Cardano poised to ride institutional adoption wave
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The crypto sector indices are divided into five categories: currencies, smart contract platforms, financials, consumers and culture, and utilities and services. The Crypto Sector Indices include coverage of over 150 protocols, which will be reassessed quarterly to reflect the dynamic nature of the crypto asset class.FTSE Grayscale smart contract platforms crypto sector index includes crypto assets that serve as the baseline platforms upon which self-executing contracts are developed and deployed.
Gambardello anticipates that with the introduction of the crypto sector indices, the door could be wide open for institutional exposure to Cardano. He cites Cardano's inclusion in the former Ethereum Smart Contract Fund, wherein it makes up 24% of the weighted average., Grayscale Investments CEO Michael Sonnenshein said investors have increasingly expressed interest in diversifying beyond crypto's largest assets, Bitcoin and Ethereum.
Gambardello believes that an institutional wave is coming for more than just Bitcoin and that Cardano, as a blue-chip cryptocurrency, is poised to ride it.Tomiwabold is a cryptocurrency analyst and an experienced technical analyst. He pays close attention to cryptocurrency research, conducting comprehensive price analysis and exchanging predictions of estimated market trends. Tomiwabold earned his degree at the University of Lagos.
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