Here Are Top Five Altcoins To Watch Based on VC Backing, According to Coin Bureau

Here Are Top Five Altcoins To Watch Based on VC Backing, According to Coin Bureau


Popular cryptocurrency analyst and Coin Bureau host, Guy, says investments by venture capitalists in later-stage cryptocurrency projects indicate the high potential those particular projects have.

Guy kicks off his list of five cryptocurrency projects with high-performance blockchain Solana (SOL), which is among the many projects that have received massive financial backing from venture capital (VC) firms since the start of the year.

 

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“When VCs invest heavily in a cryptocurrency that’s already up and running, it suggests the project in question has serious long-term potential and is not just some speculative short-term investment.

In first place we have Solana.”

The YouTuber tells his nearly 1.2 million YouTube subscribers that over $500 million has been poured into Solana in various tranches as he terms the haul a ‘bullish’ sign.

That includes a $40 million funding round in March, a $60 million round in May, another $100 million in May and $314 million in June.

Next on Guy’s list is Dapper Labs,

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