The Grayscale Digital Large Cap Fund has added altcoin projects Polkadot (DOT), Avalanche (AVAX), and Cosmos (ATOM) as part of its quarterly rebalancing. AVAX, DOT, and ATOM have joined Bitcoin, Ethereum, and six other tokens in Grayscale’s $480 million Digital Major Equity Fund. Its proponents believe that the prices of DOT, AVAX and ATOM may recover in response to increased institutional demand.
Explosive altcoin projects, according to analysts: AVAX, DOT and ATOM
Grayscale Investments is restructuring its portfolio to include Polkadot, Avalanche and Atom, among other digital assets in the $480M Digital Major Equity Fund. shaped it. Proponents believe the asset manager’s move indicates increasing institutional demand for DOT, AVAX, and ATOM.
Grayscale, a leader in digital currency investment, balances its portfolio quarterly. The giant company has decided to add Polkadot (DOT), Avalanche (AVAX) and Atom (ATOM) to its Digital Big Equity Fund. The addition of DOT, AVAX, and ATOM to the crypto investment giant’s $480 million fund shows the growing institutional demand for cryptocurrencies. Grayscale has added ATOM to its smart contract platform Ex-Ethereum fund. As we have reported as
Kriptokoin.com, the Digital Big Equity Fund is a subsidiary of the existing portfolio. added AVAX and DOT without removing any assets. The fund was launched in 2018 and allowed users to take the largest 70% of the crypto market. The total allocation of AVAX and DOT in the fund is more than 3%, while ATOM accounts for 5% of the DeFi fund. Grayscale has removed Sushi and Synthetix from the DeFi fund focused on smart contract networks as they do not meet market capitalization criteria. According to
crypto analyst Ekta Mourya, institutional demand for AVAX, DOT and ATOM has increased steadily and digital assets are on track for a rally. A crypto trader and analyst nicknamed Ninjascalp states that Avalanche is currently undervalued and predicts a rally for the altcoin. Benjamin Cowen, a prominent crypto analyst, believes that Avalanche (AVAX) price is on its way to reaching the $100 target.
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