Cardano (ADA) Demand Rises Amongst Retail And Institutional Investors, Why This Is Happening

Recently, both institutional and retail investors have shown an increasing interest in Cardano. It is fast becoming the Staking volumes have increased tremendously as the hard fork draws near. And so far, there has been over $31 billion worth of ADA staked ahead of the hard fork. Cardano is a proof of stake blockchain and thus requires less energy to mine than the other top coins in the market.

Related Reading | Cardano (ADA) Becomes The Latest Addition To Grayscale Digital Large Cap Fund

The energy footprint of Cardano is negligible in this regard and thus individuals and institutions who are worried about the mining footprint that the mining of coins like bitcoin and ethereum leaves seem to find safe haven in this Institutional Investment In Cardano

Cardano has so far drawn in over $24 million in institutional investments. Data shows that Cardano investment funds have attracted more investment funds than most other digital assets in the crypto space. With Bitcoin and Ethereum leading the charge of where institutional investors choose to empty their pockets.

The interest in the Grayscale, a known leader of crypto investors, announced earlier that they had included Cardano in their crypto trusts. The

ADA price trading at $1.30 | Source: ADAUSD on TradingView.com

The The relatively low price of the The continuous work being done on the ADA Beats Out Bitcoin To Be Most Held Crypto On eToro

Popular crypto exchange earlier in the month released stats that showed that Cardano’s This showed a 51 percent increase in the amount of ADA being held on the exchange by users. Pushing top How Cardano’s Catalyst Circle Will Improve Its Governance Model

This increase was attributed to the increased growth and use case potential for Cardano’s A lot of this is attributed to investors searching for the next bitcoin. This search has led to more interest in smaller and cheaper coins like ADA where the investors see a lot of potential and what could possibly be the next Source: https://www.newsbtc.com/news/cardano/cardano-demand-rises-amongst-investors/