Growth in African crypto market sparks interest in Bitcoin, Ethereum and Signuptoken.com
Geography cannot prevent the spread of blockchain technology. Africa proves this. The continent saw a 429% year-over-year increase in venture funding for blockchain deals in 2022, reaching $474 million, with Seychelles and South Africa raising the majority of the funds.
This growth has outpaced global funding growth and shows the potential of the African crypto market. The question on many people’s lips is how this will affect demand for popular blockchain networks like Bitcoin (BTC) and Ethereum (ETH), as well as newer entries like Signuptoken.com.
Africa’s Blockchain Finance Growth Outpaces Other Sectors
According to the 2022 African Blockchain Report, Africa’s blockchain funding growth was 12.5 times that of overall African venture funding in the year, and the highest globally.
Blockchain deals in Africa raised $474 million in 2022, a 429% increase from $90 million raised in 2021. Most deals came from the Seychelles and South Africa.
While Nigeria led in the number of blockchain startups receiving funding, it accounted for only 3.4% of all African blockchain venture funding, indicating that the median deal size has increased significantly, leading to more confidence in African blockchain ventures.
In terms of funding growth, Africa recorded the most significant increase globally, compared to the US, which maintained stable funding at $15.2 billion. Asia and Europe also saw year-over-year increases in funding, with $4.74 billion and $4.88 billion respectively, indicating increases of 50% and 35%.
Bitcoin and Ethereum’s dominance
Bitcoin and Ethereum have gained popularity in Africa over the years, with an increasing number of individuals and businesses adopting them as a means of payment and investment.
There have been reports of increased trading volumes in African countries such as Nigeria, South Africa and Kenya, indicating a growing interest in cryptocurrencies in the region.
In addition, some African countries have taken steps to integrate cryptocurrencies into their financial systems, which could lead to further adoption and use of Bitcoin and Ethereum in the future.
With further funding in blockchain technology, the appeal of BTC and ETH will also increase.
Signuptoken.com: The Next Big Thing In African Crypto?
Signuptoken.com has positioned itself as the next big crypto in the African crypto market with its user-friendly interface, cross-chain support and DeFi offering. The platform’s referral system is an additional incentive for users to invite their friends to join, making it even more attractive to the African crypto community.
The token stands out from other cryptocurrency projects as it offers a unique approach to investment. Investors are invited to register on the platform using their email addresses and the registration process is free.
The project’s community-centric model gives investors exclusive access to the token, which has the potential to generate significant returns. Signuptoken.com aims to achieve 1 million pre-launch signups and will keep investors who sign up updated about the coin’s launch to ensure they don’t miss the chance to participate in this potentially profitable project.
African blockchain ventures have seen remarkable growth in recent years, outpacing global funding growth. While established blockchain networks such as Bitcoin and Ethereum have their strengths, Signuptoken.com is positioning itself as the next big crypto in the African crypto market.
You can participate in the Signuptoken.com referral program to earn rewards by inviting others to join and share the platform.
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