Home Technology Ethereum Takes Top Spot For Net Buys – Voyager CEO

Ethereum Takes Top Spot For Net Buys – Voyager CEO

Voyager Digital (VYGVF), the crypto trading platform with 1.6M verified users and 61 digital coins available, has just released its 24-hour and weekly trading data. Additionally, insights around the data and comments on Ethereum taking the top spot this past week on their platform from CEO & co-founder Steve Ehrlich below.

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Investors Are Buying The Ethereum Dip

Commentary from Steve Ehrlich, CEO & co-founder of Voyager Digital:

Ethereum has surpassed all other coins on our platform in terms of net buys in the past week and in the last 24 hours of trading. While ETH's price continues to dip--down almost 20% in the past day and still hovering under $2,000 as of Wednesday morning--investors are using this as an opportunity to increase their holdings as indicated by its top spot on our current net buys.

Ethereum will be undergoing a major network upgrade on August 4, with the goal of reducing volatility in transaction fees and adding an element of deflation. This positions ETH for possible strong price action.

Bitcoin is still in our top net buys for the week (#4) and for the day (#2). The Bitcoin protocol will become faster and more efficient over time to be a go-to medium for transactions as the technology continues to improve. Compared to the activity we saw earlier in the year that pushed Bitcoin's prices to all-time-highs, we are currently experiencing a slight lull in momentum. However, I believe we will see positive price movements in crypto over the next 6 months and beyond. In the last 24 hours, Bitcoin saw a significant increase in notional net buys on our platform, and we'll continue monitoring that activity.

Weekly Data | Ethereum Takes Top Spot For Net Buys

Top net buys for this week (7/7-7/14)

  1. ETH
  2. SHIB
  3. DOT
  4. BTC
  5. MATIC

Biggest rank gains (by net buys week-over-week, 6/30-7/7 vs. 7/7-7/14) 

  1. ETC
  2. EGLD
  3. ATOM
  4. SRM
  5. XVG

24hr Data

Top net buys for today

  1. ETH
  2. BTC
  3. DOT
  4. SHIB
  5. ADA

Biggest rank gains (by net buys 24hrs)

  1. DOGE
  2. CKB
  3. COMP
  4. YFI
  5. HBAR
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Jacob Wolinsky is the founder of ValueWalk.com, a popular value investing and hedge fund focused investment website. Jacob worked as an equity analyst first at a micro-cap focused private equity firm, followed by a stint at a smid cap focused research shop. Jacob lives with his wife and four kids in Passaic NJ. - Email: jacob(at)valuewalk.com - Twitter username: JacobWolinsky - Full Disclosure: I do not purchase any equities anymore to avoid even the appearance of a conflict of interest and because at times I may receive grey areas of insider information. I have a few existing holdings from years ago, but I have sold off most of the equities and now only purchase mutual funds and some ETFs. I also own a few grams of Gold and Silver