According to Messari’s fund analysis, almost 42% of venture capital and hedge funds investing in crypto are depending on Polkadot’s smart contracts platform’s success.
Polkadot was the most popular altcoin in Q4 of last year, with 24 of the 57 funds tracked investing in it.
Following Polkadot, the most popular assets among VCs and hedge funds were Oasis Network (ROSE) and Near Protocol (NEAR).
Polkadot is the 11th most valuable cryptocurrency, with a market capitalization of US$18.7 billion. Then, and is now trading at US$17.12, less than half its all-time high of US$54.98 set in November of last year.
Because Messari thinks that most funds own the two leading cryptocurrencies, Bitcoin and Ethereum were not included in the analysis.
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