In a surprise decision, institutional investors are changing the amount of capital they have allocated to the cryptocurrency markets with a different altcoin investment. According to CoinShares, crypto investment products have seen inflows from institutions for the 12th consecutive week.
CoinShares: This altcoin tops the list of institutional investors
It looks like Tron (TRX) has rallied near the top of the altcoin chart, registering $21.9 million in market entry last week. Ethereum, Solana (SOL), Polkadot (DOT), Cardano (ADA), and XRP have also recorded notable weekly entries, according to the crypto investment firm.
TRON, which has caught the attention of investors this week, is a Blockchain-based operating system that aims to ensure that this technology is suitable for daily use. Bitcoin can process up to six and Ethereum up to 25 transactions per second, while TRON claims its network is capable of 2,000 TPS. This project is best described as a decentralized platform focused on content sharing and entertainment, and one of its biggest acquisitions for this purpose was the file sharing service BitTorrent in 2018.
Overall, TRON has divided its targets into six phases. These include providing simple distributed file sharing, driving content creation through financial rewards, allowing creators to launch their own personal tokens, and decentralizing the gaming industry. TRON is also one of the most popular Blockchains used to create DApps. At the time of writing, TRX is changing hands at $0.1099, down 4.21 percent.
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