Triaconta Weekly #237

The following topics will be addressed in this weekly:

  • Bundle performance
  • Winners & Losers
  • What is Chiliz ?

Bundle performance
Favorable inflation figures especially push market leader Bitcoin relatively higher. Bitcoin dominance rises above 41%. Both the U.S. and European and UK banks decided on a slower rise in interest rates namely 0.5% instead of 0.75%. Interest rates on savings accounts remain lamentably low at 0.25% while one pays over 4% for a mortgage just as easily. There were no risers in the Top 30, ThorChain in DeFi and Tron in Penny Stock. The private market is cautious and wait-and-see while large investors are still slowly expanding their positions with the Top 3 being Bitcoin, Ethereum and XRP.

Big3:
1 Month: -2.34% | 7D: -4.70% | 24H: -4.75%

Top30:
1 Month: -9.37% | 7D: -9.89% | 24H: -5.34%

Penny:
1 Month: -7.74% | 7D: -9.78% | 24H: -5.24%

DeFi:
1 Month: -8.73% | 7D: -9.44% | 24H: -6.90%

Winners & Losers
Digibyte (+17%) rises due to news of a collaboration between Shell and DigiCorp Labs in an application built on the Digibyte blockchain. Qtum (+7%) allowed you to win NFTs on a major crypto exchange around the World Cup quarterfinals. Defi platform Flamingo runs on NEO (+3%) and is also coming soon with a FUSD stablecoin. It remains difficult to maintain a reliable stablecoin so finds Waves (-19%) whose stablecoin USDN is only fetching $0.55. Flow (-16%) drops below $1 due to disappointing NFT trading on its specialized platform. Doge (-15%) falls for a second week in a row and has lost its monthly gains again.

What is Chiliz ?

Recently added to the Top 30 Bundle is the proprietary token of the Socios fan engagement platform. Fans buy specific fan tokens to support their club and for the associated extra interaction opportunities in merchandise or VIP experiences. The first Dutch club with its own fan token has been Fortuna Sittard since June 2021. This allowed fans to have a say in the design of the players’ bus. At Juventus you could use fan tokens to determine the music after a goal. It is an innovative way to get fans worldwide more involved with a club.

Chiliz for investors
One of the main reasons investors choose Chiliz is to be less dependent on the ups and downs of the crypto market. With the typical long-term attachment of loyal fans to teams, players or entertainers, there is a stable foundation under the price. The choice of almost all major clubs for fan tokens on this platform is also an important reason. Fan tokens can only be purchased for previously purchased Chiliz tokens. It is expected that more and more clubs will join and existing participants will do more with the interaction opportunities. This will ensure continued growth in the demand for fan tokens and the corresponding demand for Chiliz. Due to the growing awareness of the Chiliz token, there is naturally also heavy speculation and the price can temporarily be very volatile around major sporting events such as the World Cup. This occasionally gives the long-term investor great buying opportunities.

Bizar ?!
Crypto is ultimately here for everyone, including the biggest skeptics. Donald Trump launched his own NFT collection on Polygon (MATIC) this week. Many people hoped at the former president’s “big announcement” that, for example, his running mate for the 2024 election would be announced. Trump’s NFT collection with, for example, pictures of him as a Superhero came as a total surprise. Loyal fans ensured that the collection of 45,000 cards is now completely sold out.