Polkadot (DOT) Is Top Altcoin Held by VCs and Hedge Funds in Fourth Quarter Of 2021

According to Messari’s fund analysis, Polkadot (DOT) is the top altcoin held by venture capitals and hedge funds.

According to Messari’s analysis, Polkadot (DOT) was the most commonly held altcoin in the fourth quarter of 2021, as 24 out of 57 tracked funds invested in the blockchain project, representing about 42% of crypto held by VCs and hedge funds in Q4 2021, followed by Oasis Network (ROSE) and Near Protocol (NEAR).

Currently, Polkadot (DOT) is the 12th largest cryptocurrency with a market cap of $17.5 billion and trading at $17.68, with a relatively 4% price upsurge in the last 24 hours, according to CoinMarketCap.

It’s worth noting that the cryptocurrency has lost over 50% of its all-time high price of $54.5, which was attained in November 2021.

The analysis did not include Bitcoin (BTC) and Ethereum (ETH), as Messari assumes most VCs and hedge funds hold a huge amount of the two largest digital currencies.

Nodle Network Wins Polkadot’s 11th Auction

As announced a couple of hours ago, Nodle, a crowdsourced decentralized IoT network, won Polkadot’s 11th auction.

According to the report shared via the official Twitter of Polkadot blockchain, Nodle will be onboarded at block number 9,388,800, which is estimated to take place today 11th March 2022.

Polkadot tweeted, “Congratulations to Nodle Network on winning Polkadot’s 11th auction! Nodle will be onboarded at block #9,388,800 [roughly March 11, 2022] at the beginning of lease 7 with the other winners from auctions 6-11. Over 4.7K network stakeholders locked up DOT in favor!”

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Tobi Loba

Tobi Loba is a passionate writer with a vast interest in the stock market. She joined the crypto ecosystem about three years ago and has written lots of ebooks and articles in relation to cryptocurrency and blockchain projects. Tobi Loba earned her degree at the University of Ibadan.