Triaconta Weekly #159

The following topics will be addressed in this weekly.

  • Bundle performance
  • Winners & Losers
  • Market overview

Bundle performance
It goes up and down quickly on the roller coaster called crypto. Fortunately, the price fluctuations of the different coins in the Bundles are softened because investments are made in multiple coins, so here we usually do not see any sharp decreases or increases. With one exception, the Big3, which of course consists of only 3 coins. Here we see that XRP (+ 71%) has risen very sharply following positive news from the lawsuit between Ripple and the SEC, putting the whole bundle in an excellent week despite a small correction to the Bitcoin price.

Big 3:
1 Month: 34.07% | 7D: 16.86% | 24H: 2.38%

Top 30:
1 Month: 39.19% | 7D: 9.27% | 24H: 2.88%

Penny stock::
1 Month: 60.56% | 7D : 6.10% | 24H: 2.15%

1 Month: 0.24% | 7D: 0.28% | 24H: 1.33%

Winners & losers
Our customers are increasingly buying individual crypto coins in addition to their bundle. Is the trend your friend or do you buy the dip? This week’s winners are XRP (+ 71%), Vechain (+ 38%), Tron (+ 32%) and Binance coin (+ 30%) again this week and Bitcoin Cash (+ 11%). Last week’s winner (+ 89%) lost some of its gains this week: Filecoin (-13%). Bitcoin (-2%) has also fallen slightly this week.

Market Overview
The SEC charged Ripple with conducting $1.3 Billion Unregistered Securities Offering in December 2020. The SEC wants to hear from the court whether XRP can be considered a security, which makes the sale of XRP by Ripple an illegal offering of unregistered securities, which is prohibited in the United States. Several stock exchanges in the US subsequently delisted XRP. The fact this only applies in the US is important to underline because outside the US there is little doubt that XRP is a currency and not some kind of share in the company Ripple. This week, the judge ruled that Ripple is granted access to the SEC’s internal emails and discussions that led to the SEC’s earlier official statements that Bitcoin and Ethereum are not securities. Ripple wants to gather arguments that XRP is also not a security and make it plausible at the next court session in May that they could not know that they were selling an unregistered security (the fair notice defense). Last week, the SEC also faced a setback when 11,000 angry XRP owners were allowed by the judge to file a joint motion to join the lawsuit as interested parties. The final decision in October could have major consequences for all cryptocurrencies. However, it may come to an earlier settlement with Gary Genschler. The SEC’s new boss will be appointed by Congress on April 12.

Binance CEO Changpeng Zhao has stated that he has now invested nearly 100% of his assets (estimated at $ 1.9 billion) in crypto. He also has no intention of ever selling this for dollars or making other investments in stocks or real estate. After selling his apartment for Bitcoin, he now rents his house and his car. He pays for his groceries with the Binance Card and wants to continue promoting this card this year. Binance coin (+ 30%) hit a new all-time high of $ 414.36 this week and the Binance Smart Chain had a record 4 million transactions on April 7. That is now far in excess of the number of 1.3 million transactions on the Ethereum blockchain on that day.

Cardano’s first supply chain application goes live in a Georgian winery. The Cardano Foundation has rolled out its supply chain traceability and counterfeiting solution in partnership with the Scantrust platform. The system provides fast and low-cost supply chain tracking, powered by the Cardano blockchain, while eradicating counterfeits. The Cardano Scantrust application merges metadata from the Cardano blockchain with unique and traceable QR codes from Scantrust. The application gives wine buyers access to reliable and relevant data about the wines.

Coinbase will go public on April 14 and Kraken will also try this in 2022. It is an excellent signal for the entire crypto sector when a major cryptocurrency exchange gets a Nasdaq listing. It also forces all non-crypto investors in the Nasdaq to investigate this new phenomenon called crypto.