Which Cryptocurrencies Will Explode As Institutions Shift From Bitcoin And Ethereum Over Time?

TL; DR

Lark Davis predicts that institutional investors like Chainlink and Solana will expand beyond Bitcoin and Ethereum into cryptocurrencies. He sees the current level as a major opportunity to create significant wealth in the crypto market. Chainlink and Solana have recently seen strong institutional interest and price increases.

Noted crypto influencer and entrepreneur Lark Davis (TheCryptoLark on X) is the latest as he believes institutional investors aren't the only assets coming to Bitcoin and Ethereum.

According to Davis, financial giants like BlackRock are poised to embrace not only Bitcoin and Ethereum, but also other popular cryptocurrencies and assets like ChainLink and Solana through the introduction of Exchange-Traded Funds (ETFs). ).

Last time to create life-changing wealth

Davis, for his part, suggests that what could drive the EFF process is the peak of institutional participation — meaning the injection of large amounts of capital into the crypto industry. The investor also warned his followers that this could be the last cycle to create “crazy life-changing generational wealth”.

“BlackRock will acquire Bitcoin, Ethereum, and yes, eventually Chainlink, Solana, etc. ETFs. This cycle is when the institutional money is seen at its peak.

Institutions want to explore Chainlink, Solana

Chainlink has seen a lot of institutional appetite recently, pushing grayscale Chainlink Trust (GLNK) to a 200% premium. According to CryptoPotato, the price of LINK has doubled in the past three weeks. Part of that institutional interest stems from the narrative of Chainlink's future role in real-world assets (RWAs).

Solana has shown huge gains in the past few weeks. The coin has bounced back from major losses this year with a 300% gain. Likewise, Solana's TVL recently brought in more than $465 million—a number not seen since November 2022, the month the world saw the FTX collapse.

The institutions have moved to Solana, which is becoming a darling of investors. According to a report from research firm CoinShares, the Layer-1 network saw $10.8 million in revenue last week.

Bitcoin and Ethereum have both broken ATHs this year, with BTC approaching the $38k mark this week and ETH crossing $2k as BlackRock signaled it could file an ETF.