Triaconta Weekly #181
The following topics will be addressed in this weekly.
- Bundle performance
- Winners and losers
- Market overview
Excellent gains this week and a good recovery from last week. On Friday some profit taking in a few coins, but all bundles are positive this week with solid growth for DeFi.
Revision update: Celer Network was added to the Penny stock bundle in the previous revision and has increased by 200% 300% since then.
1 Month: +1.04% | 7D: +4.13% | 24H: -1.45%
1 Month: +18.75% | 7D: +8.39% | 24H: -2.27%
1 Month: +27.40% | 7D : 16.44% | 24H: -1.23%
1 Month: +20.98% | 7D: +18.14% | 24H: -5.02%
Winners and Losers
Topping this week of course Celer Network (+82%) followed by Hedera Hashgraph (+36%), Avalanche (+32%), Cosmos (+25%) and Tron (+21%). A hefty profit taking on Solana (-23%) and also declines for IOST (-10%), QuarkChain (-10%), Terra (-8%) and IOTA (-6%). However, please note that all these coins still have very positive monthly returns.
Golden Cross for Bitcoin (BTC). The line of the 50-day moving average moved up through the line of the 200-day moving average three days ago. This technical analysis phenomenon is called a golden cross and predicts rates of $100,000 and above per Bitcoin in November/December.
Ethereum (ETH) co-founder Vitalik Buterin has been named one of the world’s top innovators in Time Magazine’s 2021 “100 Most Influential People List.” Others listed for 2021 include President of El Salvador Nayib Bukele, who made Bitcoin legal tender in his country, and Elon Musk, the CEO of Tesla and SpaceX, who as we know is also a cryptocurrency enthusiast.
Fake news! On Monday, a very official-looking press release appeared in which major US department store Walmart announced a partnership with Litecoin (LTC). The price shot up nearly 50% for an hour until Walmart declared the message to be false.
The Indian Institute of Technology Madras (IITM) has joined the Hedera Hashgraph (HBAR) council for decentralized governance. IIT Madras is one of the top institutes of technical education in India, which falls under the direct jurisdiction of the Indian Ministry of Education. As a member of the Hedera Governing Council, IITM has become one of 39 global organizations managing nodes for governing the Hedera blockchain.
If you are still relatively new and in full development, additional financing is always welcome. The Avalanche (AVAX) price breaks out and soared to a new all-time high of $58 this week on news of a $230 million investment by venture capitalists. The Avalanche Foundation will use the funds to support and accelerate rapid growth of decentralized finance (DeFi), business applications and other use cases on Avalanche’s public blockchain. For example, by giving subsidies to promising projects.