Analyst company Web3 BDC reported that the leaders of cryptocurrency projects expect a decrease in the price of bitcoin, but do not plan to sell digital assets in a crypto winter.
According to a survey conducted by analytics company Web3 BDC, 53 senior executives involved in various crypto projects, including decentralized finance (DeFi) and GameFi, believe that amid the collapse of FTX, Bitcoin will continue to fall. On average, respondents believe that BTC will stop at $11,479, which is more than 30% below the current price of bitcoin.
According to 91% of top managers, stablecoins such as Tether (USDT), USD Coin (USDC) and Binance USD (BUSD) will not lose their peg to the US dollar despite difficult market conditions. 66% of respondents plan to replenish their cryptocurrency portfolio within the next month, while the rest of the participants say they will not take any action.
Web3 BDC analysts highlight that no survey participant chose “No, I plan to downsize my current crypto portfolio” among the possible responses. According to the heads of crypto companies, the most protected sectors from the crisis are DeFi, infrastructure solutions, GameFi, BTC and DEX. In addition, these areas have the highest growth potential.
A recent study by the cryptocurrency exchange Coinbase showed that, despite the market drop, many investors increase the number of coins in their wallets – over the past year, investments have increased 62% of those surveyed.