A recent report by Galaxy Digital reveals notable changes within the global financial space, with private investment trends and venture capital funding patterns evolving.
Cryptocurrency VC funding plunged 20% in the third quarter as investors shifted focus to Bitcoin and meme tokens. The asset manager stated:
The “barbell market”- in which Bitcoin is leading on one end and memecoin activity is driving on the other when combined with minimal interest from large allocators and generalist venture funds, has kept the crypto VC market mostly tepid in 2024.
Meanwhile, such observations mean a lucrative environment for speculative crypto projects, and tap-to-earn Dogizen (DOGIZEN) seems to capitalize on the evolving trends.
Looking to revolutionize gaming on Telegram, Dogizen has seen massive interest from global investors, and its fast-paced presale, with $628,300 out of $700,000 raised so far, could testify to that.
BTC and meme tokens drive crypto VC funding drop in Q3
Galaxy Digital revealed a 20% QoQ decline in crypto venture capital funding in Q3 2024. Moreover, the deal count declined 17% quarter-over-quarter to 478.
Source: Galaxy Digital
The report highlighted that surging attention in speculative meme assets and Bitcoin contributed to the plummet to $2.4 billion as investors overlooked mid-tier projects.
Furthermore, early-stage firms led venture capital funding in Q3 2024 at 85%, whereas 15% funded later-stage entities.
Galaxy Digital emphasized that the booming barbell market – characterized by large-cap cryptos like Bitcoin and high-risk assets like meme assets – contributed to the stagnated crypto VC funding.
Meanwhile, the Telegram-based project Dogizen seems to benefit from this dynamic shift. The meme crypto attracted the attention of digital assets enthusiasts and gaming fans as it launched the world’s first ICO on Telegram.
Dogizen presale has attracted over $628,300 from profit-hunting investors within two weeks of going live, swiftly approaching the $700,000 target.
Should you invest in Dogizen?
It could be a lucrative investment for individuals looking for a meme token with a 100x potential.
Dogizen plans to dominate tap-to-earn gaming, leveraging Telegram’s massive user base of around 900 million monthly users for stable growth.
Moreover, the dynamic changes, with investors prioritizing speculative assets, open Dogizen for an impressive performance from presale and beyond.
The accelerated presale confirms investor trust in Dogizen’s potential future. More fund injections, massive users, NFTs integrations, new mini-games, and the upcoming first-of-a-kind Launchpad for Telegram gaming position DOGIZEN to rival the likes of Hamster Kombat and Catizen.
Trading at only $0.0007 per token, Dogizen presale will likely sell out before the scheduled time.
You can visit Dogizen’s official website for more details.
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