Dubai-based crypto investment fund FD7 will invest $1B Bitcoin Fund
Smart contracts-based blockchain platform Cardano is now currently undergoing massive value unlocking as its native cryptocurrency ADA unsettles Binance Coin (BNB) to become the third-largest crypto by market capital.
Cardano (ADA) price is up 23% hitting its new-all time high of $1.33 with its market cap shooting past $41 billion.
It’s been wild rally so far in 2021 for Cardano’s ADA cryptocurrency registering over 630% gains year-to-date. The recent price rally comes as Dubai-based crypto investment fund FD7 ventures has announced major investments ahead in Cardano over the next month.
Read Also: Cardano (ADA) to activate Mary Upgrade soon
As per the press release, FD7 ventures will liquidate 75% of its $1 billion Bitcoin fund and increase its positions in ADA and Polkadot (DOT). The investment firms believes that an increase in its altcoin holding will better serve FD7 investors.
Continue reading on coinmarketcap.com