Like stubborn Balloon, no matter how hard cryptocurrencies collapse, they tend to float back up. I have found this to be true in all the years I have covered the decentralized market and economy since 2013.
However, the recent crypto crash is starting to look a little different.
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After a long period of stagnation — cryptocurrency winter, if you will – blockchain and its component tokens and services appear to be on the rebound. The data paints the picture: spot trading volumes reached a 12-month high earlier this month, the overall value of cryptocurrency tokens has risen significantly in recent months, and even NFTs are showing signs of life.
Additionally, the recent launch of spot Bitcoin ETFs shows that in the important technology market in the US, the legal system may remain more positive towards cryptocurrencies than elsewhere in the world. China and India come to mind.
However, despite the string of positive news, venture capitalists' interest in Web3 startups continued to decline in Q4 2023, falling further below the severely low Q3 figure. This begs the question: When will venture capital turn the faucets back on?
