2024

Cryptocurrency

Monad

Berachain

Notable

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/investors-increase-funding-for-fewer-crypto-projects/" data-wpel-link="internal">Investors Increase Funding for Fewer Crypto Projects</a><br></p>
<p style="text-align: justify">In the second quarter of 2024, the <a href="https://en.coin-turk.com/bitcoin-and-crypto-market-downturn-whats-causing-the-slide/" data-wpel-link="internal">cryptocurrency</a> world experienced significant activity. According to PitchBook’s data, startups managed to raise $2.7 billion in funds. This figure indicates a 2.5% increase compared to the previous quarter. Investors are turning to larger and more impactful projects despite the decreasing number of deals.</p> 
<h2 style="text-align: justify" id="decreasing-deals-increasing-amounts">Decreasing Deals, Increasing Amounts</h2> 
<p style="text-align: justify">The number of deals showed a 12.5% decrease. However, this decline was balanced by the increase in investment amounts. Investors preferred to allocate more funds to fewer projects. This indicates that <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investors</a> are becoming more selective and strategic.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-378746 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/08/btcprice-9.jpg" alt="" width="740" height="415"></p> 
<p style="text-align: justify">There are approaches towards promising projects. Notable projects in the cryptocurrency field include Monad, Berachain, and Babylon. <strong>Monad</strong> received an investment of $225 million, while <strong>Berachain</strong> raised $100 million. Bitcoin-based <strong>Babylon</strong> attracted attention with an early-stage investment of $70 million. These projects have the potential to create significant impacts in the crypto world in the <a href="https://newslinker.co/what-are-the-future-technologies/" target="_blank" rel="noopener" data-wpel-link="exclude">future</a>.</p> 
<h2 style="text-align: justify" id="early-stage-competition-heats-up">Early-Stage Competition Heats Up</h2> 
<p style="text-align: justify"><strong>PitchBook</strong>‘s data indicates intense competition in early-stage investments. The valuations of startups are increasing at the early stage while decreasing at the late stage. This shows that investors are racing to capture the potential giants of the future.</p> 
<p style="text-align: justify">PitchBook expects $12 billion in investments in cryptocurrency projects in 2024. This figure suggests that a new record could be set in the sector, surpassing the $8.2 billion raised in 2023. The growing interest from investors indicates that confidence in Blockchain projects is rising again.</p> 
<h2 style="text-align: justify" id="investor-confidence-in-cryptocurrency-revives">Investor Confidence in Cryptocurrency Revives</h2> 
<p style="text-align: justify">The second quarter of 2024 heralded a new era in the cryptocurrency world. Increasing fund amounts and selective investments show that confidence in the sector is returning. Investors are already focusing on projects that could bring significant gains in the future. This trend may continue for the rest of 2024.</p> 
<p style="text-align: justify">It is essential to note that the flow of funds into the cryptocurrency field is always valuable. Especially in the early stages, fund flows significantly contribute to the development of projects. This situation also affects investors’ perspectives on companies known for supporting projects. For example, a project invested in by a famous company, no matter how small its value, can attract investor interest and lead to a trend.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/investors-increase-funding-for-fewer-crypto-projects/" data-wpel-link="internal">Investors Increase Funding for Fewer Crypto Projects</a></h5>
<p>The post <a href="https://en.coin-turk.com/investors-increase-funding-for-fewer-crypto-projects/" data-wpel-link="internal">Investors Increase Funding for Fewer Crypto Projects</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.</p>

Investors Increase Funding for Fewer Crypto Projects

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