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.

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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.

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The author Kunal

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