Crypto fever has gripped markets this year, making stars out of dogecoin, shiba inu and solana, with investors pouring a record $8.9 billion into digital coins – more than in all of 2020: CoinShares

Crypto fever has gripped markets this year, making stars out of dogecoin, shiba inu and solana, with investors pouring a record $8.9 billion into digital coins – more than in all of 2020: CoinShares

Investors have poured more money into crypto so far in 2021 than they did for the whole of 2020, with record amounts flowing into bitcoin and ether, as well as smaller altcoins like sol and ada, according to CoinShares. In the year to November 5, some $8.9 billion have flowed into crypto products, topping the $6.7 billion in inflows for the whole of last year, data from one of the largest crypto platforms in Europe, showed on Tuesday. Bitcoin has seen $6.5 billion inflows in the year to date while ether has seen $1 billion in flows. Solana token sol has logged $154 billion inflows, making it the third most popular crytocurrency of 2021, while cardano's ada has seen $92 billion worth of inflows. November has brought a wave of bullishness to the cryptocurrency market. Bitcoin and ether have hit near $70,000 and $5,000, respectively, this week, while smaller tokens have shot higher, bringing the total value of the crypto market to $3 trillion for the first time. Sol touched a record $260 over the weekend, thanks to its links to decentralized finance applications that are growing in popularity. Crypto coins and products have become more widely accepted across the