Since their humble origins in 2009, the value of cryptocurrencies has skyrocketed. The cryptocurrency market is predicted to reach $1 trillion in value by 2026. With a market capitalization of more than $1 trillion, Bitcoin is the most popular cryptocurrency in the world today. Crypto-related businesses are among the most popular in the technology industry. Many large corporations invest in startups in order to integrate breakthrough new technologies into their platforms or just to get industry exposure. Investors should keep an eye on key categories in the crypto business that have a lot of room for growth.
Here is Insider Monkey’s list of the 10 best cryptocurrency startups to watch. CoinSwitch Kuber is a cryptocurrency exchange based in India that primarily facilitates bitcoin transfers. Tiger Global Management LLC invested $25 million in the company in late April. The company is now valued at over $500 million, thanks to its recent funding. The hedge fund is delighted to work with a company that is well-positioned to profit from the cryptocurrency explosion. Bitwise Asset Management, a cryptocurrency index fund manager, has raised $70 million in a Series B funding round. According to CEO Hunter Horsley, the fund manages more than $1.2 billion in assets and expects to treble its personnel by the end of the year. Fetch. AI is a startup that sells artificial intelligence (AI) solutions for blockchain networks. Daiwa Investment Advisors recently labeled Baidu, Inc. as undervalued. In three fundraising rounds, the company has raised more than $26 million. Provenance is a corporation that promotes product and supply chain transparency. It has raised more than $1.2 million in five rounds of fundraising. MongoDB, Inc. reportedly topped earnings per share and sales expectations for the first quarter of 2021. Solve.Care is a healthcare and associated services firm that sells a decentralized blockchain platform. Hedge fund interest in Teladoc Health, Inc. has increased in recent months as the coronavirus lockdowns have aided the company’s growth. For more details, click 10 Best Cryptocurrency Startups to Watch.
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