As witnessed recently, the interest of both the institutional and retail investors in Cardano (ADA) is increasing and is becoming the coin of choice for the investors at a good pace. The good news is following Cardano as it has released a roadmap for the Alonzo hard fork that is scheduled to occur in the second quarter of this year. ADA Demand Increases, Know Reasons As the time for the hard fork is coming near, the staking volumes have witnessed a huge increase and so far, there has been over $31 billion worth of ADA staked ahead of the Alonzo hard fork. Cardano being a Proof-of-Stake blockchain, requires less energy to be extracted than other top coins that are present in the market, which makes its carbon footprint really low. This is the main reason why people are leaning to find this asset a safe haven and as a result of this, ADA is having the highest number of staked coins. Talking about the money of institutional investors that is invested in this coin, it stands up to $24 million. Thus, it shows that Cardano Investment funds have managed to attract more funds than other digital assets in the crypto industry. Popular Investors Investing and Appreciating Cardano A well-known leader of the crypto investors, Grayscale Investments made an announcement earlier this year that they had added Cardano to their crypto trusts, making Cardano the third-largest crypto holding of the firm. As compared to other top coins in the market, the price of Cardano is very low and this has been one of the main reasons for the inflow of money in Cardano. In addition to this, the fact that the team behind Cardano is dedicated to proving the capability of the coin can not be ignored as the coin is always under some work.
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