Fuel and Bubblemaps, valued at $1 billion by VCs, currently have market capitalizations of only $11 million and $6 million, respectively.

PANews reported on December 23 that, according to a chart comparing VC valuations with current market capitalization released by CryptoRank, the market capitalization of most projects has shrunk significantly compared to their venture capital valuations, reflecting a correction of overvalued valuations following a shift in market sentiment.

Data shows that Humanity Protocol, Fuel Network, and Bubblemaps all had VC valuations of $1 billion, but their current market capitalizations are only $285 million, $11 million, and $6 million, respectively. The market capitalizations of projects like Plasma, ICNT, DoubleZero, Camp Network, and Treehouse are also far lower than their VC valuations, at $224 million, $247 million, $373,000, $15 million, and $16 million, respectively.

Furthermore, the market capitalizations of projects such as Everlyn, SoSoValue, Privasea, Bitlight, Momentum, Kyo Finance, and Yieldbasis are all lower than their VC valuations. Everlyn, for example, has a market capitalization of only $26 million, while its VC valuation is as high as $250 million. CryptoRank reminds investors to calmly assess the risks before investing and avoid being misled by market sentiment or hype.