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Institutional demand may drive large-cap altcoins ahead of Bitcoin in the next crypto rally, says Canary Capital CEO.

01 Nov 2026, 22:20 WIB
Tokenpost
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Bullish
Institutional demand may drive large-cap altcoins ahead of Bitcoin in the next crypto rally, says Canary Capital CEO.

Canary Capital CEO Steve McClurg predicts that institutional buying via ETFs and digital asset treasury companies will lead the next crypto market phase, potentially pushing large-cap altcoins ahead of Bitcoin. He highlights that assets with real transaction activity and tokenization, such as XRP Ledger, Hedera, Injective, Sui, and Solana, are attracting institutional interest. McClurg notes that institutions prefer assets with control features like token freezing and identity verification, which may limit decentralization but support adoption. He also expects reduced political uncertainty from the U.S. midterms to boost crypto risk appetite.

Solana leads with a market cap of Rp1.003,92 trillion on Pluang, trading at Rp1.706.300 as of Nov 02, 2026 03:31 WIB, despite a 1.67% decline in the last day. The article highlights institutional interest in large-cap altcoins like Solana, which aligns with Pluang data showing 56% buy order activity and a typical hold time of 72 days. Hedera and Sui also show strong buy interest at 65% and 77% respectively, supporting the narrative of institutional demand shaping the next crypto rally.

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