Cardano (ADA): From the Perspective of an Institutional Investor By DailyCoin

Cardano (ADA): From the Perspective of an Institutional Investor

Cryptocurrency Jul 07, 2021 07:30AM ET

This article has already been saved in your Saved Items

Cardano (ADA): From the Perspective of an Institutional Investor

Institutional investments in Cardano have risen steadily over the last few months.
The reason for the increase of institutional interest can be linked to environmental sustainability and technological advancements made in the network.
Cardano has entered into a series of high-profile partnerships with COTI and Lykke, and the establishment of a Cardano Trust indicates a further influx of funds into the network.
Cardano recently reached its all-time high of $2.46 amid dwindling fortunes in the cryptocurrency sector.

Cardano has had a stellar 2021 following a strong performance in its prices and a series of impressive milestones. This run of form formed the basis for institutional interests for the network as investments poured in.

In particular, May marked a significant spike in the number of institutional investments into cryptocurrencies as institutions are cognizant of the environmental sustainability of projects.

Cardano’s Increasing Institutional Investments

Cardano has been stacking up institutional investments over the last few months, with $20 million worth of investments since the start of the year.

May proved to be a good month for the cryptocurrency as it saw the highest weekly inflow of funds from institutions.

A record high of $10 million was poured into Cardano following a decline in interest in BTC and ETH. In comparison, the week in review saw huge outflows from BTC and ETH of $110.9 million and $12.6 million respectively.

Recently, Cardano struck a series of high-profile partnerships with top players in the industry. In July, it entered a partnership with Lykke Corp, a Swiss blockchain firm. Before that, Cardano struck another partnership with COTI to act as a payment gateway provider for Cardano.

Grayscale’s announcement of the Cardano Trust was received with positivity as it opened Cardano to even more institutional investors.

Why is Cardano Appealing to Institutional Investors

Several reasons can be deduced for the institutional interests in Cardano. Most prominent is the environmental sustainability that Cardano offers as it uses a proof-of-stake model.

Environmental discussions came to a head following Elon Musk’s decision to stop Tesla (NASDAQ:TSLA) from accepting Bitcoin due to high energy consumption and climate concerns plaguing the mining process.

Institutional investors turned to Cardano, hailed as a “green coin” by cryptocurrency experts. Big money flowed out of Bitcoin into Cardano that led to the asset reaching an all-time high of $2.46.

Furthermore, technological advancements like the Mary hard fork and the Alonzo upgrade have introduced smart contract functionalities, making them appealing to investors.

On the Flipside

Mike Novogratz, CEO of Galaxy Holding has referred to Cardano as a “weird cult”
In the interview, Mike Novogratz also stated that he finds the valuation of Cardano shocking
Cardano’s founder, Charles Hoskinson replied to Novogratz’s statement saying that the billionaire is irked at not seeing a way to get in at a favourable price or “manipulate the market.”

Cardano’s Metrics

The flow of institutional investment and high-profile partnerships has resulted in positive support for Cardano. Amid severe bearish sentiment in May, Cardano remained bullish and forged ahead to reach an all-time high of $2.46.

Presently, Cardano is ranked as the fifth-largest cryptocurrency in terms of size, with a market capitalization of $42 billion and has gone on to celebrate the milestone of over 1 million wallets.

Cardano has a max supply of 45,000,000,000 ADA and out of this number, 31.9 billion ADA are in circulation. It is impressive to note that $31 billion worth of Cardano is staked in over 650,000 staking addresses.

EMAIL NEWSLETTER

Join to get the flipside of crypto

Upgrade your inbox and get our DailyCoin editors’ picks 1x a week delivered straight to your inbox.

[contact-form-7] You can always unsubscribe with just 1 click.

Continue reading on DailyCoin

Fed to issue long-awaited guidelines for granting master accounts to crypto banks By Cointelegraph - Aug 16, 2022

The United States Federal Reserve Board announced Monday that it had finalized its guidelines for the factors reserve banks are to consider when reviewing requests for Federal...

Function over fun? Analyst says P2E games don’t need to be ‘fun’ to retain users By Cointelegraph - Aug 16, 2022

Play-to-earn (P2E) blockchain-based games gathered investors’ attention in late 2021, with Axie Infinity leading the pack with over 2 million active users. In P2E games,...

BlockFi tops the Inc. 5000 list with almost 250,000% revenue growth in three years By Cointelegraph - Aug 16, 2022

Inc. magazine has named BlockFi the fastest growing company in the United States in 2022. At the top of the magazine’s Inc. 5000 2022 list, it experienced 245,616% growth, a...

Add a Comment

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:

Enrich the conversation, don’t trash it.
Stay focused and on track. Only post material that’s relevant to the topic being discussed.
Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.
Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

I have read Investing.com's comments guidelines and agree to the terms described.

I Agree

Write your thoughts here

Are you sure you want to delete this chart?

Delete Cancel

Post

Post also to:

Replace the attached chart with a new chart ?

Replace Cancel

1000

Comment Guidelines

Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.

Please wait a minute before you try to comment again.

Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.

<div id="comment">
				<div class="comment js-comment" data-comment-id="{commentID}" id="comment-{commentID}" data-user-id="">
    <div class="mainComment js-content">
       <div class="commentInnerWrapper">
        <a href="{userLink}" class="js-user-link"><img src="{userImage}" width="33" height="33" alt="{usernameAlt}" class="img" onerror="this.src='https://i-invdn-com.investing.com/defaultUserMaleTmp.png';"></a><div class="commentBody">
                					<span class="commentUsername">
                    	<a href="{userLink}" class="js-user-link js-user-name">{username}</a>
					</span>
                                <span class="js-date" comment-date="{dateFormat}" comment-date-formatted="{dateFormatted}" title="{dateTitle}">Just Now</span>
                <div class="commentDropDown js-commentDropDownWrapper " data-user-id="" data-cid="{commentID}">
	<a href="javascript:void(0);" class="threeDotsIconSmall js-thinDropdownArrow"></a>
	<div class="tooltipPopup commentActionsPop noHeader js-commentDropDownOptions displayNone">
		<div class="addRow js-option share">
			<a href="javascript:void(0);" class="js-commentSharePopup" data-cid="{commentID}" data-curl="{commentLink}"><span class="smallShareIcon middle"></span>Share</a>
		</div>

<div class="js-option addRow follow">
            <div class="js-follow-post-button">
                <span class="alertfollowIcon middle"></span>Follow this post            </div>
            <div class="js-unfollow-post-button displayNoneImp">
                <span class="alertUnfollowIcon middle"></span>Unfollow this post            </div>
        </div>

<div class="addRow js-option save">
		<a href="javascript:void(0);" class="js-save-item-btn" data-item-type="comments" data-item-id="{commentID}">
			<i class="saveItemBigIcon middle"></i>
			Save		</a>
	</div>
	<div class="addRow saveItemsConfirmation noHover displayNone js-saveItemResult">
		
<div class="content js-saveItemSuccess displayNone">
	<span class="mediumGreenSuccessIcon"></span><span>Saved. See <a href="/members-admin/saved-items" target="_blank">Saved Items</a>.</span>
	<a href="javascript:void(0);" class="bugCloseIcon js-close"></a>
</div>
<div class="content js-saveItemAlreadySaved saveItemAlreadySaved displayNoneImp">
	<span>This comment has already been saved in your <a href="/members-admin/saved-items" target="_blank">Saved Items</a></span>
	<a href="javascript:void(0);" class="bugCloseIcon js-close"></a>
</div>
	</div>

<div class="addRow shareButtons js-sharePopup displayNone">
			<div class="js-shareComment"><span class="js-shareCommentSpan"></span></div>
		</div>
	</div>
</div>
                 <div class="commentAuthor js-comment-by-author"><span class="commentAuthorIcon"></span>Author's response</div>             </div>
		<div id="commentText-{commentID}" class="js-text-wrapper commentText withImage">
							<div id="commentBigChart{commentID}" class="commentBigChart js-comment-chart" onclick="openViewChartPopup('{commentID}')">
					<img src="https://d1-invdn-com.investing.com/comments_images/{commentImage}" alt="{commentAlt}">
					<i class="newMagnifyChartIcon"></i>
				</div>
						<span class="js-text">{commentContent}</span>
			<div class="clear"></div>
							<div class="commentButtons js-not-master-user">
					<a href="javascript:void(0)" class="reply js-reply-btn" data-real-parent-id="{commentID}" data-to-user-name="{username}" data-to-user-id="">Reply</a>
					<div class="inlineblock likeDislikeBox js-like-dislike-box" data-item-id="{commentID}">
	<input class="js-like-checkbox" type="checkbox" name="option" value="Yes" id="like_{commentID}">
	<label for="like_{commentID}" class="like" title="I agree"></label>
	<span class="numOfLikes js-like-count lighterGrayFont">0</span>
	<input class="js-dislike-checkbox" type="checkbox" name="option" value="No" id="dislike_{commentID}">
	<label for="dislike_{commentID}" class="dislike" title="I disagree"></label>
	<span class="numOfDislikes js-dislike-count lighterGrayFont">0</span>
</div>

<div class="reportComment js-flag float_lang_base_2">
                            <a href="javascript:void(0);" id="commentFlag_{commentID}">
                                <span class="reportCommentIcon middle"></span><span class="inlineblock middle">Report</span>
                            </a>
                        </div>
                    				</div>
					</div>
	   </div>
	</div>
	</div>			</div>
			<div id="reply">
				
    <div class="commentReply js-comment js-comment-reply" data-comment-id="{commentID}" id="comment-{commentID}" data-user-id="">
		<div class="commentInnerWrapper"><a href="{userLink}" class="js-user-link"><img src="{userImage}" width="33" height="33" alt="{usernameAlt}" class="img" onerror="this.src='https://i-invdn-com.investing.com/defaultUserMaleTmp.png';"></a><div class="commentBody js-content">
            				<span class="commentUsername">
					<a href="{userLink}" class="commentUsername js-user-link js-user-name" onMouseOver="">{username}</a>
				</span>
                        <span class="js-date" comment-date="{dateFormat}" comment-date-formatted="{dateFormatted}" title="{dateTitle}">Just Now</span>
			 <div class="commentAuthor js-comment-by-author"><span class="commentAuthorIcon"></span>Author's response</div> 			<div class="commentDropDown js-commentDropDownWrapper " data-user-id="" data-cid="{commentID}">
	<a href="javascript:void(0);" class="threeDotsIconSmall js-thinDropdownArrow"></a>
	<div class="tooltipPopup commentActionsPop noHeader js-commentDropDownOptions displayNone">
		<div class="addRow js-option share">
			<a href="javascript:void(0);" class="js-commentSharePopup" data-cid="{commentID}" data-curl="{commentLink}"><span class="smallShareIcon middle"></span>Share</a>
		</div>

</div>
		<div id="commentText-{commentID}" class="js-text-wrapper commentText withImage">
							<div id="commentBigChart{commentID}" class="replyBigChart displayNone js-comment-chart">
					<img src="https://d1-invdn-com.investing.com/comments_images/{commentImage}" alt="{commentAlt}">
					<i class="newMagnifyChartIcon"></i>
				</div>
				<span id="commentSmallChart{commentID}" class="commentSmallChart pointer js-comment-chart" onclick="openViewChartPopup('{commentID}')">
                    <img src="https://d1-invdn-com.investing.com/comments_images/{commentImageSmall}" width="116" height="52" alt="{commentAlt}">
                    <span class="chartMagnifyOverlay displayNone"></span>
                    <span class="searchGlassIcon chartMagnify displayNone"></span>
                </span>
						<span class="js-text">{commentContent}</span>
			<div class="clear"></div>
							<div class="commentButtons js-not-master-user">
					<a href="javascript:void(0)" class="reply js-reply-btn" data-real-parent-id="{commentID}" data-to-user-name="{username}" data-to-user-id="">Reply</a>
					<div class="inlineblock likeDislikeBox js-like-dislike-box" data-item-id="{commentID}">
	<input class="js-like-checkbox" type="checkbox" name="option" value="Yes" id="like_{commentID}">
	<label for="like_{commentID}" class="like" title="I agree"></label>
	<span class="numOfLikes js-like-count lighterGrayFont">0</span>
	<input class="js-dislike-checkbox" type="checkbox" name="option" value="No" id="dislike_{commentID}">
	<label for="dislike_{commentID}" class="dislike" title="I disagree"></label>
	<span class="numOfDislikes js-dislike-count lighterGrayFont">0</span>
</div>

Are you sure you want to delete this chart?

Delete Cancel

Post

Replace the attached chart with a new chart ?

Replace Cancel

1000

Comment Guidelines

Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.

US 30	34,123.3	-28.7	-0.08%
US 500	4,303.0	-2.2	-0.05%
Dow Jones	34,152.01	+239.57	+0.71%
S&P 500	4,305.20	+8.06	+0.19%
Nasdaq	13,102.55	-25.50	-0.19%
S&P 500 VIX	19.69	-0.26	-1.30%
Dollar Index	106.390	-0.043	-0.04%

Crude Oil WTI	86.95	+0.42	+0.49%
Brent Oil	92.76	-2.34	-2.46%
Natural Gas	9.357	+0.007	+0.07%
Gold	1,790.60	+0.90	+0.05%
Silver	20.093	-0.002	-0.01%
Copper	3.6248	-0.0002	-0.01%
US Soybeans	1,381.75	-30.50	-2.16%

SPDR S&P 500	429.70	+0.84	+0.20%
iShares Russell 2000	200.99	-0.08	-0.04%
Invesco QQQ Trust	332.28	-0.78	-0.23%
Direxion Daily Junior Gold Miners Bull 2X Shares	35.89	-0.19	-0.53%
iShares Silver	18.57	-0.11	-0.59%
ProShares Ultra VIX Short-Term Futures	8.98	+0.07	+0.79%
ProShares UltraPro QQQ	38.64	-0.25	-0.64%

Apple	173.03	-0.16	-0.09%
Alphabet A	121.70	-0.38	-0.31%
Tesla	919.69	-8.27	-0.89%
Amazon.com	144.78	+1.60	+1.12%
Netflix	245.69	-3.42	-1.37%
Meta Platforms	179.47	-1.42	-0.79%
Bank of America	36.64	+0.39	+1.08%

Cardano (ADA): From the Perspective of an Institutional Investor

Related Articles