Cryptoverse: Hooked on growth, bitcoin investors turn to smart tokens

Published by
Reuters UK

By Hannah Lang and Lisa Pauline Mattackal (Reuters) – For investors living on the digital edge, bitcoin is starting to look a little old-fashioned. Hooked on high growth, some are turning away from the original cryptocurrency – designed as an alternative to regular cash – in favor of its descendants created as native tokens of blockchain platforms that host smart contracts and apps. MarketVector’s Smart Contract Leaders Index, which tracks major tokens of this kind – including ether, dot and solana – is up 36% in 2023, outpacing even bitcoin’s 33% rise. Solana’s token is up 76% this year. Bund…

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