Triaconta Weekly #206

The following topics will be addressed in this weekly.

  • Bundle performance
  • Winners & Losers
  • Market overview

Bundle performance
As expected, the Fed raised interest rates by 0.25% and made little impression on the markets. The Bank of England raised interest rates for the third time and Europe, according to Lagarde, will first buy fewer bonds and an interest rate increase may not be in order until the third quarter. Meanwhile, the interest on your savings account remains practically zero and the annual inflation rate in the Netherlands is heading towards 7%, according to DNB. The total crypto market has risen over 5% this week. If we can continue this next week, the future looks bright again. Bitcoin is still moving within a sideways channel where we have been waiting for the final breakout above €40,000 for a month now. The DeFi bundle is the best this week with help of Aave and The Graph.

Big 3:
1 Month: +2.42% | 7D: +4.74% | 24H: -0.22%

Top 30:
1 Month: -5.31% | 7D: +1.62% | 24H: -1.29%

Penny stock:
1 Month: -15.26% | 7D: -0.58% | 24H: -1.76%

1 Month: +0.59% | 7D: +6.34% | 24H: +0.41%

Winners & Losers
Nano (+39%) rose this week due to high demand for the ability to have your nano wallet registered in your name for a few Nano per year. Aave (+30%) is in demand after its successful upgrade to V3. The Graph (25%) is suddenly a heavily purchased coin by large Ethereum owners according to WhaleStats. Basic Attention Token (24%) is benefiting from an NFT lottery and Maker (+19%) is responding to a change proposal to allow the coin to benefit more from the success of its Dai stablecoin. Finally a step back for Terra (-10%) after doubling in the last month. Further smaller declines for Ren (-6%), Icon (-5%), Fetch.AI (-6%) and Hedera (-5%).

Market overview
The latest V3 upgrade to the lending and borrowing protocol Aave has been welcomed by many new buyers. Aave now supports cross-chain transactions, optimized gas costs and isolated listing of new assets to protect existing ones. Lenders are pleased with the improved risk management and everyone is excited about the completely redesigned and refreshed Aave app.

There were NFTs, including one from the famous Bored Ape Yacht Club, to be won this week in the Brave Swap Stakes. By swapping coins with the built-in wallet of the free and privacy-friendly Brave browser published by the Basic Attention Token project, you could win prizes every day. An attractive way to entice many users to give this a try and so the BAT token was in high demand. Brave Browser recorded over 50 million monthly active users at the end of December 2021, doubling for the fourth year in a row.

Ethereum had a positive week after a success on the Kiln testnet, a fundamental milestone on the road of transitioning to proof of stake as a consensus algorithm planned during this year. Ethereum 2.0 will then need to be much faster, cheaper and less environmentally damaging. Meanwhile, the competition is not sitting still and this migration is also taking much longer than expected.

President Zelenskyy of Ukraine found time this week to sign a law creating a legal framework for the cryptocurrency industry in the country. The law allows foreign and Ukrainian cryptocurrencies exchanges to operate legally, according to the country’s Ministry of Digital Transformation. Ukraine has raised more than $63 million through crypto donations for military and humanitarian efforts and continues to do so.