Top November 2024 Crypto Investments: $449 Million Total
According to RootData statistics, there were 90 publicly disclosed cryptocurrency venture capital (VC) investment rounds in November, a 9% decrease from the 99 rounds in October.
Total funds raised in November reached US$449 million, a significant decrease of 43.66% from US$797 million raised in October.
Cryptocurrency venture capital investment drops significantly
venture capital activities It is an important barometer of major investors’ interest and confidence in the cryptocurrency market. Despite a dramatic bull run in crypto asset valuations in November, these gains have not translated into an increase in venture capital activity. Both the number of deals and total funding fell significantly in November.
In fact, the number of deals and funds raised in November were the lowest for all of 2024. Even further, the largest single transactions are far lower than in previous months: Investment in September decreased by 12% compared with Augustbut one deal raised $100 million. November’s standouts all totaled less than $50 million.
Cross-industry allocation of funds There are some similarities with October: Again emphasis on infrastructure, Decentralized Financeand the game has the highest return rate. However, that number is much lower and CeFi investing is clearly in trouble.
usdx.money leads market downturn
November 29, Stablecoin issuer dollar coins Announce Successfully raised approximately US$45 million in funding. The investment brings its total valuation to $275 million, the company claimed.
Some of its largest investors include NGC, BAI Capital and Generative Ventures. usdx.money will use these funds to accelerate the development of the ecosystem.
Following closely behind is Zero Gravity Labs (0G Labs), a modular artificial intelligence chain that Announce On November 13, the company received $40 million in seed financing. However, the company managed to secure further investment: it secured $250 million in commitments for future token purchases and successfully launched node On sale the same day.
“We are excited to announce that the 0G AI alignment node sale has reached $10 million in support! This is a huge step forward for decentralized artificial intelligence as a public good with transparency, Safetycommunity first. Thank you to our incredible community for believing in a future of AI that is trustless,” the company claimed on social media on November 13 postal.
Additionally, two other cryptocurrency companies tied for third place with $30 million in investments. Online gambling platform Monkey Tilt successfully received this Series A financing on November 19. Chinese mining equipment maker Canaan raised the same amount of funding the day before, Despite a downward trend last year.
These four people are the only ones Cryptocurrency Company It received more than $25 million in venture capital in November this year. This is a very significant drop compared to previous months.
Nonetheless, the cryptocurrency market is very bullish, which may help explain this larger shift. After all, there are several companies Invest directly in major Bitcoin purchasesnot a cryptocurrency company.
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