Triaconta Weekly #194
The following topics will be addressed in this weekly.
- Christmas 2021
- Bundle performance
- Winners & Losers
- Market overview
We wish you all happy holidays! The newsletter is a day earlier because we are taking a short break to visit family and friends. Don’t worry, the store will remain open. It was a very spectacular crypto year and we are grateful for the trust of all our customers in Triaconta. Many new customers have taken their first step into crypto with us this year and many more customers have either traded very frequently or just hodl’ed during every dip with diamond hands. Everyone has their own method and of course we hope that this has yielded you a very good result in the past year.
Do you want to share this success with family and friends? Then invite them with your personal Triaconta link and from now on you will receive a reward for every investment they make with us. You can find the invitation link on your account in the menu under Referral Bonus.
We can already announce the best bundle of 2021 and that is the PennyStock bundle. The year is certainly not over yet, but the lead is so big that the other bundles can never catch up in one week. You will see the final result next year. This week has been going well for all bundles so far. Looking further ahead, most analysts are positive, especially on altcoins in the 1st quarter.
1 Month: -9.41% | 6D: +6.98% | 24H: -0.51%
1 Month: -12.95% | 6D: +7.72% | 24H: +1.43%
1 Month: -21.34% | 6D: +2.33% | 24H: -3.49%
1 Month: -6.14%| 6D: +15.32% | 24H: -6.14%
Winners & Losers
DeFi has a year-end rally. Yearn finance (+53%) is rising even further this week. Behind that comes Terra (+40%) and Aave (+35%). This week also a former PennyStock with a sudden increase Ren (+30%). A few drops in price just below 10% for Waves, Tron, PancakeSwap, Reserve Rights and Filecoin.
Bitcoin miners have sold few BTC since March this year and are now holding nearly 1.8 million bitcoins with the expectation that prices will be higher in the future than during this year. The last time this much BTC was held was in December 2020 and they were quite right. Bitcoin then skyrocketed from $20,000 to $60,000 in just 12 weeks despite miners selling.
A strong example of blockchain governance at Uniswap. Mihailo Bjelic, co-founder of Polygon, submitted a proposal to roll out Uniswap v3 on Polygon in November, and it was voted on last week. With more than 72 million UNI tokens voting in favor of the proposal and only 500,000 UNI tokens against, the proposal was passed. Polygon’s proprietary token Matic soared to a new all-time high on this news this week. Traders can now exchange tokens on Uniswap using the Polygon network, which offers much faster and cheaper transactions than Ethereum. UniSwap is the largest decentralized exchange, but many were complaining about the high transaction costs.
Binance exchange destroyed 1.3 million BNB worth $700 million this time in their quarterly BNB burn. In a so-called ‘token burn’, tokens are permanently removed from circulation with a price-increasing effect. BNB burns from now on will no longer depend on Binance’s profits but on the activity on the Binance Smart Chain. The decrease of the amount of tokens will also stop if there are ultimately less than 100 million tokens in circulation (currently there are more than 166 million BNB tokens).
DeFi on Terra has grown very fast over the past month. Currently, more than $18 billion worth of cryptocurrencies is secured on the network via 13 DeFi protocols. Terra is now the number two behind Ethereum. Terra’s LUNA token has skyrocketed as a result and recovered quickly as the rest of the market fell. This week, LUNA again went to a new all time high of € 86.70, which is more than double in just 1 month.
Visa, the global leader in payment processing, has acquired CurrencyCloud. This company is the world leader in providing integrated B2B cross-border payments for platforms of the future. Since July 2020, CurrencyCloud has partnered with Ripple to explore new mechanisms to move money around the world efficiently, especially where regulations and restrictions limit opportunities for SMEs.
Two of the five SEC members released a joint statement this month criticizing the current policy of the US regulator. They claim that the SEC has not developed clear standards that would allow investors and regulated companies to safely handle cryptocurrencies. A growing group of investors, companies and politicians fear that this will limit and slow down the cryptocurrency sector in America while the rest of the world regulates and develops further. They call on Congress to provide clarity with new legislation. Otherwise America could miss the boat.