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Pantera Capital's ICO fund grows 500% in 2020 – Explica


Pantera Capital, an ICO-focused fund, rose 500% in 2020. The Bitcoin fund’s similar indicator was 299%, the block writes.

First, Pantera ICO Fund has invested in Filecoin, 0x and other protocol building projects in the blockchain ecosystem.

Then, according to Dan Morehead, the current market environment is different from 2017. Investors are much more focused on Bitcoin and Ethereum than in the previous rally.

Finally, Morehead points out that these two cryptocurrencies accounted for 86% of the total market capitalization of the market. The remaining 5000 altcoins sharing the remaining 14%.

Recall that on January 14, the CEO of Pantera Capital predicted a rise in the price of bitcoin to $ 115,000 by August 2021.

Previously, Morehead had made an optimistic forecast for Ethereum and XRP.

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