Bitcoin is receiving most of the attention among this type of virtual currency, especially for its recent and meteoric rally, but institutional investors may be looking for the next big bet.
The so-called larger cryptoactives (capitalization) have outperformed their smaller counterparts, according to Rob Sluymer, technical strategist at Fundstrat. This analyst sees this as evidence that some larger players may be looking for new investments within this asset class. Some of them, like the ethereum, are already reaching considerable levels of capitalization.
"Cryptocurrencies such as ripple, litecoin, NEM and zcash, to name a few, have shown good performance and may have a materially superior potential," says Sluymer, "which could reflect a new institutional interest beyond the bitcoin with a focus on liquidity. "