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Monday, November 29, 2021

Strong fundamentals push Dent, Arweave (AR) and Enzyme (MLN) price higher

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According to a report by Coinshares, as of March 20, the weekly inflows into institutional crypto products has declined by about 59% when compared with the previous week. This suggests that institutional investors are taking a cautious approach after the recent bull run.

However, that does not mean the institutional investors are dumping their holdings just yet. The report highlights that the total assets under management of crypto investment products hit a new high at $57 billion. 

Crypto market data daily view. Source: Coin360

While the crypto bull market is still intact, a report by Glassnode suggests it could be entering into its later stages. The on-chain analytics provider believes that Bitcoin’s (BTC) “wealth transfer” from long-term investors to new entrants is in process. 

Glassnode is not the only one to sound a warning on the maturing bull market. Chinese mining pool BTC.top CEO Jiang Zhuoer is projecting the bull market to end by September.

However, untill then, several tokens could provide attractive returns to investors. Let’s study the fundamentals and the charts of three such tokens.