Corporate demand in the cryptocurrency markets continues to grow, and we are seeing an increase in ETP volumes. However, there are also those who are striving to prepare new massive products for the bull season. Leading the charge are the venture capital and investment arms of crypto giants.
OKX Crypto Investments
OKX Ventures 2023 has released its annual investment report. They have made investments covering seven key areas including Infrastructure, DeFi, GameFi, NFT/Metaverse, Web3.0, the Bitcoin ecosystem, and artificial intelligence, totaling over $50 million. They also mentioned deepening their collaborations with Solana, Near, Polygon, Avax, and others.
The full list, which includes projects like Celestia, SEI, Scroll, zkPass, Cetus, TRLab, HUG, Mocaverse, and Babylong, can be seen in the table below.
A significant portion of these projects are still in the early stages, and if successful, we could see them among the best-performing altcoins in 2024.
Early Investments in Altcoins
Companies like OKX Ventures or Binance Labs often enter most projects during the seed investment phase. This allows them to achieve greater gains when the project issues its tokens.
Although ICOs are not as widespread as in previous years due to SEC reasons, there are still channels available for early-stage investments in many projects. Of course, these come with higher risks due to the possibility of failure. In addition, airdrops are a way for investors to obtain tokens at a lower cost in the early stages.
COINTURK regularly shares content on current airdrop opportunities and airdrop tasks. By following these, you can also adopt projects that have not yet transitioned to mainnet early on and acquire their tokens when they hit the market.
Bitcoin price was around the $44,000 region at the time of writing, and the general weakness in altcoins continues. Many cryptocurrencies have fallen due to cautious investor sell-offs amid fluctuations in BTC price and expected volatility in the coming week.
