Venture Capital Expects Valuations of Crypto Startups to Rise Again in 2024

According to TechCrunch, several industry venture capitalists have indicated that the past few years have proven to be a tumultuous period for the crypto industry, with many investors withdrawing. However, with the recent surge in Bitcoin and Ethereum prices, interest in cryptocurrencies has spiked, and crypto is regaining momentum. Many industry experts believe that the valuations of crypto startups may once again be "promising" next year. Michael Anderson, Co-founder of Framework Ventures, stated, "In 2023, it seems most people finally understand that we are in a new market, and the thinking and behavior of the investor class are more rational than before."