A certain VC founder: The downward trend of Shanzhai coins may continue until the end of January 2025
Felix Hartmann, the founder of venture capital firm Hartmann Capital, stated that most altcoins may continue to show a downward trend until the end of January 2025.
Hartmann said: "Some altcoins may briefly rise, but most are likely to experience a slow decline or consolidate within 2 to 6 weeks." He also added: "Chasing after altcoins at this moment might not present many opportunities as many have already doubled or tripled in value within a week and have peaked."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Smart ring manufacturer Oura (OURA.US) IPO reportedly oversubscribed by about 4 times
According to market sources, the initial public offering (IPO) of smart ring manufacturer Oura in the US stock market has reportedly been oversubscribed by approximately four times.
NEAR Protocol Price Surges Above $5 as Breakout Momentum Builds
Subscription multiplier reaches 4 times! "AI Ring" Oura IPO receives enthusiastic response
Smart ring manufacturer Oura's IPO was oversubscribed by approximately four times, planning to issue 50 million shares at a maximum price of $44 per share, aiming to raise up to $2.2 billions, with a fully diluted valuation of about $15 billions. Against the backdrop of companies like Holtec Nuclear withdrawing their IPO plans due to market conditions, Oura is expected to become the first major IPO in nearly three months to raise over $1 billion, injecting new vitality into the long-dormant U.S. IPO market.
Crypto prices
More
