It’s been a rough start for cryptocurrencies this week. While the crypto market is known for volatility, the recent volatility has shaken the investor’s sentiments. As per Santiment data, the one that tracks consumer santiment, says that the strategic confidence in cryptocurrencies is weak.
Cardano, Polkadot, and Solana To See Bull Run Soon!
On April 6th, 2022, ETP was launched and with this launch Cardano (ADA), Polkadot (DOT), and Solana (SOL) are expected to continue their bull run despite the current downfall. Valour, a Swiss asset-management company, is all set to launch Cardano, Polkadot, and Solana-linked three exchange-traded products in Europe.
Starting on April 6th, the three ETPs will start trading on the European exchanges in Paris, France, and Amsterdam, The Netherlands.
The three exchange-traded products will track Cardano, Polkadot, and Solana price actions. The ETP’s exchange fee is set at 1.9%.
While talking about the entry of large institutions into the Crypto ETP market, DeFi Chief Executive Officer Russell Starr states that “More large institutions will enter and we expect even greater competition on pricing. What will differentiate the winners and losers is expertise in product innovation and a hyper-focus on providing added value to investors.”
It is to be noted that WisdomTree, also an asset management firm, has launched Cardano, Polkadot, and Solana-related exchange-traded products on the European exchanges in Paris and Amsterdam. Hence, these ETP introductions will push the price of Cardano, Polkadot, and Solana with growing demand.
Through the launch of ETPs through these regulated exchanges, European investors will be exposed to cryptocurrencies like Solana, Cardano, and Polkadot.
Solana price is set to reach $150 in April as there is a bullish divergence pattern on daily price charts.
At the time of writing, Cardano, Polkadot, and Solana are trading at $1.20, $22.30, and $131.58 respectively where ADA has increased by 2.67% and Polkadot decreased by 3.16% along with Solana plunging by 3.88%.