Triaconta Weekly #224

The following topics will be addressed in this weekly:

  • Bundle performance
  • Revision
  • Winners & Losers

Bundle performance
Inflation in Europe continues to rise and a dollar is worth more than a Euro for the first time since 2002. The European Central Bank is considering an interest rate hike of 0.5% or higher in September. The coming month is also historically not something to look forward to for the crypto market with an average drop of 6%. Or have we had most of the decline by now? In any case, we expect big moves in September due to Cardano’s important Vassil upgrade and of course Ethereum’s Merge to Proof of Stake. All bundles are quoting lower this week.

Big 3:
1 Month: -6.04% | 7D: -6.05% | 24H: +2.02%

Top 30:
1 Month: -7.91% | 7D: -4.91% | 24H: +2.52%

Penny stock:
1 Month: -5.13% | 7D: -6.34% | 24H: +2.21%

1 Month: -10.07% | 7D: -5.71% | 24H: +2.80%

The crypto market is constantly changing and Triaconta is therefore changing the composition of the standard bundles next week. If you enabled automatic revision on your bundle, the changes below will also be applied to your bundle. Stay up to date and enable revision on your bundle as well.

In the Top 30 bundle we welcome the very fast growing Flow platform for NFTs, Games and DeFi. Elrond unfortunately drops out of the Top 30 again after three months but we keep an eye on it because this project is the only crypto currency that has obtained a European e-money license.

Flow is now the second blockchain after Ethereum in terms of turnover in NFTs. The creators Dapper Labs you may remember from the crypto kitties. This was one of the first hypes in the NFT sphere and blocked all traffic on the Ethereum network for weeks. That was so frustrating that the creators then simply built themselves a completely new blockchain on which this traffic would not have been a problem and that has become Flow.

In the Penny stock bundle that looks primarily at volume we add the most traded token of late, the Shiba Inu. Also new in the Penny Stock bundle is the distributed computer platform token Ankr. As a result, we say goodbye to Celer Network and IOST.

Shiba Inu is a successful experiment in establishing a decentralized community and has become almost as successful as Dogecoin in a short period of time. In the reverse order, the fans came first and only afterwards people started thinking about applications. There are now many developments underway in the field of decentralized exchanges, games and metaverse projects. The token is therefore constantly in the news and will, if all goes to plan, gain even more fans in the future.

Ankr is a blockchain cloud hosting project that is overtaking more and more well-known Web3 projects by offering high performance in terms of speed, reliability, affordability and user experience. Ankr manages the infrastructure that allows Web3 applications to connect to more than 18 blockchains, and processes several billion requests to and from decentralized applications daily.

In the DeFi market, confidence in Fantom’s services has been renewed so it returns to the DeFi bundle after a brief absence. Also, we add the Lido DAO project which is expected to benefit from the upcoming Ethereum merge. We say goodbye to Convex Finance and PanCakeSwap. The latter disappears because the swap market is now completely dominated by UniSwap.

LIdo DAO has major correlation with the Ethereum Merge and was founded a few weeks after the plans for Ethereum 2.0 were announced. It ensures that crypto that must be locked in for a certain amount of time for a reward on proof of stake blockchains is still made available in other DeFi applications. Lido DAO currently works for Ethereum, Solana, Polygon and Polkadot.

Winners & Losers
August’s winners were EOS (27%), Top 30 Cosmos (25%) and Penny stock Spell Token (22%). This week, Terra Classic (+87%) did not appear to have finished bouncing and even briefly rose to €0.0003 yesterday. Polygon (+11%) due to its listing on Robinhood and its connection with NFT marketplace OpenSea. The new Terra (+6%) may be rising on the hype of Terra Classic. There were nonetheless mostly losers this week and a bit cheaper today as a result were Avalanche (-14%), Ravencoin (-11%), Bitcoin Gold (-10%) and Celer Network (-10%).