Triaconta Weekly #238

The following topics will be addressed in this weekly:

  • Bundle performance
  • Winners & Losers
  • Market overview

This is the last newsletter of 2022. We will be back on January 6, 2023 to help you navigate the confusing world of crypto and trade safely. Our store will, of course, remain open as usual. The Triaconta team wishes everyone happy holidays and a good health.

Bundle performance
The economy will grow slightly slower in 2023, but the Netherlands is still expected to grow 1.5%. The only prediction we venture is that more crypto will be in the news in the coming year and even more people worldwide will use and/or own crypto. We as crypto investors are still only a very small part of the overall financial market. Clear regulations with attention to the special features of decentralization and blockchain can greatly accelerate adoption in the coming years.

Big3:
1 Month: -2.33% | 7D: -0.87% | 24H: 0.70%

Top30:
1 Month: -7.72% | 7D: -6.59% | 24H: 0.76%

Penny:
1 Month: -15.12% | 7D: -8.42% | 24H: 0.94%

DeFi:
1 Month: -7.48% | 7D: -5.31% | 24H: 0.87%

Winners & Losers
Only a couple of gainers in the smaller altcoins this week. Lisk (+8%) and Aelf (+3%). Ethereum (+1%) quotes about the same and the rest of the market went down in this second to last week of the year. Ren (-29%) was funded by the now bankrupt Alameda (FTX group) and is thus without a sponsor. Filecoin (-23%) is near its all-time lowest price ever. The introduction of special NFT storage in partnership with marketplace OpenSea is yielding little due to the dip in trading over there. New acquisition Chiliz (-18%) is sinking after the World Cup and is now technically oversold. Hopefully the platform can benefit from the announcement of as many as 16 new fantokens.

Tron surprisingly has the best full-year price performance, losing only a quarter of its market value in 2022. This project has managed to stay positively in the news and grow substantially in the troubled DeFi sector with JustLend. Also, like Bitcoin in El Salvador, Tron became legal tender in Dominica, a small independent island state in the Caribbean Sea. In the past year, the number of users of Tron and Tron tokens grew above 100 million.

Market overview
Dogecoin dropped after a remarkable Twitter poll by Elon Musk asking if he should resign as CEO of Twitter and promising to follow through with consequences. With 17.5 million votes, the result (57.5% yes, resign vs. 42.5% no, stay) is a good impression of the sentiment about his chaotic leadership of Twitter culminating in the (temporary) suspension of journalists who had reported critically about him. Indeed, he has since announced his departure as top executive as soon as he has found someone “crazy enough” to take over. Dogecoin’s fate on Twitter has been closely linked to the man who founded today’s Paypal in 2000.

Hogeschool Utrecht will partner with Kalipo DAO built on the Lisk (LSK) platform. Kalipo brings decentralization and blockchain to project management and fund management and is one of the carefully selected projects funded by the Lisk foundation.

Yuga Labs, the Web3 startup behind Bored Ape Yacht Club, announced Monday that former Activision Blizzard (ATVI) president Daniel Alegre will become the company’s new CEO. Activision Blizzard is the major gaming company behind titles such as Call of Duty and World of Warcraft. Alegre’s vast experience should help move the Otherside metaverse of the brand forward and indicates in any case that 2023 will see very serious work on ambitions for an “immersive Web3 world” necessary for positive price development the APE coins.

With MoneyGram Online, anyone in Brazil can now send money to family and friends around the world in near real-time. There are no transaction fees for consumers. MoneyGram makes this possible through fintech company Frente Corretora, one of Ripple’s partners in Brazil that uses the XRP blockchain for fast and cheap international money transfers. MoneyGram was once a major investor in the Ripple solution itself but pulled out when the SEC sued the company in December 2020 for violating securities laws. A lawsuit that is nearing its end and is set to conclude by or before March 31, 2023.