bitcoin market in 2021

Kraken reveals its customers’ expectations of the bitcoin market in 2021

Cryptocurrency exchange Kraken conducted a survey of over 350 VIP clients to find out their expectations from the market. This is the second such report for the current year, the first was published in February. The responses for the second report were collected in October.

Kraken Reveals Its Customers' Expectations Of The Bitcoin Market In 2021 Kraken has conducted a survey of over 350 VIP customers to find out their expectations from the market. This is the second such report for the current year, the first was published in February. The responses for the second report were collected in October.

It turned out that since the first survey, the respondents have noticeably lost their bullish sentiment, so the further behavior of Bitcoin could surprise them. In the first half of the year, the average target for bitcoin at 2020 year was $ 22,866, and during the second survey dropped to $ 14,886. For Ethereum, the values ​​were $ 810 and $ 549, respectively. In 2021, Kraken customers see Bitcoin and Ethereum at $ 36,602 and $ 1,451, respectively. So the potential for growth ether, in their opinion, is higher.

At the same time, 66% said that the market remains bullish, 26% – bearish, 9% were undecided. In the first half of the year 44% of respondents considered the market to be bullish, 24% considered it to be bearish..

Kraken Reveals Its Customers' Expectations Of The Bitcoin Market In 2021 Kraken has conducted a survey of over 350 VIP customers to find out their expectations from the market. This is the second such report for the current year, the first was published in February. The responses for the second report were collected in October.

The favorite altcoins of Kraken VIP clients are Ethereum (ETH), Polkadot (DOT), Chainlink (LINK), Monero (XMR) and XRP. In the decentralized finance (DeFi) segment, they highlighted Uniswap (UNI), yearn.finance (YFI), Kava.io (KAVA) and Kyber Network (KNC).

It is also curious that in the first half of the year, only 45% of those surveyed said that traditional markets influenced their decisions in the past six months. Towards the end of the year, there were already 70% of such.

The highest expectations in the context of the cryptocurrency market for the next 12 months are pinned on the distribution (23%), improvements in ETH (19%), improvements in DeFi (17%) and improvements in bitcoin (14%).

“The results of our survey show that market participants remain optimistic for the next year and are interested in altcoins as much as they are in bitcoin. This is especially true for Ethereum, Polkadot and DeFi. If the current trend continues, 2021 could be the largest year for the industry since its inception. Nevertheless, market participants still have a number of concerns. As we all know, nothing in the cryptocurrency world is guaranteed, but anything can happen, “Kraken analysts say..