Europe’s biggest crypto exchange, Kraken, recently revealed the favourite cryptos its high net worth clients choose to buy or invest in.
In its most recent Kraken’s Crypto Sentiment Survey, about 350 participants from the firm’s most active high-net-worth clients revealed their favourite Cryptos apart from Bitcoin.
The high net worth clients most commonly picked crypto assets include Chainlink (LINK), Monero (XMR) Ethereum (ETH), Polkadot (DOT), and XRP.
In the DeFi space, they listed yearn. finance (YFI), Kava.io (KAVA), and Kyber Network (KNC) Uniswap (UNI).
These high net worth individuals also disclosed their Bitcoin price target for 2021. Their responses suggest that the bullish trend prevailing at the crypto market is expected to remain, on the bias that their price target for Bitcoin in 2021 stands at $36,602.
“The median price target is $25,000 and the most commonly submitted target is $20,000. Approximately, 8% of respondents provided a price target greater-than-or-equal-to $100,000. Roughly 20% of respondents reported a price target greater-than-or-equal-to $50,000.”
What you should know
Nairametrics revealed some weeks ago that U.S proprietary trading firms and venture capital companies are now in the buzz of buying cryptos amid the bullish trend playing out at the world’s fast-changing financial market.
- Jump Trading holds at least $75 million in digital assets and is the 8th largest holder of COMP (Compound) tokens, behind a16z and Polychain.
- Jump also holds KEEP (Keep Network), HXRO, NMR (Numeraire), OXT (Orchid), and MKR (Maker). Jump invested an undisclosed amount in Serum and owns 40m SRM (~$32m).
- Andreessen Horowitz, a popular American venture capital firm, owns amounts of the flagship crypto Bitcoin, Ethereum, Filecoin (FIL), Maker, Compound, Celo (CELO), Orchid, Arweave (AR), Keep Network, and Handshake (HNS).