The smaller cryptocurrencies rallied sharply on Thursday, enjoying a swell of risk appetite after some concerns around the Evergrande debt crunch.
Investors piled a record amount of money into altcoins last week and solana's sol token was the biggest beneficiary.
"There's a lot of blockchains we want to list that are fairly significant," 29-year old crypto billionaire Sam Bankman-Fried said.
Ether hit its highest since mid-May on Wednesday, swept higher by a wave of investors chasing gains in popular alternatives to bitcoin.
Other major cryptocurrencies are also trading lower on Friday. The market has struggled to rebound since a broader crash in May.
Investors are putting money back into bitcoin and ethereum after a four-week run of outflows, alongside a revival of inflows for all crypto assets.
Polkadot enables transfers across different blockchains, exciting some investors who anticipate that future custom blockchains will need to link up.
"People see May's volatility in many crypto assets as a buying opportunity," said the CEO of Voyager Digital about its Q2 investor survey
Strong inflows lifted ether holdings to record highs. Bitcoin further boosted weekly overall investment into cryptocurrencies to a three month high.
Australia’s wealthiest families are diversifying their portfolios with crypto as they look to new forms of wealth creation. DigitalX, which helps family offices buy up digital assets, says demand is growing for digital currencies as both a against hedge against inflation as well as a growth asset. “They’re intensely competitive, […]