Pantera Capital News

Since inception, the project has raised a cumulative $31 million from investors, which include some of blockchain’s biggest venture funds.

“At MakersPlace, we view our work as an investment in the future of creativity,” said co-founder and CEO Dannie Chu.

Ether has more potential than Bitcoin as a newer cryptocurrency, and the latest EIP-1559 will help the token trade more like a fixed asset, Pantera Capital CEO said.

The Pantera boss cited three primary reasons why crypto markets dumped a trillion dollars in market cap.

A new decentralized autonomous organization, BitDAO, announced its launch with a $230 million private sale and major contributions from Singapore-based Bybit.

Unbound Capital aims to become the first decentralized cross-chain stablecoin. The private investment round had participation from at least 14 venture funds and over a dozen angel investors from across the blockchain industry.

Liquity Protocol, which provides interest-free borrowing on the Ethereum network, plans to expand its ecosystem and hire more resources following the latest funding round.

Analysts say Bitcoin and Ether’s growing dominance of the crypto market are signals that the current bull market is drastically different than the last one.

Pantera Capital CEO Dan Morehead believes that propelled adoption will drive the Bitcoin price above $100,000 by August 2021.

The monster raise might be an indication that Pantera’s ambitions are inflating in lock-step with Bitcoin’s rising price.

The surge in crypto derivatives trading is likely to continue amid the bull market.

Despite the recent slump, Pantera believes that most of the growth in the next bull cycle will be generated by DeFi.

According to Pantera Capital CEO Dan Morehad, DeFi has more chances to grow 100X in the next five years than Bitcoin.

But that’s still less than it raised in 2018.

Dan Morehead is more conservative in his Bitcoin price predictions than his firm Pantera Capital, though both agree that it will hit $100,000.