The cryptocurrency market is still in a state of decline. No, the trend of recent weeks, when bitcoin and other cryptocurrencies rose in price, does not change the general trend. This is a short-term remission, most likely followed by a further decline, and in fact, we expect to see new price lows soon, rather than a rapid recovery.. Therefore, if you decide to invest your last money in cryptocurrency, this may be almost the worst investment you have right now..

But the problems of cryptocurrencies do not interfere with the growth of the investment attractiveness of the crypto market as a whole, since it is much wider than just digital currencies and much more interesting in terms of investment..

Despite the fact that most cryptocurrencies are shaking from the harsh winter, the rest of the crypto market, on the contrary, is in full bloom - venture capitalists believe and invest in blockchain startups at a rate that should surpass last year's record.. According to PitchBook, in the first half of this year alone, investors invested about $17.5 billion in such firms.. Thus, this year's investment is likely to exceed a record $26.9 billion.. attracted last year.

North America, which has long been the center of venture deals, is back in the spotlight, receiving about $11.4 billion. for six months against 15.6 billion for the entire last year. The numbers contrast with overall venture capital activity in the United States, where deal volume has fallen to $144.2 billion.. in the first half compared to 158.2 billion in the same period last year. On the one hand, the current macroeconomic conditions and market turmoil are cooling almost all but the most protected investments.. On the other hand, the triumph of crypto assets as an investment tool continues, the use of blockchain is gaining momentum, even if the revolutionary changes in technologies promised to industries such as finance and goods remain out of reach now, people continue to believe in blockchain.

Among the major US crypto deals in 2022:.

$400 million. raised by the American division of the FTX crypto exchange in January;

$450 million fundraising round. from blockchain developer ConsenSys in March;

$400 million. , raised by stablecoin issuer Circle in a month.

It should be noted that activity is also high in Europe: in the first half of the year, venture capital investments amounted to $2.2 billion. Fedi's Lisbon program, designed to help people receive, hold and spend bitcoin, says it has already raised $4.2 million this month.. in the form of initial funding.

This, by the way, can become an optimistic signal for cryptocurrencies, the development of which is closely related to blockchain startups.. But these will be the prospects for the next years..

However, as we can see, even the current market conditions do not really confuse investors.. Available capital is huge. Venture capital funds offer funding to young companies that they believe have good growth prospects. The data shows a strong belief in the future of blockchain technologies, despite a difficult six months for the industry of price declines and a drop in the capitalization of the entire crypto market.. Recall that the global macroeconomic shock and the failures of several major projects this year have led to the fact that bitcoin has fallen by approximately 65% \u200b\u200bcompared to the November record of 69 thousand. Doll. , and the total value of the crypto market fell by two-thirds, to $1 trillion..

And although, judging by the investment activity, some venture investors were not disappointed and continue to believe in the rapid development and potential of blockchain technologies, the shock was still tangible.. Some companies literally shuddered due to falling prices, including major US exchange Coinbase Global and NFT platform OpenSea, which have already laid off hundreds of workers.. Even now, not all investors are optimistic about the future of the market.

For example, David Seamer, CEO of California-based cryptocurrency management company Wave Financial, said he already sees signs of a pullback from last year's "

So, as you can see, judging how the crypto market feels only by the value of major currencies is not the best solution, as well as limiting investments solely to buying the same currencies.. Moreover, it is currencies that are unlikely to return to peak prices in the coming years and will not even be able to rise in price significantly until the war in Ukraine ends and the global economic crisis caused by it passes.. The maximum that can be hoped for is a 30% rise in price, and even then in the long run of the year.

Read more articles by Alexander Boltyan at the link.

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