Breaking Crypto News – How Did Notcoin’s Launch Impact the May Crypto Investment Market?
Breaking Crypto News – In a report released by KuCoin‘s research division, it was noted that over $1 billion was invested in the cryptocurrency market in May—a marginal decline from April. May saw 156 investments that were made public, according to a June 13 report from KuCoin Research. $1.02 billion in investment funding has reportedly gone into the cryptocurrency exchange’s research division. Comparing this to May 2023, there has been a 10.61% rise. But compared to April, the data indicates a 6.4% decline.
May Crypto Investments and Notcoin Relationship
Institutional investors continued to be drawn to Ethereum, Ethereum Virtual Machine (EVM) chains, and layer-2 (L2) network developments in terms of investments. Still, among the top 15 networks among investors in May were non-EVM chains such as Bitcoin, Solana, Fantom, and TON. The two investment firms that were most active last month were OKX Ventures and Animoca Brands. OKX Ventures invested in eleven ventures, while Animoca Brands completed fifteen deals. With 10, 8, and 7 deals in May, respectively, Cogitent Ventures, SNZ Holding, and DWF Labs were also active.
According to KuCoin Research, investors resorted to memes and celebrity tokens in May as a means of addressing concerns regarding the low float and high fully diluted valuations (FDV) trend in the cryptocurrency space. Notcoin (NOT), according to the experts, was one of the tokens that profited from this change in May. According to KuCoin, Notcoin’s rise last month was aided by its initial issuance of all tokens.
FAQ
What is the Difference between Retail and Institutional Investors in Crypto?
Retail cryptocurrency traders are those who deal in lower volumes of cryptocurrency. Institutional cryptocurrency investors, on the other hand, are businesses and organizations that trade significant amounts of cryptocurrencies and frequently use cutting-edge financial products and risk management techniques.
What is Fully Diluted Valuation (FDV)?
The full worth of a cryptocurrency project, taking into account all of its tokens in circulation, is known as the FDV. Investors use it in the same way as they use the total number of shares that can be issued in the stock market to determine the project’s future potential.
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