Statistic: This Year's Coin Issuance Projects Have Significantly Fallen Below Their Last Venture Capital Funding Valuation

BlockBeats News, December 24th, according to CryptoRank data, some of this year's newly issued crypto projects have fallen well below their pre-issuance final round of venture funding valuation. The project's token market cap is even more than a hundred times lower than the mentioned venture valuation.

For example, the Bubblemaps token BMT currently has a circulating market value of about $6 million (the FDV is only $22.92 million), similar to Fuel Network.