Crypto winter It may or may not melt, but not everyone will enter the new year without hope: the majority of founders are optimistic about the opportunities for cryptocurrency startups in 2024, according to new forecasts. reconnaissance Shared exclusively with TechCrunch+.
The CoinFund Founder Forecast survey collected responses from 30 of CoinFund’s 3 web wallet companies across the pre-seed, seed, and Series A stages. The survey ran from November 7-17, when cryptocurrencies like Bitcoin and Ethereum began to show signs of a price recovery.
While some cryptocurrency startups may be going out of business, Alex Felix, managing partner and chief investment officer at CoinFund, said these 30 companies have enough runway and are thinking about the new year. “The only thing that was completely different in this bear market was the determination to keep going and not letting price action or the media cloud the vision,” Felix said. He added that a lot of the issues we saw during this crypto downturn were the result of human error or mismanagement, which “reignited the construction spirit.”
According to the survey, the top areas poised to grow in the coming year include Web3-integrated AI, zero-knowledge technology, decentralized finance, consumer applications, gaming, layer-2 blockchains, and cryptocurrency wallets.