Triaconta Weekly #197
The following topics will be addressed in this weekly.
- Bundle performance
- Winners & Losers
- Market overview
Many have requested this. Triaconta will soon introduce a new bundle that will follow the fastest growing trend of 2022.
A volatile week where investors could not choose between hope and fear. On Wednesday, inflation in America turned out to be high, but in line with expectations and that made investors happy. The next day, however, they returned everything. Bitcoin and many other cryptos also made the same jump and dive, although there were big differences between the various coins, so the bundles drop very little. Positive for the long term is that the crypto market seems to be making a higher bottom compared to September 2021. We therefore remain optimistic for 2022.
1 Month: -12.47% | 7D: -1.11% | 24H: -3.86%
1 Month: -0.56% | 7D: -1.27% | 24H: -4.48%
1 Month: -3.95% | 7D: -1.94% | 24H: -3.18%
1 Month: 18.70% | 7D: -2.54% | 24H: -5.52%
Winners & Losers
Elon Musk continues to support Dogecoin (+28%) and sent a message that from now on you can pay with Doge in the Tesla shop. Kava (+25%) will go live next week with their Kava 9 mainnet, which will connect to other blockchains, especially Cosmos (see losers) and Terra (+15%). Cross-chain messages and Bridge capabilities are becoming increasingly important and the Celer Network (+22%) Interchain Message Framework will soon support this and enable multichain DApps. Internet Computer (+8%) records its fourth week increase.
Unfortunately, also some declines, such as Ravencoin (-14%) that still does not want to break out of the triangle of lower tops and higher bottoms formed since the beginning of 2021. Cosmos (-11%) also unable to pass €38 for the third time. A now triple top in this region is likely to break through soon. Only minor declines for The Graph (-6%) and Synthetix (-5%) despite a 17% rise in cryptocurrency value locked this week in various DeFi projects such as Aave, Maker and Compound.
This week marks 13 years since the first Bitcoin transaction took place between Satoshi and Hal Finney or between Hal Finney and himself as some people claim. Hal Finney was a programmer and a well-known cryptographer from the cyberpunk movement. He was one of the first to comment when Satoshi published the Bitcoin whitepaper in 2008. On January 3, 2009, the first block was mined and Hal Finney was the second person to also connect his computer to the Bitcoin network and the first to receive the first bitcoin transaction of 10 BTC on January 12.
Monsterra will be the first Play to Earn (P2E) game on two blockchains. The P2E NFT game will be launched first on Binance Smart Chain and expanded to Terra in Q2. A good development for future gamers who are usually limited to a single network. BSC was selected as the core platform due to its sizeable user base and stable ecosystem with the BNB token, making it a better place than Ethereum with its high transaction costs. The expansion to the trending Terra platform says a lot about Monsterra’s strong relationship with the Terra Foundation. Monsterra will not only be one of the first games in Terra’s growing metaverse, but will also benefit from a bridge connecting BSC to Terra, allowing users to use the best of both chains.
Web3 accelerator DeFi Alliance will continue as Alliance DAO. They help new DeFi projects with funding and knowledge. The primary reason for the change is that the goal of growing Web3 to one billion users will require a much greater effort than what DeFi Alliance could do alone. A DAO gives direct participation and immediately raised $50 million from 300 contributors to support Web3 startups. . A DAO is a new virtual enterprise, an online group of people that uses blockchain and smart contracts to control member participation, management, financing, voting, etc.
The deadline for hearing witnesses in the SEC vs Ripple lawsuit has been moved from January 19 to February 28. Due to corona, both parties are unable to hear 8 of the 16 witnesses before that time. This is the third time the case has been delayed from the original schedule. The verdict is now expected in August-September 2022. A faster solution via a settlement is also possible at any time.
Eduardo Paes, the mayor of Rio de Janeiro plans to hold 1% of the city’s reserves in Bitcoin. A 1-2% rate for crypto is what more and more financial advisors are finding sensible in a diversified portfolio these days. Rio is the financial heart of Brazil, so this is quite a big step. Because inflation in the country rose to 11% in 2021, it will not be long before this percentage increases on its own.