Fuel and Bubblemaps, both valued at $1 billion by VCs, currently have market capitalizations of only $11 million and $6 million, respectively.
PANews, December 23 – According to a VC valuation and current market cap comparison chart released by CryptoRank, the market cap of most projects has shrunk significantly compared to their VC valuations, reflecting a correction of overvalued projects following a shift in market sentiment.
Data shows that Humanity Protocol, Fuel Network, and Bubblemaps each had a VC valuation of $1 billion, but their current market caps are only $285 million, $11 million, and $6 million, respectively. The market caps of projects such as Plasma, ICNT, DoubleZero, Camp Network, and Treehouse are also far below their VC valuations, standing at $224 million, $247 million, $373,000, $15 million, and $16 million, respectively.
In addition, the market caps of projects like Everlyn, SoSoValue, Privasea, Bitlight, Momentum, Kyo Finance, and Yieldbasis are all lower than their VC valuations. For example, Everlyn's market cap is only $26 million, while its VC valuation reached $250 million. CryptoRank reminds investors to calmly assess risks before investing and avoid being misled by market sentiment or hype.
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.
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