Cryptocurrency-focused investment firm Pantera Capital’s liquid token fund, which focuses especially on altcoins, has experienced significant growth this year.
Cryptocurrency hedge funds face difficulties 2022 leaving the year behind 2023 He had good returns in 2018. Chief among these was Pantera Capital. Pantera Capital’s liquid token fund will open in 2023 Growth around 80% showed. Compared to this year’s growth The same fund will decrease by 80% in 2022 had lived.
One of the most important assets of the fund, which experienced a significant return within a year dYdX (DYDX) happened. Bitcoin (BTC) And Ethereum (ETH) the fund in question less than 40% It was stated that it was created. It is thought that this altcoin-oriented investment strategy of the company can bring more profit in the coming period. In particular, Bitcoin market dominance has decreased and If there is a period where money flows into altcoins This fund from Pantera Capital will manage to stand out.
Making a statement on the subject, Pantera Capital manager Dan Slavinin the coming period There may be an altcoin season He conveyed it with the following expressions:
It looks like there will be another altcoin craze. The atmosphere in the crypto market this year is very similar to the atmosphere 3 years ago when Bitcoin and altcoins experienced crazy rises.
However, this year Bitcoin 150% increase On average, hedge funds have failed to keep up. FTX last year’s collapse brought the end of many crypto hedge funds. Again average as crypto hedge funds this year 44% return provided and in 2022i 52% loss made up for it.
In its recently published annual report, Pantera Capital said, 2024 He stated that he expects significant developments in blockchain technology in 2019.