April 24, 2024
Crypto

Why is this Crypto Dominating a HODL Poll this Year? 


As the new year begins, the cryptocurrency community is pondering over which crypto coins are going to see significant price gains over the next twelve months.

Prominent crypto commentator Coin Bureau conducted a recent online survey, indicating that one particular cryptocurrency is currently gaining significant traction.

Users Choose One Crypto to HODL from a Selection of Four

In a survey on X (formerly Twitter), Coin Bureau asks his 836,000 followers which crypto they will be holding in 2024. Using the term “hold on for dear life” (HODL) a common one in the crypto industry, he gives four options, which include SEI, AVAX, SUI and NEAR.

However, among the options presented—SEI, AVAX, SUI, and NEAR—AVAX emerged as the frontrunner. AVAX captured a substantial lead with 43.1% of participants, surpassing the second option, SEI, by approximately 15.6%.

Crypto HODL Poll. Source: Coin Bureau X account
Crypto HODL Poll. Source: Coin Bureau X account

Read more: 4 Best Crypto Learn and Earn Platforms in 2024

Grayscale Adds AVAX to Portfolio

However, this follows news that AVAX was included in prominent Digital asset manager Grayscale’s portfolio.

At the time of publication, AVAX’s price stands at $33.84.

AVAX Price Chart 1 Month. Source: BeInCrypto
AVAX Price Chart 1 Month. Source: BeInCrypto

BeInCrypto recently reported that changes were made to the Grayscale Digital Large Cap Fund. Additionally, the Grayscale DeFi Fund, and Grayscale Smart Contract Platform Ex-Ethereum Fund.

Furthermore, the firm incorporated two major cryptos into its Digital Large Cap Fund, including Ripple’s XRP and AVAX.

Read more: How To Make Money With Cryptocurrency: Top 4 Ways In 2024

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