Data from digital currency groups reveal turbulent crypto investment landscape

The American blockchain and cryptocurrency-oriented venture capital company Digital Currency Group (DCG) has so far made nearly 130 investments in the industry, the company showed in a blog post on 1 April.

DCG, which is headed by the well-known cryptocurrency lawyer Barry Silbert, has since 2016 invested an overview of its performance in 127 startups, the majority of which come in seed rounds.

Although incomplete, the company suggested that the data were useful for a comparison between the blockchain and cryptom market in 2016 and at the end of 2018.

"Startups of all levels have raised more and more money in seed rounds, and this applies to US-based blockchain companies," the blog post summarized. The report notes that the average size of the seed rounds in the United States with which the company collaborated grew by 67 percent from 2016 to 2018, from $ 1.94 million to $ 3.24 million.

Crypto industry startups have had to withstand highly changing markets in the last three years. From the flat conditions in 2016, a consumer market saw madness after the start of coin offering, while last year it became known for its bearish retraction.

"In 2017 – where the disturbed foam period was in the public markets for tokens – valuations jumped up. The average seed-stage valuation increased from $ 10.68 mm (million) in 2016 to $ 15.51 mm (million) ) in 2017 (+ 45%), "DCG noted, adding:

"But things returned in 2018. While last year was a massacre for listed tokens, valuations in private seed-stage rounds that we kept modestly fell to an average of $ 12.93 mm (million) (-17%). "

DCG has not talked about the current status and plans for the coming year, amid signs of optimism there is nevertheless a broad return to markets.

As Cointelegraph reported, fellow risk capital player Pantera Capital sees the bitcoin (BTC) reward 2020 reward halve as a catalyst to raise prices, which means a definitive end to the bear market of 2018.

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