The original cryptocurrency is starting to look old-fashioned
For investors living on the digital edge, bitcoin is starting to look a little old-fashioned.
Bundeep Rangar, CEO of crypto-focused asset manager Fineqia, said he expected the biggest crypto returns to come from smart contract tokens on platforms that support decentralized finance apps. Around seven of the top 20 biggest crypto assets are smart contract tokens, including ether and dot, solana and cardano.
The cryptocurrency’s 30-day correlation with the Nasdaq turned negative on Feb. 23 for the first time since early December, where a measure of 1 indicates the two assets are moving in lockstep.
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