New Institutional Investments at Altcoins
A recent announcement from FD7 Ventures, the company will convert over $750 million bitcoins to Cardano and Polkadot tokens. This announcement is referring that those kind of cryptocurrencies will have a real impact on portfolios in search of diversification.
The company’s strategy outlines that projects like Cardano, Polkadot and Ethereum are expected to have more uptrend as they will have a more important role in the Web 3.0 development through their infrastructure.
Those two cryptos, Cardano and Polkadot, after the announcement, have began to rise, creating a bullish trend in the crypto market. The entire transaction is expected to finish at mid-to-late March, creating new data in the altcoin market.