Triaconta Weekly #186
The following topics will be addressed in this weekly.
- Bundle performance
October is generally a great month for Bitcoin and the rest of the market. Not only is Bitcoin making a new all-time high of $57,450 ($67,000) this week, but crypto’s total market capitalization also rose to a high of $2743 billion. Of course we also see this in the performance of our bundles.
1 Month: +42.41% | 7D: +6.28% | 24H: -2.59%
1 Month: +29.79% | 7D: +9.09% | 24H: +0.19%
1 Month: +31.39% | 7D: +9.35% | 24H: +0.21%
1 Month: +26.44% | 7D: +9.65% | 24H: +1.12%
Bundles that follow the market with their composition do better. Stay up to date with your Bundle and follow our revisions. This can be done automatically or manually via the portal.
In the Top 30 bundle we welcome two new projects and unfortunately say goodbye to NEO and Maker. The latter will of course remain part of the DeFi bundle and both coins will remain available on our platform.
Internet Computer Network (ICP)
The team behind ICP aims to create a global computing platform on which developers can build websites and applications. The speed and processing capacity (they speak of web speed themselves) must be able to run complete business IT systems and internet services. Large servers or centralized cloud services such as Amazon and Google are no longer needed for this.
Axie Infinity (AXS)
Finally a real gaming token in the Top 30. Online gaming has increased enormously during the Corona pandemic. Due to the combination with blockchain you can now really own your character and virtual clothing, weapons, house, estate, etc. That is already a big change, but it became interesting financially when play-to-earn (P2E) was conceived. Players can earn money in the game, and the leading blockchain game right now is Axie Infinity. Besides being a fun game based on the Pokémon world, it has also grown into a marketplace and social network with over 200,000 active participants.
In the Penny Stock bundle we also select a token from the GameFi world and a small but increasingly popular Defi token. They replace Reserve Rights and Digibyte.
The Gala token runs on Ethereum and the Binance smart Chain and validates in-game transactions for blockchain games. Gala Games itself also operates a full range of different games and all items in the games are tradable on the platform. Players can also influence the development of new and existing games by voting with their tokens. Founder Eric Shiermeyer co-founded Zynga which you may know from successful games like Mafia Wars and Farmville.
ForTube has nothing to do with YouTube and is a decentralized cryptocurrency bank and building site for decentralized DeFi application development. The token has only a small market cap of $60 million but stands out for us with a daily trading volume of $30 million. Users can deposit, withdraw, borrow and repay at any time. Interest rates are automatically adjusted by the platform’s algorithms.
Several promising projects are vying for the 10 places in the DeFi bundle. We follow the direction of the market and choose Fantom and The Graph over Yearn Finance and Synthetix.
Fantom is the only smart contract platform that uses directed acyclic graph (DAG). This system is faster and cheaper than blockchain because it uses a data structure that links transactions together instead of making blocks of transactions from it first. The transaction chain allows users to validate transactions from others with their own transactions and is therefore unlimitedly scalable. For DeFi applications, fast, cheap and scalable is exactly what you need.
The Graph (GRT)
The Graph is an indexing protocol for retrieving data from blockchain networks. It is increasingly used in applications for both DeFi and the wider Web3 ecosystem. The Graph currently supports indexing data from Ethereum, IPFS, POA, Polkadot, Solana, Near, and Celo. Additional Layer-1 blockchains under investigation for integration include Bitcoin, Cosmos, Avalanche, Binance Smart Chain, and Flow. The ultimate goal is to make structured information available on all standalone blockchains.