Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Ethereum Forum => Ethereum News & Updates => Topic started by: Magepai on July 02, 2021, 06:26:57 PM
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The fifth-most valuable crypto by market cap will make up 4.26% of the Digital Large Cap Fund. Most of Grayscale’s Digital Large Cap Fund is still Bitcoin (67.47%) and Ethereum (25.39%) but the company wanted to add Cardano, the fifth largest cryptocurrency by market cap, to diversify its portfolio, it said. Cardano is a blockchain platform that competes with the likes of Ethereum. Cardano’s founder, Charles Hoskinson, also co-founded the Ethereum network. The project calls itself the “first third generation cryptocurrency” and, like Ethereum, aims to be a platform on which people can create smart contracts (bits of code that carry out instructions automatically.) source (https://decrypt.co/75091/grayscale-adds-cardano-cryptocurrency-investment-fund)