FN Media Group Presents Microsmallcap.com Market Commentary
NEW YORK, Sept. 1, 2022 /PRNewswire/ -- The crypto bear market isn't all bad after all. It turns out the downturn provides excellent opportunities for expansion through mergers and acquisitions (M&A). According to Needham's senior research analyst John Todaro, valuations of public crypto companies have fallen about 70% this year. The sector's also in the midst of a crypto crash, which has wiped out around $2 trillion in value over the past few months, meaning crypto companies are cheaper now a year ago when the sector was in full recovery. Voyager Digital, the lender whose bankruptcy deepened this year's crypto market crisis, is attracting interest from some of the biggest players in the space, including exchanges Binance and FTX. FTX and Ripple Labs still have M&A in the pipeline for 2022 but WonderFi Technologies Inc (TSX:WNDR) (OTCQB:WONDF) was one step ahead when earlier this year they acquired Bitbuy and...
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...