Institutional Firms Project Ether As Crypto with The Biggest Growth Outlook: Survey
Global wealth fund managers have backed Ethereum (ETH) as the asset with the highest growth projection despite a slow price increase in recent months, a new survey shows.
A new CoinShares Digital Asset Quarterly Fund survey shows an analysis of market-related activities, regulation, and institutional investment in the ecosystem amongst others.
According to the study, big investment firms believe that Ether has the best growth prospects amongst other top coins even as its products record a poor run this year.
Of the 55 participants, 45% viewed ether with the most growth while 39% sided with the market leader, Bitcoin. Solana, which has been described as an institutional investor favorite in terms of related products, notched 6% of the votes.
This recent survey shows positive sparks around the biggest altcoin following weekly outflows in its investment products earning the tag “least loved altcoin in 2023.”
”Although this sentiment has not been reflected in our fund flows report, which indicates $127 million of outflows this year, taking the place as the most unloved altcoin.”
Most institutional investors base their analysis on the high rate of validator entry queue due to profits from yields. Ethereum remains the largest decentralized blockchain and with many applications, users stand to gain from its ecosystem.
Although this has been popular for years, the ETH Merge one year ago that saw the network transition to a Proof-of-Stake blockchain replacing miners with validators increased talks of wider adoption as investors looked to make more profit.
This was not reflected in the price of the asset as the asset plunged for most of last year due to wider market factors and slow growth.
Bitcoin remained fairly unchanged in terms
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