0
0
Cryptocurrencies: 12,870
Markets: 940
Marketcap: $ 2.06 T(0.18%)
24h Vol: $ 77.17 B
BTC Dominance: 48.69%

Top Altcoins for Institutional Investment: Inflows Surge, Outflows Recorded

# Altcoins Attracting Institutional Investors Despite Below-Average Trading Volumes Three altcoins, namely Solana, Ripple, and Cardano, are gaining significant traction among institutional investors, marking a notable surge in market inflow. Amidst a trading volume that remains significantly below the 2023 yearly average by about 27%, these altcoins have garnered enthusiastic attention from crypto investors. ## Ripple Continues to Draw Investor Interest Ripple (XRP), in particular, had inflows of $0.42 million last week. These numbers are notable as they mark the 25th consecutive week of inflows for the asset. Such consistent, sustained investor interest can be viewed as a significant indicator of Ripple’s performance and potential. It’s worth noting that Ripple is currently trading at $0.49. [Follow Ripple’s latest updates on Twitter](https://twitter.com/Ripple) ## Solana and Ripple Lead Year-To-Date Flows Both Solana (SOL) and Ripple (XRP) have seen swelling inflow surges. Their performance has been noteworthy among all altcoins, boasting the highest year-to-date flows. This influx demonstrates that these two digital assets are not only gaining popularity but are also considered good investment options. [For more updates on Solana, follow this Twitter link](https://twitter.com/solana) ## Cardano in the Mix Cardano (ADA), another altcoin that’s getting institutional investors interested, had a combined inflow with Ripple of $1 million in July. This marks it as another altcoin that’s standing out among others in attracting investments. [Catch up with Cardano on Twitter](https://twitter.com/Cardano) ## Ethereum Records Outflows While some altcoins are experiencing an influx of investments, Ethereum (Ether) bucked the trend. Ethereum recorded outflows of $7.5 million last week, marking a contrasting trend against the three altcoins mentioned above. ## Other Altcoins Experience Outflows Just as in the case of Ethereum, other altcoins like Tezos, Litecoin, and Chainlink experienced outflows, pointing towards a shifting investor preference towards specific altcoins such as Solana, Ripple, and Cardano. ## Bitcoin Inflows and Digital Asset Investment Trends In the same period, Bitcoin, the original cryptocurrency, saw inflows of $16 million, and short-Bitcoin positions had inflows of $1.7 million. Alongside this, digital asset investment products have seen inflows totaling $15 million for three consecutive weeks. [Stay updated with Bitcoin news on Twitter](https://twitter.com/Bitcoin) ## Wrapping It Up These trends illustrate a shifting landscape of institutional interest amidst the world of altcoins. While some edge ahead, attracting significant inflows, others lag behind as they see investors pulling out. It’s also importantly noted that the trading volumes are still significantly below the 2023 yearly average by around 27% despite these inflow trends. For crypto investors scouring the market for potential opportunities, these inflow and outflow trends can serve as valuable markers on the most promising altcoins to consider.
Advertisementspot_img

Latest News