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New alliances and protocol enhancements have helped to support the recent powerful rallies in Horizen, Hedget, and Zcash.
On the day Coinbase Global Inc. (COIN) went public, three of Cathie Wood’s ARK exchange-traded funds purchased almost $246 million in stock. Amplify Transformational Data Sharing ETF (BLOK), another fund, also bought COIN stock. These transactions demonstrate that ETFs are willing to participate in the cryptocurrency development tale.
Blackrock CEO Larry Fink, on the other hand, has a different viewpoint. Fink stated that institutional investors were intrigued by cryptocurrency, but that this did not translate into demand from institutions around the world.
One of the causes for the lack of demand may be the sudden rise of Bitcoin and other cryptocurrencies. According to a recent Bank of America survey of skilled investors, 74% say Bitcoin (BTC) is in a bubble.
Such critiques of cryptocurrencies are not fresh. Traders that disregard the chaos and buy intrinsically good coins usually make massive long-term returns.
Let’s revisit three tokens that Cointelegraph examined earlier this year and see whether they’ve maintained their upward trend.