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- The Kraken Intelligence team of in-house research analysts, surveyed 400 clients around the world this January 2020 to measure their sentiments and potential for crypto in 2020.
- These chunks of clients include individuals 40% are traders, 41% are investors, and the rest 4% are crypto exchange, minors, and payment firms.
- The top industry structures include Stock-to-flow, NVT Signal, and Mayer Multiple.
The Kraken Intelligence team of in-house research analysts, surveyed 400 clients around the world this January 2020 to measure their sentiments and potential for crypto in 2020.
These chunks of clients include individuals 40% are traders, 41% are investors, and the rest 4% are crypto exchange, minors, and payment firms. By the following survey, the expert’s accumulated significant information pertaining to crypto assets.
Clients rely on technical analysis for investing/selling
The average price target quoted by the survey conductors for Bitcoin is $22,866 and for ether (ETH) it is $810. Almost half of the clients conveyed that the U.S. SEC will approve a Bitcoin ETF this year. Among the clients, the five most popular and preferred crypto assets were Ethereum, Tezos, Monero, XRP, and Litecoin.
One of the keypoint got to know in the survey is that while making investment or selling decisions, the client majorly relies on technical analysis, followed by the asset fundamentals, industry research reports, and market sentiments.
Leading industry model
The top industry structures include Stock-to-flow, NVT Signal, and Mayer Multiple. The stock to flow is the relationship between the current stock with the new production. On the other hand, The NVT Signal is the one that provides more weight on analytical signaling further on price crest. Lastly, the Mayer Multiple means the current value of Bitcoin by its 200 daily moving average.
This survey has revealed one more important comment that in terms of stablecoins, the Tether USDT is a popular asset for users. The USDT is backed by an equal amount of traditional fiat currencies, for example, euro, dollar, Japanese yen, etc, these crypto coins are maintained in a selected bank account.
However, in this fluctuating market, it is very clear from the survey that the crypto industry still carries any benefits and the investors are very optimistic about it.
