“Interest Is Significant”: Cash Is Pouring Into Crypto Altcoins At Record Rates

Read more on this subject: Cyberspace and the New Economy
News Story Source: https://www.zerohedge.com, by Tyler Durden
Altcoins like Cardano, Binance Coin and Avalanche have doubled (or, in the case of Avalanche, tripled) over the course of the last month. The altcoin frenzy is taking place at the same time there has been a deluge of interest (and cash) into non-fungible tokens. 

And there's "little consensus" as to what is causing the frenzy, the report says. Some believe people are moving from the "old school" cryptos to newer ones and "cashing in" after big runs. Others believe that the macro environment is simply encouraging speculation in risky assets.

Yoni Assia, founder and chief executive of online exchange eToro, told Bloomberg: "There's no doubt that there's a lot of excitement in crypto. You can definitely see it within the numbers in the industry, whether it's looking at total volumes or looking at growth of companies."

Assia has been referring to the hype as a "generational buying moment" and citing moneta
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