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bitcoin
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Polkadot, Cardano, Litecoin Entice $6.3 Million Inflows in Epic Market Growth

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In accordance with the newest CoinShares report, main cryptocurrencies Polkadot (DOT), Cardano (ADA) and Litecoin (LTC) have collectively attracted a whopping $6.3 million in inflows amid an epic market growth, signaling renewed investor curiosity in these digital property.

Litecoin attracted $2.3 million in inflows; Cardano and Polkadot drew $1.2 million and $3.1 million, respectively.

The inflow of funds into Polkadot, Cardano and Litecoin follows a broader rally within the cryptocurrency market up to now week, with many digital property not too long ago setting new highs earlier than retreating.

The optimistic inflows spotlight the rising enchantment of those cryptocurrencies as traders search publicity to property aside from Bitcoin.

In accordance with CoinShares, digital asset funding merchandise had file weekly inflows of $2.9 billion, surpassing the earlier week’s all-time excessive of $2.7 billion. This raises year-to-date inflows to $13.2 billion, exceeding the $10.6 billion complete inflows for 2021.

Then again, good contract platforms like Ethereum, Solana and Polygon had outflows of $14 million, $2.7 million and $6.8 million, respectively.

Bitcoin had $2.86 billion in inflows final week, accounting for 97% of complete inflows yr so far.

On the time of writing, Polkadot, Cardano and Litecoin have been exhibiting combined value motion as a number of cryptocurrencies skilled profit-taking on the again of the Bitcoin value drop.

Polkadot (DOT) was up 2.91% within the final 24 hours to $10, Cardano (ADA) is buying and selling at $0.664, down 1.74% within the final 24 hours and Litecoin (LTC) was down 2.71% in the identical timeframe to $83.06.

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