number of points for all indicators determines the place in the ranking.

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