Home web3.0 VC Altcoin Projects Launched with the Support of Large Investment Funds Started to Rise Again

VC Altcoin Projects Launched with the Support of Large Investment Funds Started to Rise Again

Aug 15, 2024 pm 09:13 PM
VC Altcoins Trend Breakout

According to analysts, the reasons behind this situation and the points to be considered are in our news.

VC Altcoin Projects Launched with the Support of Large Investment Funds Started to Rise Again

VC altcoin projects, which were launched with the support of large investment funds and traded at high valuations, have started to rise again after the major declines they experienced. This situation has turned the eyes of the sector to the possibility that it may be a harbinger of a new trend.

According to analysts, the reason for this development is that most of these coins have experienced major declines. After their prices have melted by 80-90%, even the slightest positive news can lead to significant price increases. This situation can be more pronounced, especially for coins that experienced sharp declines at the beginning.

It is known that the cryptocurrency market has historically followed certain cycles. Although this cycle is not exactly the same as in the past, the basic principles are similar. However, the important difference is that the need for detailed asset selection comes to the forefront during this period. Deutscher emphasizes that choosing the right coins to invest in is critical, rather than just timing the market correctly.

The analyst cites the Saga coin, which has recently broken the trend, as an example. In addition, he also evaluates coins such as StarkNet, Ena and Wormhole as potential investment opportunities. Since these coins have already experienced significant token expansions, it may be advantageous to buy at low valuations. It is particularly noteworthy that StarkNet is a second-layer scaling solution for Ethereum and has a lower valuation than its competitors Arbitrum and Optimism. This may present an attractive buying opportunity for investors.

Finally, the analyst states that it is useful to pay attention to new projects such as Initia, Bearer Chain and Zero Gravity. It is stated that these projects can be launched at low prices and have the potential to earn if they perform above expectations. In the current market cycle, choosing the right asset is at the forefront instead of investment timing. Unlike past cycles when many altcoins rose at the same time, a more selective approach needs to be adopted during this period. In summary, the movement in VC altcoins shows that the dynamics in the market have changed. Success for investors is no longer just about the right timing, but also about careful research and choosing the right projects.

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