Cryptocurrency

Revealed: Here Are The 35 Altcoins That Giant Funds Are Funding!

Crypto research firm Messari has published a report in which it analyzes the most frequently held altcoin projects in the portfolios of crypto-focused venture capital firms and hedge funds. Messari assumes that most of the funds are Bitcoin and Ethereum and therefore excludes the first two crypto assets from its report.

Which altcoin projects are companies and hedge funds turning to?

Apart from BTC and ETH, interoperability protocol Polkadot (DOT) tops Messari’s list of 35 cryptoassets. According to the research, Polkadot is in the hands of 19 of the 44 companies followed by the platform. In second place is the decentralized finance (DeFi) payment network Terra (LUNA). According to Messari, Terra’s achievements caught the attention of 13 funds.

Blockchain NEAR protocol, which uses the proof-of-stake consensus system, and Oasis Network (ROSE), the blockchain-enabled blockchain platform, are in third place with 12 funds that have invested in the two cryptoassets.

Source: Messari

Eleven companies have invested in SOL, the native token of the scalable blockchain Solana. Ten funds seem to have taken an interest in the blockchain implied layer Keep Network (KEEP), DeFi token Maker (MKR), and public blockchain ecosystem Nervos Network (CKB).

Messari: These altcoins are “diamonds”

DODO (governance token of DODO exchange), decentralized storage project Filecoin (FIL), layer 2 scaling network Skale (SKL), Bitcoin developer project Stacks (STX), information retrieval protocol The Graph (GRT), and token of decentralized exchange Uniswap UNI; Located in 9 of the leading crypto hedge funds and companies

Another 21 assets are found in 8 or less of the companies surveyed. Messari highlights peer-to-peer software creation tool Radical (RAD), liquidity provider Lido DAO (LDO), Oasis, DODO, and multi-token automated market maker Balancer (BAL), calling them “diamonds” funded by venture capitalists. According to the crypto research firm, these cryptocurrencies have the lowest market capitalization among 35 cryptocurrencies with more than six smart money investors. Cryptocoin. com, we also reported the DeFi part of the Messari report.

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