Recently, there has been a sharp decline in the cryptocurrency market. For some investors, this is an opportunity. Especially institutional investors are turning to some altcoins.
We don’t know how long the cryptocurrencies will fall, but it seems like some forces don’t want the coins to go up and whenever they go up something comes up to make them fall. Institutional investors are probably the ones who evaluate these declines best.
Some reports also show that institutional investors are buying certain coins. One of these reports is the CoinShares report. In the new report from CoinShares, ADA nearly tied institutional Ethereum (ETH) entries last week, bringing its year-to-date total to $108 million.
According to the report, Ethereum inflows stood at $17.3 million last week, while Cardano outpaced $16.4 million. In the previous week, Cardano entries reached $5 million while Ethereum entries reached a valuation of $31.4 million.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility
