The boom of crypto investments in May according to KuCoin

The post The boom of crypto investments in May according to KuCoin appeared on BitcoinEthereumNews.com. Investments in crypto in May reached 1 billion dollars thanks to the introduction of Notcoin, according to KuCoin.  The research by KuCoin suggests that the low volatility and high market value of cryptocurrencies have driven investors to seek alternatives like Notcoin, which has put all its tokens into circulation since the moment of launch. Let’s see all the details below.  KuCoin: the role of low float and high FDV in the investment choices of crypto investors  As anticipated, the research department of KuCoin has released a report indicating that the cryptocurrency space attracted over 1 billion dollars in investments in May, recording a slight decline compared to the previous month. On June 13, KuCoin Research announced that 156 investments were made public during the month of May. Additionally, the research department of the cryptocurrency exchange reported that $1.02 billion in investment capital was allocated to the sector. This represents an increase of 10.61% compared to May 2023, but a decrease of 6.4% compared to April.  Regarding investment sectors, Ethereum, Ethereum Virtual Machine (EVM) chains, and layer-2 (L2) network projects have continued to be popular among institutional investors.  However, even non-EVM chains like Bitcoin, Solana, Fantom, and TON were among the fifteen most popular networks among investors in May. Animoca Brands and OKX Ventures were the major players among investors last month. Animoca Brands has completed fifteen operations, while OKX Ventures has invested in eleven projects. Cogitent Ventures, SNZ Holding, and DWF Labs have also been active in May with ten, eight, and seven operations respectively. Investors are turning towards meme token and celebrity token  According to KuCoin Research, in May investors shifted towards meme tokens and celebrity tokens in response to issues related to low circulation and high fully diluted valuations (FDV) of criptovalute. KuCoin observes that the launch of…

Jun 14, 2024 - 03:00
 0  3
The boom of crypto investments in May according to KuCoin

The post The boom of crypto investments in May according to KuCoin appeared on BitcoinEthereumNews.com.

Investments in crypto in May reached 1 billion dollars thanks to the introduction of Notcoin, according to KuCoin.  The research by KuCoin suggests that the low volatility and high market value of cryptocurrencies have driven investors to seek alternatives like Notcoin, which has put all its tokens into circulation since the moment of launch. Let’s see all the details below.  KuCoin: the role of low float and high FDV in the investment choices of crypto investors  As anticipated, the research department of KuCoin has released a report indicating that the cryptocurrency space attracted over 1 billion dollars in investments in May, recording a slight decline compared to the previous month. On June 13, KuCoin Research announced that 156 investments were made public during the month of May. Additionally, the research department of the cryptocurrency exchange reported that $1.02 billion in investment capital was allocated to the sector. This represents an increase of 10.61% compared to May 2023, but a decrease of 6.4% compared to April.  Regarding investment sectors, Ethereum, Ethereum Virtual Machine (EVM) chains, and layer-2 (L2) network projects have continued to be popular among institutional investors.  However, even non-EVM chains like Bitcoin, Solana, Fantom, and TON were among the fifteen most popular networks among investors in May. Animoca Brands and OKX Ventures were the major players among investors last month. Animoca Brands has completed fifteen operations, while OKX Ventures has invested in eleven projects. Cogitent Ventures, SNZ Holding, and DWF Labs have also been active in May with ten, eight, and seven operations respectively. Investors are turning towards meme token and celebrity token  According to KuCoin Research, in May investors shifted towards meme tokens and celebrity tokens in response to issues related to low circulation and high fully diluted valuations (FDV) of criptovalute. KuCoin observes that the launch of…

What's Your Reaction?

like

dislike

love

funny

angry

sad

wow