Ether Price Drop Slashed Valuation of Crypto Valley’s Top 50 Firms by 40%

Cointelegraph

Published Jan 23, 2020 04:42AM ET

Updated Jan 23, 2020 06:22AM ET

Ether Price Drop Slashed Valuation of Crypto Valley’s Top 50 Firms by 40%

The combined valuation of the top 50 blockchain-related firms in the Swiss canton of Zug — known as “Crypto Valley” within the industry — fell by nearly half in 2019.

Swiss investment firm CV VC debuted a new report at the World Economic Forum in Davos, Switzerland on Jan. 22, giving an appraisal of the blockchain and cryptocurrency industries in the Crypto Valley during the last year.

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