In October 2024, the cryptocurrency market is gradually recovering after significant volatility. Bitcoin has reached a price above $97,000, recovering from the shock of a price drop due to concerns about Google's new Willow quantum chip. Nevertheless, analysis shows that these concerns are unfounded. Currently, the price of Bitcoin is in a range of indecisive fluctuations, encouraging traders to be more patient.
Meanwhile, the adjustment in altcoin funding ratios indicates a significant easing in the use of excessive leverage, creating a more balanced environment. However, analysts warn that the strengthening of the US dollar, supported by various economic factors, could negatively impact Bitcoin and other risk assets.
Another concern is the ability of the newly elected president to fulfill cryptocurrency-related promises, given the potential political pressures. Upcoming key financial events include inflation announcements and major monetary policy decisions from the US, Canada, and Europe, along with several important conferences on cryptocurrency.
Particularly, following Google's announcement, quantum-related tokens are experiencing a strong rise, despite initial market concerns. Quantum-resistant cryptocurrency projects are gaining attention as they aim to address potential future threats from quantum technology to blockchain security.
DNA Holdings, a venture capital firm, has introduced a trading platform targeting tokenized investments in blockchain projects, primarily serving high-net-worth investors and venture companies interested in the Web3 space. This platform, operated on the Chintai layer-1 network, tokenizes ownership capital in early-stage projects and acts as a specialized investment vehicle (SPV). Upon launch, it had seven startups seeking between $325,000 and $2 million, welcoming applications from global startup companies.
DNA Holdings emphasizes a vibrant secondary market for investors, enhancing liquidity options post-investment. As the venture capital landscape recovers during the bull market, alternative funding channels for startups, such as dedicated crowdfunding platforms and initial coin offerings (ICOs), are also emerging in light of regulatory updates in Europe.
