DeFi’s potential means more institutional demand for next-gen tokens
Ether’s impressive YTD gains have largely been overshadowed by the profits accrued by other smart contract-enabled projects. There’s no denying that the last couple of years have seen the altcoin sector blossom and have a major impact on the crypto market at large. In fact, a quick look at data available on Google Trends shows us that searches related to the term “Ethereum killer” have been soaring over the past 90-days, signaling a growing interest among investors in various altcoins.In this regard, a few cryptocurrencies — such as Cardano (ADA), Solana (SOL), Polkadot’s DOT and Terra....
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The increased demand for transparency and open-source solutions creates a domino effect that will result in total Web 3.0 adoption. Decentralized finance (DeFi) has shined a spotlight on a fairer internet since early 2020, and we’re on the brink of something world-changing. DeFi technology would not be possible without the web infrastructure that is widely used today, demonstrating the tremendous strides we have made with next-level innovation. The third era of the internet has already dawned, with a new economy, new careers and new enterprise opportunities.Many experts believe DeFi’s rise....
Demand for XRP on the CME derivatives exchange continues to rise, providing a bullish outlook for the altcoin. This comes ahead of the potential approval of the XRP ETFs, which could further spark institutional demand for XRP. CME XRP Futures Hit New Milestone In an X post, the CME group announced that it has hit its four-month milestone for XRP futures, with a notional trading volume of $18.3 billion, 6 billion XRP traded, and 397,000 contracts traded. This again highlights the demand for the altcoin, with the derivatives exchange previously stating that the altcoin’s futures products....
In recent times, the Bitcoin market is witnessing a seismic shift, with BTC’s price ascent deeply rooted in burgeoning institutional demand. Expert commentary and market data are coming together to unveil a comprehensive picture of this profound institutional activity. Institutional Demand Is Driving The Bitcoin Price A profound insight came from Miles Deutscher, a seasoned […]
Global investment bank Goldman Sachs is seeing huge institutional demand for bitcoin with no signs of abating. A survey of Goldman’s institutional clients shows that 61% expect to increase their cryptocurrency holdings. Meanwhile, 76% say the price of bitcoin could reach $100,000 this year. Goldman Sachs Sees No Signs of Institutional Demand for Bitcoin Abating In a podcast published Friday, Mathew McDermott, head of Digital Assets for Goldman Sachs’ Global Markets Division, discusses the cryptocurrency trading environment for institutional investors. He explained that his team....
Investment management firm State Street says that institutional clients are not deterred from investing in crypto assets despite price declines. “There is a belief that the asset class is here to stay,” a State Street executive said. State Street on Institutional Demand for Crypto State Street, a leading investment management firm, sees unwaning institutional demand for cryptocurrency despite market sell-offs, the Sydney Morning Herald reported Monday. Irfan Ahmad, State Street Digital’s product lead for the Asia-Pacific region, said the banking giant’s....