The year 2023 began with an icy wind for Crypto Investments, blowing from the harsh effects of the previous bear market. As the world’s venture capital groups, also known as VC, cautiously planned their moves, it became clear that the glory days of 2022, which peaked the year before, were long gone.
Those who had high expectations for 2022 during the golden age of the crypto boom in 2021 were severely tested by the events that unfolded with the Russia-Ukraine war and the turmoil surrounding Terra LUNA and FTX. The tough bear season didn’t let up and continued undeterred through the year 2023.
The investment volume in crypto and blockchain startups, which was an impressive $33.3 billion in 2022, fell dramatically to $10.7 billion in 2023. The glory days seemed to be over and crypto investors were faced with new challenges. A sharp decline that surprised those who hoped for a continuation of the golden era.
Even if the figures may seem disappointing at first glance, it should not be overlooked that the crypto investments in 2023 still represent a considerable amount. The $10 billion marks a significant difference from previous bear years, such as 2019 and 2020, when investments were $3.1 billion and $3.2 billion, respectively.
It is also noteworthy that the contraction process was more moderate compared to the bull years of 2017 and 2021. In 2018, for example, $8.1 billion was invested in crypto startups. While the number of deals fell from 2,671 in 2022 to 1,819 in 2023, certain categories stood out as winners.
Interesting: Top coins according to AI in 2024: ChatGPT recommends these investments
NFT and gaming received a significant share of investment, while infrastructure and Web3 also came into focus. With a glimmer of hope for 2024, expected price increases could reignite interest from venture capital firms. And lead the crypto world back to warmer climes. A change in the direction of the market could be imminent.
Key Points Market Impact: Chainlink (LINK) price found support near the lower trendline of a…
Key Takeaways U.S. stimulus and AI infrastructure spending could create liquidity favorable to XRP. Analysts…
Key Points Record-Breaking Launch: Korea Investment Management launched the ACE U.S. AI Tech Core Industry…
Key Takeaways Institutional investors are reportedly shorting XRP to buy at lower prices ahead of…
Key Points Pioneering Integration: Bitget has become the first Unified Exchange (UEX) to successfully integrate…
TL;DR (Key Points) Instant Settlement Achieved: A consortium including Ripple, Mastercard, WebBank, and Gemini is…
This website uses cookies.