Triaconta Weekly #202
The following topics will be addressed in this weekly.
- Bundle performance
- Winners & Losers
- Market overview
In a period in which cash is depreciating due to inflation and stock prices are under pressure from the threat of war, cryptocurrencies are increasingly proving a solution to diversify your portfolio. This applies to private individuals, a growing number of companies, and now also several American states and the first country, El Salvador. We are slowing down again this week and especially yesterday although more and more investors now believe that the bottom has been set on January 24th.
1 Month: -1.54% | 7D: -5.11% | 24H: -3.99%
1 Month: -19.17% | 7D: -7.98% | 24H: -3.92%
1 Month: -19.50% | 7D: -10.57% | 24H: -2.46%
1 Month: -24.25% | 7D: -6.43% | 24H: -4.11%
Winners & Losers
Band protocol (+15%) and a lot of network traffic since the collaboration with Oasis network. Neo (+5%) and otherwise only losers. Very cheap after this week are unfortunately Spell token (-24%), Reserve Rights (-20%), Ethereum Classic (-20%), Celer Network (-19%) and Aave (-18%).
Kyber Network (KNC) lost its spot in the DeFi bundle in February of last year to Avalanche (+200% since that revision) and that worked out well as Kyber Network is only doing +40% since that revision. The remarkable thing about this cryptocurrency is that, while almost all cryptocurrencies are down from January 1 this year, KNC shows a fantastic +70% positive return. KNC is a winner this year with the DApps on the Polygon network.
Kyber Network is a hub of liquidity protocols that aggregates liquidity from various sources to provide secure and instant transactions on any decentralized application (DApp). The main goal of Kyber Network is to enable DeFi DApps, decentralized exchanges (DEXs) and other users easy access to liquidity pools that provide the best rates.
The EURS, a Euro-pegged stablecoin from STASIS, will be launched on Ripple’s ledger in the second half of this year. According to Gregory Klumov, STASIS CEO, the decision to launch the digital Euro on Ripple is due to the huge benefits associated with the network, including speed, low cost, scalability and environmental friendliness.
Throughout the year there are multiple Axie Infinity tournaments with prize money in AXS. GalAxie Cup 2022 is a professional Axie Infinity Esports tournament broadcasted by VeraEsports, held in November and part of Axie Infinity’s global gaming roadmap for 2022. The tournament kicks off March 24, 2022 with Stage 1 Open Qualifiers and registration is open for gamers around the world. It is a three-stage tournament leading up to the final stage – the GalAxie Cup 2022 in November.
Zelaya, El Salvador’s finance minister, has confirmed that the government plans to issue the first $1 billion “Bitcoin bond” at a coupon rate of 6.5% between March 15 and 20. Zelaya expects the bond to be oversubscribed by at least $500 million. As previously reported, El Salvador plans to use half of it for new bitcoin purchases, with the rest invested in energy infrastructure and mining. In total, El Salvador plans to raise $4 billion in Bitcoin bonds despite growing discomfort at the IMF where countries can normally only borrow money under their strict terms.
In Penny stock Zilliqa’s new Metapolis, users can purchase fully customizable NFT avatars that will represent them within this metaverse with a digital identity. Users can attend concerts and fashion shows, teleport between cities and individual domes, and access exclusive stores and showrooms to view or buy and sell digital assets. Sandra Helou, head of Metaverse and NFT at Zilliqa, says now is the time for entrepreneurs to unlock this new channel of engagement for customers and followers.