Bittime - Crypto market May 2024 shows positive trend in terms of funding. Data from RootData shows that total funding in the crypto market in May 2024 reached USD 994 million, an increase of 26.9% compared to May 2023 which reached USD 783 million.
Crypto Market May 2024: Annual and Monthly Funding
Despite the annual increase, total funding in May 2024 experienced a slight decrease compared to the previous month, April 2024. In April, total funding reached USD 1,033 billion, down 3.7%.
Apart from total funding, the amount of funding in May 2024 also decreased compared to the previous month. In May 2024, there were 153 funding, down 8.9% compared to April 2024 which reached 168 funding.
Check Today's Crypto Market:
Details of Funding by Sector
RootData data also shows a breakdown of funding by sector in the cryptocurrency industry. The following are several sectors that experienced the largest increase in funding.
- Infrastructure: The infrastructure sector experienced the largest increase in funding, reaching USD 311.8 million or 31.4% of total funding.
- DeFi: The DeFi sector is in second place with USD 235.95 million in funding or 23.7% of the total.
- GameFi: The GameFi sector saw a significant increase in funding, reaching USD 132.7 million or 13.4% of the total.
- NFT: The NFT sector saw funding of USD 90.12 million or 9.1% of the total.
Crypto Market Trends May 2024
The crypto market in May 2024 still shows a positive trend in terms of funding, although there is a slight decline compared to the previous month. The increase in annual funding and funding in key sectors shows investor optimism about the future of the industry.
This can be seen from the increase in funding in sectors considered important for long-term growth, such as infrastructure, DeFi and GameFi.
Meanwhile, the decrease in the amount of funding and total funding compared to the previous month was likely caused by several factors, such as market volatility and regulatory uncertainty.
Also Read How to Buy Crypto:
How to Buy Crypto with Bittime
You can buy and sell crypto assets in an easy and safe way through Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Monitor price chart movements of Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Also Read:
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A Look at Types of Crypto Fundraising: A New World of Startup Funding!
WorldCoin Foundation Opens Registration for WAVE1 Community Funding Program
DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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