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. Cryptocurrency-related businesses are among the most popular in the technology industry. Big internet giants are investing in crypto startups in order to integrate groundbreaking new technologies into their platforms or simply gain exposure to the industry. Crypto businesses that aim to solve market problems have been gaining traction. Cybersecurity, health, and cryptocurrency exchanges are some of the main categories that investors should keep an eye on because they have a lot of room for growth. It’s unclear if the rest of the finance world, which is based on fiat, will be able to weather these headwinds.
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, a New York-based hedge fund with $43 billion in assets under management, invested $25 million in the company. The company is now valued at over $500 million, thanks to the recent funding. Bitwise Asset Management, a cryptocurrency index fund manager, recently raised $70 million in a Series B fundraising round. According to CEO Hunter Horsley, the fund manages more than $1.2 billion in assets and expects to double its team size 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. The Chinese technology firm runs the country’s most popular internet search engine. Provenance is a corporation that promotes product and supply chain transparency. MongoDB, Inc. reportedly topped earnings per share and sales expectations for the first quarter of 2021. On the list of the top ten cryptocurrency companies to watch, the company is ranked seventh. Solve. Care is a healthcare and associated services firm that sells a decentralized blockchain platform. Hedge fund interest in Teladoc Health, Inc. has increased considerably in recent months as a result of the coronavirus lockdowns. For more details, click 10 Best Cryptocurrency Startups to Watch.
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