Well the past weeks has been bullish in the crypto sector has the financial inflow has grown from institutional investors activities, reporting this new development was coinshares with their latest publication, it was also recorded that the following week was recorded same positive inflow is it signifying that bullish sentiment is around the corner.
Digital asset investment products saw a second week of inflows totaling US$125m, bringing the last two weeks of inflows to US$334m, representing almost 1% of total assets under management (AuM). Recent price appreciation saw AuM rise to US$37bn during the week, the highest point since early June 2022 and matching the average AuM for 2022. Trading activity remained high at US$2.3bn for the week, well above the US$1.5bn year-to-date average.
As predicted I so positive that the next crypto bullish sentiment will be attributed to traditional finance movements. Well really can’t wait for the market to be back the way it was few months ago.
If you see this post on a Web2 ecosystem and you have no clue about what Leofinance is here is a brief definition;
LeoFinance is a blockchain-based Web3 community that builds innovative applications on the Hive, BSC, ETH and Polygon blockchains. Our flagship application: LeoFinance.io allows eusers and creators to engage and share content on the blockchain while earning cryptocurrency rewards.
Over here we refer to users as lions, so are you ready to be a lion here is my referral link See leoglossary for the terms used within this article.
Also don’t forget in contributing to the pHBD-USDC pool, and from statistics it looks like we will be able to archive the set target in a few months, let’s do our own part in h growing the pHBD-USDC liquidity and also take out time to participate in the Leo power up challenge which happens every 15th of each month.
Let’s also connect on some of the web2 platform.
Twitter:Hironakamura