A surge in investment from institutions is driving the growth of alternative cryptocurrencies (altcoins), according to a recent analysis by Bloomberg expert James Seyffart. His analysis reveals that institutional buy-ins are playing a key role, particularly when individual investors remain cautious. Notably, firms like DATCO are increasing their altcoin holdings, contributing to price increases. 📈 For instance, the Nasdaq-listed BNB Network Company’s recent investment in BNB has made it the largest holder of BNB globally. This acquisition follows BitMine’s substantial purchase of Ethereum, highlighting a trend of large institutional players taking a proactive role in the crypto market.