Triaconta Weekly #191
The following topics will be addressed in this weekly.
- Bundle performance
- Winners & Losers
- Market overview
December is off to a good start. All bundles in the plus and the holidays have yet to start! While Bitcoin is recovering, many altcoins have risen sharply.
Revision update: Two bundles are benefiting heavily from Terra (LUNA) this week and this coin has now reached the 1000% gain since revision milestone. Terra was added to the DeFi and Top30 bundle at the end of February.
1 Month: -6.75% | 7D: +5.73% | 24H: +0.38%
1 Month: -7.94% | 7D: +10.19% | 24H: -8.40%
1 Month: +41.93% | 7D: +12.46% | 24H: +2.73%
1 Month: -10.00 | 7D: +10.49% | 24H: +0.48%
Winners & Losers
A new all-time high for Terra (+68%) and a very good week for Reserve Rights (+44%), Polygon (41%), Solana (+21%) and ForTube (+21%) finally here because of the collaboration with IoTex, which will lead to more customers and transactions. Losers are among the super fast rising Metaverse tokens such as Gala (-24%) and Enjin Coin (-14%) and also Basic Attention Token (-10%) corrects a bit on last week’s rapid rise.
No news of course that El Salvador bought the dip again last Friday. This time 100 BTC so that the country now has 800 BTC. El Salvador’s President Nayib Bukele has announced plans to build a new “Bitcoin City” city next to the Conchagua Volcano, whose geothermal energy will power bitcoin mining and meet the city’s needs. Blockstream is going to help El Salvador with the financing. The first 10-year bond issue, known as the “volcano bond”, is for $1 billion, backed by Bitcoin at 6.5% intrest. Half of this amount would go towards buying more bitcoin on the market, with the other half going towards developing the city. Other bonds are expected to follow.
Grayscale starts a Solana fund. This is the sixteenth crypto fund with which a total of $35.7 billion has been invested in crypto by mainly American investors. Institutional investors are often not allowed to trade directly on a cryptocurrency exchange and can only become active in this sector in this way.
A piece of land of the rare “Genesis” type in Axie Infinity has been sold for 550 Ethereum or $2.5 million. This is the highest price ever paid for a virtual piece of land in a blockchain game. The homeland of the Axies is Lunacia and different land types offer different earning opportunities.
At the first GoGalaGames Spider Tank World Cup in Seoul, CEO Eric Schiermeyer announced that Gala will invest $1 billion in game development in Korea. They are looking to partner with companies and developers for even more new games. Spider Tank is still pre-release but could be played at the tournament. The big Galaverse conference on December 11 and 12 in Las Vegas is completely sold out and we are looking forward to more good news from Gala.