For years, Bitcoin enthusiasts have been expecting a significant change in the value due to the involvement of institutional investors. The concept was simple: as companies and large financial entities invest in Bitcoin, the market would experience explosive growth and a sustained period of rising prices. However, the actual outcome has been more complex. Although institutions have indeed invested substantial capital in Bitcoin, the anticipated ‘supercycle’ has not unfolded as predicted. Institutional participation in Bitcoin has significantly increased in recent years, marked by substantial purchases from large companies and the introduction of Bitcoin Exchange-Traded Funds (ETFs) earlier this year.
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Venture capitalists increased their investments in crypto projects in the second quarter of 2024 amid a slowdown in the market, Bloomberg writes, citing a PitchBook report. Investments in cryptocurrency companies during this period amounted to $2.7 billion, which is 2.5% more than in January-March. This is the third consecutive quarterly increase in the total value of investments. The overall rise in cryptocurrency prices this year and the ongoing institutional adoption of digital assets suggests that fundraising will continue to grow, according to PitchBook analyst Robert Le.
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A well-balanced portfolio includes traditionally established cryptocurrencies and emerging projects that carry slightly more risk, and memecoins are a great way to ensure this. Memecoins have proven incredible profit opportunities, provided you choose the right ones. While deciding which projects to back is daunting, certain memecoins stand out for their unique features and abilities. Husky Inu ($HINU), Brett ($BRETT), Pepe ($PEPE), and Bonk ($BONK) are great additions to any portfolio. Let’s dive into these prime candidates. Husky Inu ($HINU): Primed For Exceptional Growth The newly launched Solana-based memecoin Husky Inu ($HINU) is a must-buy item to add to any portfolio. The hidden gem recently launched the presale for its native token, $HINU, with great success. The first stage of the $HINU presale sold out within days, and its second presale stage is well underway. Since its launch, the presale generated over $192,000 and currently sells for the bargain price of $0.0001000.
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