HashKey Capital To Inject Millions Into Altcoins — Shiba Inu, Dogecoin, And Pepe Coin Set To Soar?
Portfolio Pulse from Murtuza Merchant
Hong Kong-based HashKey Capital, a subsidiary of HashKey Group, is set to launch a secondary crypto market fund focusing on emerging cryptocurrencies. The fund aims to surpass Bitcoin's performance and will not be heavily reliant on Bitcoin and Ethereum, which will constitute less than half of its investments. Instead, it plans to focus on altcoins such as Ripple, Dogecoin, and Shiba Inu. The company, which manages over $1 billion in assets, aims to accumulate $100 million for this fund within a year.
September 01, 2023 | 2:00 pm
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NEGATIVE IMPACT
HashKey Capital's new fund aims to surpass the performance of Bitcoin, indicating a potential shift in investment focus away from Bitcoin.
The new fund's goal to surpass Bitcoin's performance and its focus on altcoins could lead to a shift in investment focus away from Bitcoin, potentially impacting its price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
The new fund from HashKey Capital will not be heavily reliant on Ethereum, which could impact its price.
The fund's decision to not heavily rely on Ethereum could lead to a decrease in demand for Ethereum, potentially impacting its price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 70
POSITIVE IMPACT
Shiba Inu is one of the altcoins that HashKey Capital's new fund will focus on, which could boost its price.
The fund's focus on altcoins like Shiba Inu could increase demand for Shiba Inu, potentially boosting its price.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Ripple is one of the altcoins that HashKey Capital's new fund will focus on, which could boost its price.
The fund's focus on altcoins like Ripple could increase demand for Ripple, potentially boosting its price.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 90