- In the first half of 2024, the corporation made 23 investments aimed at various areas, including the Bitcoin blockchain.
- Additionally, HTX is concentrating on projects related to application infrastructure, user experience improvement, and multichain future infrastructure.
The main investment trajectories for the first half of 2024 have been announced by HTX Ventures, the investment division of the international cryptocurrency exchange HTX. The business claims that the cryptocurrency market has had tremendous innovation and expansion in the first half of 2024. In the first half of 2024, the corporation made 23 investments, concentrating on DeFi, Bitcoin, and AI, among other things.
The dynamics and influences of the market
Early in 2024, the cryptocurrency market saw significant expansion. Cryptocurrencies have entered the ETF age with the US Securities and Exchange Commission’s approval of Bitcoin and Ethereum ETFs, providing substantial liquidity and stabilizing prices.
Edward, the managing partner at HTX Ventures, shared his thoughts on the research, saying, “We remain optimistic despite the market slowdown and will continue to support front-end development.” Within the ecosystem, long-term innovations are being fostered by a positive innovation flywheel that draws inspiration from successful business models.
But this also raised the possibility of more regulation and manipulated volatility. Cryptocurrencies like Bitcoin are directly impacted by the Federal Reserve’s interest rate policies, which continue to affect the market’s liquidity and volatility.
The exchange emphasized the August 5th global market selloff, which was brought on by the raise in interest rates by Japan, weak corporate profits from the US, and negative jobless data, underscoring the market’s susceptibility to economic indicators.
Notwithstanding the gloom, HTX Ventures has counseled investors to refrain from making snap judgments, think carefully about solid business concepts, use leverage sparingly, and keep up to current on economic concepts.
Targeted Investment Paths
According to reports, in the first half of 2024, HTX Ventures made 23 investments, with an emphasis on infrastructure, DeFi, the Bitcoin ecosystem, AI, DePIN, and SocialFi. The growing skill in the Web3 builder community is especially impressive to the firm, as seasoned Web3 developers work with Web2 experts to answer real-world customer needs.
With a focus on six key areas—BTCFi, Multichain Future Infrastructure, User Experience Enhancement, Application Infrastructure Projects, New SocialFi and Community Applications, and DePIN—HTX Ventures is bullish about the second half of 2024. The company wants to broaden the application of Web3 and create an environment that is easier for users to navigate by identifying and promoting cutting-edge technologies and fresh business concepts.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
