Grayscale Investments, a leading crypto asset manager, has recently made significant adjustments to its Digital Large Cap (DLC) Fund, drawing attention to its strategic reallocation of assets. 

In a surprising move, Grayscale divested from Cardano (ADA) and redirected the proceeds towards acquiring XRP and other existing assets. This decision has sparked curiosity within the crypto community, particularly regarding the implications for XRP’s market dynamics and Grayscale’s investment strategy. 
Grayscale Adds XRP In DLC Fund
In a recent press release, Grayscale officially announced the quarterly rebalancing of its investment products. Among the affected funds were the Digital Large Cap Fund, Smart Contract Platform Ex-Ethereum Fund, and DeFi Fund. 
As part of this rebalancing, Grayscale made notable changes to its DLC Fund by liquidating its Cardano holdings and reinvesting the proceeds into other assets.

Following the rebalancing, XRP now constitutes 1.73% of Grayscale’s DLC Fund. With the fund currently valued at $570,206,758.29, this allocation suggests that Grayscale holds approximately 16.7 million XRP tokens. 
Bitcoin Dominance in DLC Fund
Meanwhile, Bitcoin remains the largest holding in the DLC Fund, accounting for 70.96%, followed by Ethereum (ETH) at 21.85% and Solana (SOL) at 4.52%. Avalanche (AVAX) holds the smallest composition at 0.95%. Notably, there were no new token additions to the DLC Fund in Q1 2024.
The decision to increase XRP holdings within the DLC Fund reflects Grayscale’s confidence in the digital asset’s long-term potential and regulatory clarity. As XRP finds its place alongside other major cryptocurrencies like Bitcoin and Ethereum within Grayscale’s portfolio.
Grayscale’s Investment Strategy
Grayscale’s DLC Fund primarily aims to provide investors exposure to a diversified portfolio of major crypto assets. The reintroduction of XRP into the fund has reignited discussions about the possibility of Grayscale launching an XRP spot exchange-traded fund (ETF). 
With Grayscale’s recent foray into Bitcoin spot ETFs and ongoing development of an Ethereum ETF, market observers see XRP as a logical candidate for a similar offering, especially given its clear regulatory status. 
#Write2Earrn #Grayscales #XRPCOIN #cardanofeed $ADA $XRP

When I first discovered cryptocurrencies, my attention was immediately drawn to Stellar and Cardano. What particularly caught my interest was the cryptocurrency Cardano, whose symbol, ADA, coincidentally matches my own name😅. This serendipity motivated me to learn more about how to acquire these cryptocurrencies, especially Cardano.

A Journey of Obstacles for African Users
At the time, I was based in Cameroon and quickly realized that acquiring cryptocurrencies from this country was a real challenge. The obstacles were numerous: the need to go through intermediaries, the requirement of having Visa cards, and even when I had one, many platforms didn’t accept users from non-eligible countries, including Cameroon.
The Discovery of Binance
During my research, I came across Binance. This platform stood out due to its commitment to integrating Africa into its solutions. What impressed me the most was its focus on our continent, particularly in terms of information, education, and payment methods tailored to our reality. As an African, I often didn’t have access to credit cards, or when I did, I was hesitant to use them online due to the fear of fraud. Binance was the first platform to offer mobile payment options specifically designed for us, especially in Francophone Africa.

A Satisfying User Experience
Thanks to Binance, I was able to acquire my first ADA tokens with ease. Transactions through credit cards went smoothly, and when the platform introduced P2P payments, I was pleasantly surprised by the ease and security it provided. To this day, no other platform offers services as well-suited to the realities of Africans. Although I opened an account on KuCoin, I quickly realized that Africa was largely overlooked there, which naturally led me back to Binance.
Conclusion
Binance has earned my loyalty through its inclusive approach and its efforts to meet the needs of African users. I hope the platform continues on this path, innovating and providing services that cater to the expectations of Africans. Today, when someone asks me how to buy cryptocurrencies, I recommend Binance without hesitation, as it remains the best option in my opinion.
And you, what has been your experience with cryptocurrency platforms in Africa? Have you found an alternative that meets your needs as well as Binance?
#BinanceAfrica #cardanofeed #Binancelovers
#BecomeCreator

Cardano is set to introduce an interim constitution, marking a pivotal moment in its growth.
Frederik Gregaard, CEO of the Cardano Foundation, broke this news, highlighting the purpose of the constitution. He revealed that it aims to reflect the values of the global community, providing a framework for managing the complexities of on-chain governance during the transition to a permanent constitution.
Per Gregaard’s X post, “Cardano stands at the verge of a new era in decentralized governance. The full constitution is on the horizon, but first comes the interim constitution. This is a foundational framework for our ecosystem.”

The Cardano chief noted that the interim document emphasizes “transparency, openness, and responsible decision-making.” He added that the documents will enable every ADA holder to contribute to shaping Cardano’s future.
Moreover, its inclusivity is essential to Cardano’s proposed governance model. “Every #ada holder, developer, and participant is a community member, entitled to the rights, privileges, and responsibilities that will be outlined in the interim constitution,” Gregaard stated.

Cardano’s Potential Surge Amid Bitcoin Halving Excitement
With the Bitcoin Halving event in full swing, Cardano is attracting global investor interest. While historically struggling to surpass the $1 mark, recent developments suggest a shift may be imminent.
Crypto analyst Dan Gambardello believes that the “halving” event could catalyze ADA’s potential entry into a parabolic phase, potentially driving its price substantially higher. Current forecasts support this notion, projecting a 25% uptick in ADA’s value by the end of April, with a target peak of around $0.84. This optimistic outlook relies on ADA maintaining its current momentum and overcoming key resistance levels at $0.47, $0.49, and $0.51.
Conversely, a trend reversal could see ADA facing renewed pressure around the 50% Fibonacci level. ADA trades at $ 0.503963 at press time, printing a 7.40% intraday rally. In addition, the coin’s market capitalization stands at $17,942,583,520, reflecting a 7.28% rise from yesterday.

#write2earn🌐💹 #CardanoSurprise $ADA #cardanofeed