CV Pad Co-Founder Sees Promising Crypto Project Indicators for Q4 Ahead
Zug, Switzerland, August 23, 2024
Florian Kohler, co-founder and managing partner of CV Pad, a VC-embedded Web3 launchpad, has shared his views on the current crypto market conditions. According to Kohler, many emerging pioneers have delayed launches due to the market’s recent volatility, yet indications of current broader market inflows are inspiring confidence among startups.
After Bitcoin and other major cryptocurrencies hit all-time highs (ATH) in March of this year, the economic instability that followed, combined with increased global tensions, has made 2024 something of a roller coaster for digital assets and their development teams. When asked about this year’s market performance, Florian said, “We had an expansion in Q1, a contraction in Q2, and Q3 is still playing out. Bitcoin experienced another rally recently following political events in the US with another potential ATH on the horizon, but most of the altcoin market is still down from its Q1 highs.”
One way to measure the crypto market is by analyzing the inflows and outflows. Bitcoin, in particular, is under constant scrutiny in this metric, and despite recently recording a series of net outflows, it is now accumulating a series of net inflows. This positive streak, in the hundreds of millions of dollars, typically indicates a high demand for buying Bitcoin and other cryptocurrencies – a good sign for the market. Speculators could connect this to recent political news in the US, such as the sudden interest of both parties Democrats and Republicans in BTC along with the rumored interest of the US government in adding BTC to national reserve assets.
There’s more reason to be optimistic with Ethereum (ETH), the second-largest cryptocurrency. ETH ETF trading products have just recently launched and are quickly gaining traction. Meanwhile, Solana (SOL) ETFs have already received approval in Canada and Brazil, with several other countries likely to follow suit soon.
In response to how the market fluctuations might affect CV Pad as a go-to platform for launching high-potential Web3 and crypto startups, Kohler explained, “CV Pad is looking for new opportunities to support project launches and bring VC-vetted opportunities to Web3 participants. However, something we fully understand is that many projects are choosing not to launch under the current conditions. If this cycle plays out like the previous cycles, we expect a more bullish sentiment by late Q3 or Q4 to bring new life to the crypto ecosystem.”
With indications of high demand for Bitcoin and altcoins, Kohler anticipates a wider market recovery that will inspire confidence among startups, enabling them to launch their products and tokens with the support they need. CV Pad is currently receiving a large number of applications from projects planning to go to market. As the market continues to strengthen, he expects to see a surge in Web3 innovations, with many more projects set to launch on CV Pad before the end of the year. This positive momentum will empower startups to secure funding and successfully bring their ideas to market.
About CV Pad
CV Pad is a Launchpad+, aiming to take projects through their TGE with a suite of launch services, tokenomics support, distribution, marketing, and the support of a global network of partnerships. Startups can apply to join the CV Pad ecosystem here: https://form.typeform.com/to/a14MHA9f?typeform-source=www.cvpad.io
As a collective project from DuckDAO, CV VC, and CV Labs – CV Pad is able to utilize a wealth of experience in Web3 and traditional venture capital to support projects and provide vetted, curated picks for the launchpads investors. Investors can prepare for the next launch by joining CV Pad: https://app.cvpad.io
