Whales, retail investors and institutional investors are all types of crypto-market participants. Retail investors includes the average Joe while institutional investors is larger firms.
Institutional Investment in XRP: A Comprehensive Analysis
A recent study suggests that study In a study conducted by EY-Parthenon International Strategic Consulting Firm, over 20% of institutional investor admitted that they had invested in XRP..
Study participants and demographics
The study included 277 institutional investors including CEOs and COOs. Respondents included asset owners, asset managers, asset managers, asset managers, wealth management firms, and hedge funds.
Around 90 people were Europeans, with at least 147 Americans. Among the other respondents were institutional investors from Latin America (including Canada) and Asia-Pacific. One member of the XRP group brought it to our attention.
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Bitcoin Allocation among Institutional Investors
This image shows the majority of cryptocurrency allocated to Bitcoin (BTC), and Ethereum (ETH).
Around 78% of the respondents said that they had allocated their company to BTC, while 98% stated that ETH was their investment. XRP was beaten by Solana, which had 24% investors.
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XRP Market’s Performance and Forecasts
At the time of publication, XRP traded at $0.5964 after a small drop in the last 24 hours. The asset, unlike the rest of market saw an increase of only 2% over the course of the week.
Changelly’s data predicts a positive week for XRP. After a rise of 35% from its present level, XRP may surge up to $0.82000.
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Such a rise would be revolutionary to its owners and could bring in a large number of new investors.
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Source: watcher.guru