Solana's Rise Driven by Institutional Investors...

 From cointribune:

"Solana (SOL) has witnessed a spectacular increase in demand among institutional investors, according to a recent survey by CoinShares. The study revealed that nearly 15% of the surveyed fund managers, who collectively manage 600 billion dollars of assets, have incorporated Solana into their portfolios, marking a clear increase from previous years where Solana was not as present. This growing popularity is attributed to Solana’s technological advances and increasing market visibility, making it an increasingly viable alternative to Bitcoin and Ethereum.

The rising interest in Solana is part of a broader context where altcoins are gaining ground as valid investment options. Fund managers see Solana as having high growth potential, with a record of 3% of average assets allocated to digital assets, up from only 12% previously. This increased adoption comes as investors increasingly look to diversify their portfolios with innovative technologies, although future progress will largely depend on regulatory developments and overall economic conditions." -Cointribune (29-4-2024)


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