AMBCrypto Exclusive Survey
As 2024 progresses, a substantial shift in investor sentiment has put Bitcoin on a speculative path to surpass the $100,000 mark by the end of the year. A notable 67.3% of respondents to AMBCrypto's trends survey are betting on an 80% increase in Bitcoin's value, riding a wave of optimistic market projections and emerging new financial products.
Notably, the anticipation of Bitcoin ETF options, expected by more than half of investors surveyed, suggests a market mature and ready for mainstream and institutional acceptance.
However, the details of how Bitcoin aims to achieve this impressive valuation are complex and are explored in depth in AMBCrypto's full report.
This exclusive report delves into several important topics, including Bitcoin's anticipated performance in June and its future prospects. It also examines the growing impact of Layer 3 technologies and their potential to reshape the Web 3 landscape. Additionally, it discusses the growing popularity of SocialFi projects and the reasons behind their trend.
Notably, Base, a layer 2 of Ethereum, has been dominating SocialFi with a staggering 46% of all transactions, surpassing competitors like BNB Chain and Polygon. Base was also responsible for 60% of total Layer 2 revenue, significantly ahead of other chains.
Additionally, the report analyzes prominent altcoins and offers insights into their potential trajectory. It also investigates Ethereum's declining correlation with Bitcoin, as well as declining volume in the NFT market, questioning the possibility of a resurgence.
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