One of the world’s leading cryptocurrency exchanges OKCoin, He made an important research on the crypto money sector and shared the results of it.
After emphasizing that the individual investor-focused sector suddenly became institutional investor-focused in 2021, Okcoin underlined that the volume also increased significantly.
Which Altcoins Is The Institutional Investor Focusing On?
Looking at the results of the research published on October 26, it is seen that the interest of institutional investors increased by 450% between September 2020 and September 2021. In addition, it is emphasized that the volume created by institutional investors increased by 124%.
In the report, it is stated that 53% of the purchases made by institutional investors in September consisted of altcoins.
This actually shows that more altcoins are purchased than Bitcoin and that the institutional altcoin craze has begun.
It is stated that institutions are especially gravitating towards “younger” assets and cryptocurrencies such as MiamiCoin (MIA) are attracting attention. The city of Miami’s own cryptocurrency has certainly garnered serious attention. In addition, it is reported that another cryptocurrency that institutional investors draw attention to is Avalanche (AVAX).
In OKcoin’s report, it is emphasized that institutional investors are also interested in the DeFi sector, and that the volume of Solana and Ethereum in particular has increased like this.
It is seen that the interest in Solana exceeds the interest in both BTC and ETH. In fact, looking at the recent rise of the SOL price, it can be clearly seen how accurate this report is. The rise of SOL still continues.