The broader cryptocurrency market has seen other dips over the past few days. But despite all this, institutional investors and whales continue to save even as conditions for the crypto winter have worsened. Especially these 2 cryptocurrencies have attracted the attention of investors.
Cryptocurrency whales gravitate towards these altcoins
Native altcoins of leading enterprise-based blockchain protocol VeChain (VET) and VeChainThor Energy (VTHO) are attracting attention. As developments continue on the network, it is attracting interest among large cryptocurrency whales. In particular, the popularity of the carbon-neutral platform is growing during the FIFA World Cup period currently underway in Qatar.
"As the world's leading enterprise-level blockchain platform, VeChain is a member of the Climate Chain Alliance (CCC) and provides carbon neutral consulting services, actively responds to carbon neutral policies, and demonstrates the responsibility of climate governance." 🌱 pic.twitter.com/atbHCht1V1
— eisenreich (@eisenreich) November 24, 2022
VeChain is known as an enterprise-level blockchain and member of the Climate Chain Alliance (CCA). Furthermore, the project aims to provide carbon neutral advisory services to Qatar during the ongoing FIFA World Cup.
However, various data metrics show that Qatar will produce around 3.6 million tons of carbon emissions before the football Mundial ends. However, Qatar states that it has taken every step to reduce carbon emissions during the design and preparation phase.
Thanks to its features, VET became one of the followed altcoins
With all this, the blockchain ecosystem continues to be adopted more broadly. It’s also not surprising that VET is one of the most sought after cryptocurrencies taken by whales. VET may continue to rise if VeChain’s performance continues.
According to analysts, it is likely to be among the most popular tokens. VeChain’s is up 1.18 percent in the last 24 hours. It is currently trading at $0.01896.
Coinbase conducted a survey among cryptocurrency investors
Institutional investors are increasing their crypto holdings despite the bearish market trend, according to a survey by Coinbase. The US-based crypto exchange included 140 institutional investors in its study between September and October. Coinbase states that the accumulated tokens represent $2.6 trillion in assets under management (AUM).
Some highlights from our recent survey with @instinvest. See all the results and read the full report here: https://t.co/ROz0rWGkmz pic.twitter.com/AeQ3uttECH
— Coinbase Institutional (@CoinbaseInsto) November 22, 2022
Also, the survey showed that the market cap is still in the $1 trillion range, despite the drop at the end of October. From the survey, 62 percent of respondents plan for the long term by investing in core crypto assets compared to last year. Only 12 percent of them reported a reduced savings for their crypto investments.
Furthermore, 58 percent of respondents indicated that they would like to expand their crypto investment portfolio in the next three years. However, 6 percent announced that they will reduce their crypto holdings. According to the data obtained from the survey, despite the decreases, investors still continue to buy. Despite the crypto winter, 72 percent of large-scale investors believe cryptocurrencies will come.
