December 5, 2022

Institutional investors will raise the ETH rate to $3,000 by the end of 2022

Institutional investors will raise the ETH rate to $3,000 by the end of 2022

The head of the BitMEX cryptocurrency exchange, Alexander Hoptner, told Cointelegraph during the Token2049 conference that he does not see declining institutional interest in the digital asset industry.

According to him, large investors chooseinnovative industries precisely during a bear market. Periods of bullish growth force them to make hasty decisions, which is difficult for large companies.

Hoptner also noted the institutional interest inEthereum after switching its network to the Proof-of-Stake consensus algorithm as part of The Merge update. Now the blockchain of the second cryptocurrency in terms of capitalization complies with the principles of EGS, he noted.

BitMEX CEO predicted the price of Ethereum to rise to $3,000 by the end of 2022. At the time of writing, the asset is trading at $1,300, according to CoinGecko.

Recall that in September, State Street analysts found that institutional investors retained their interest in blockchain and cryptocurrencies, despite the bear market.

Where is it more profitable to buy cryptocurrency? 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 deposit and withdrawal of funds in rubles, hryvnias, dollars and euros.

The reliability of the site is primarily determined bytrading volume and number of users. By all key metrics, the largest crypto exchange in the world is Binance. The platform supports transfers in rubles from bank cards Visa / MasterCard and payment systems Advcash, payer, QIWI.

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 9.7
2 Bybit 8.5
3 Huobi 8.4
4 Bitget 7.8
5 AAX 6.9

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

  • Work reliability - stability of access to all platform functions, including uninterrupted trading, deposit and withdrawal of funds, as well as the period of work on the market and the daily trading volume.
  • Commissions - the size of the commission for trading operations within the site and the withdrawal of assets.
  • Additional features and services - futures, options, staking, NFT marketplace.
  • 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.
  • final grade - the average number of points for all indicators, determines the place in the rating.

Institutional investors will raise the ETH rate to $3,000 by the end of 2022