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Institutional investors have been hailed for bringing maturation to the cryptocurrency market. One project that has enjoyed this trend in 2023 is Solana. In other news, the excitement from a Bitcoin spot ETF approval has caused prices to rise. The two cryptos that have benefited from this trend are XRP and Bitcoin Spark.
Summary:
- Solana leads altcoin investment inflow with $15.5 million.
- XRP price has reached a two-month high of $0.5642.
- Bitcoin Spark has introduced Proof of Process to democratize mining.
Solana Leads Institutional Investment Inflows for Altcoins
In 2023, the Solana news has been predominantly positive. One of the top trends has been the increasing interest from institutional investors. The latest report from Coinshares shows the Solana coin as the most-loved altcoin by institutional investors.
Last week, Solana received $15.5 million from institutional investors. On the flipside, Ethereum saw outflows. Year-to-date, Solana now has $74 million in institutional investment inflows, second only to Bitcoin.
Similarly, the Solna chart has been bullish. On the monthly chart, the Solana price has increased by 65%. The price movement is making SOL one of the best-performing coins to watch.
XRP Price Rallies To Two-Month High
If you have been in crypto, you would know the importance of spot ETFs. There are now speculations that a spot Bitcoin ETF could be approved soon. Riding on this wave, the XRP price has been increasing.
The XRP value has set a new two-month high. Some analysts expect Ripple to win the XRP lawsuit against the Securities and Exchange Commission.
According to its price performance, XRP could explode if it happens. Some experts have given a price forecast that XRP will rally to $3.
Bitcoin Spark (BTCS) To Democratize Mining
Mining is an important process in securing the Bitcoin blockchain. However, it requires a lot of energy and expensive GPUs. Because of this, only a few individuals have access to mining facilities. Bitcoin Spark has launched to solve this problem and democratize mining.
This will be possible as Bitcoin Spark operates on a unique Proof of Process. This will allow everyone with access to a smart device to mine BTCS tokens. More miners also means greater security for the Bitcoin Spark network.
Bitcoin Spark is a fork of the Bitcoin network, but it’s designed in a way that attempts to be faster and has lower transaction fees than Bitcoin.
These interesting features make Bitcoin Spark an upgrade of the Bitcoin network in the eyes of some. As a result, the crypto presale has been hugely followed by investors. In Phase VIII of its initial coin offering (ICO), with BTCS pricing at $3.25 per token.
For more information on the Bitcoin Spark Presale, visit the links below:
Website: https://bitcoinspark.org/
Visit BTCS Presale: https://network.bitcoinspark.org/register
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