With आठवड 150 million in crypto investments in the past week, investors are looking vague due to price improvements

With आठवड 150 million in crypto investments in the past week, investors are looking vague due to price improvements

With आठवड 150 million in crypto investments in the past week, investors are looking vague due to price improvements

bitcoin g9d226a8b9 1280Bitcoin continued to see a massive influx of एकूण 114 million in total last week. (Image: Pixabay)

Despite recent improvements in cryptocurrency prices, including Bitcoin, crypto investors have continued to support them over the past week. In fact, investment in digital assets rose from $ 151 million in the second week of November to 4 154 million in the previous week. Emotions, ”according to data from digital asset management firm CoinShares’ weekly report on digital asset fund flows.

According to CoinGecko, Bitcoin, along with all major altcoins, including Ethereum (10.4 percent), Binance Coin (11.6 percent), Solana (10.3 percent), and Cardano (12.2 percent), has fallen more than 12 percent in the last seven days. , XRP (12 percent), Polkadot (13.5 percent), Dogecoin (15.3 percent), while Avalanche reported a 39 percent increase in price at the time of writing.

“Volatility is part of any market, but when informed investors understand the usefulness of a project and the technology behind it, they rely on a specific coin. Also, more and more people are realizing that crypto is the future and that is why we are seeing the growing participation in the crypto market, ”Kumar Gaurav, Founder and CEO, Kasha told Financial Express Online.

Also read: During the global crypto downturn, this altcoin jumped more than 50% in mcap to overtake Shiba Inu

Bitcoin continued to see huge inflows from $ 98 million last week to a total of $ 114 million. This has helped in maintaining 67 per cent of managed assets (AuM) in investment products over the last month. Although this was not reflected in market prices, Bitcoin fell 4 percent over the same month compared to Ethereum, which jumped 14 percent over the same period. This disparity, CoinShares said, could be due to recently launched ETFs in the US where investment products accounted for 90 percent of the flow.

Last week, Ethereum led $ 12.6 million, followed by Solana at $ 8.5 million, Polkadot at $ 5 million and others. “The flow of global computer assets indicates that investors prefer Solana,” the report said. Solana reported आव 43 million in revenue last month, compared to ano 23 million against Cardano. Some altcoins, including Cardano, had recorded petty offenses for the first time in months. The outflow for Cardano last week was 2.1 million.

“The speed, efficiency and profitability it (Solana) offers seem to be gaining traction among investors. A recent fundraiser last month has given him even more momentum. Compared to other competing platforms, it has some positives – it works on the evidence of scalability as opposed to the evidence of history, among other reasons. Its fee is much lower than that of Ethereum, which is the largest exchange and this is a big advantage, ”Gaurav added.

Criticism / reports related to the cryptocurrency suggestions / recommendations in this story. Financial Express Online takes no responsibility for their advice. Please consult your financial advisor before transacting / investing in cryptocurrency.

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