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Planting Coins: Sixth Report

Management Summary 

  • After a great start into 2023, our Crypto Garden portfolio is currently at 120.4 points. 
  • In March, we observe a strong rise in Bitcoin dominance and at the same time a period of weakness in the Altcoins. 
  • This development could mean that we have seen the lows for this cycle and are at the beginning of a new uptrend.  

What is the crypto investing series?  

This blog post is the seventh report since the initiation of our crypto portfolio Planting Coins. Read more about our crypto portfolio framework here. Don't forget to sign up for our newsletter to get the next reporting straight in your mailbox!  


The rise of Bitcoin dominance 

The portfolio was launched on November 2, 2022 at 7 p.m. CET, just before the events surrounding the FTX crypto exchange. The data of this report is as per April 4, 2023 at 8am CET. 


Figure 1: Sideways trend in March 

The portfolio performance continued to move sideways in March. This may seem surprising at first glance, as Bitcoin continued to gain momentum and rose to USD 28’000. At the same time, however, the various altcoins clearly underperformed, resulting in a slightly negative return of 6%. This is exemplified by the increase in Bitcoin dominance, i.e. the share of Bitcoin market capitalization in the total market from 43% to 47%.  


Figure 2: Bitcoin outperforms all other assets

If we compare the contribution of the various coins, Bitcoin has dominated since the portfolio was launched, whereas Near Protocol and Atom Cosmos have lost considerable momentum. Solana, Mina, and Polygon Matic contributed to the performance of the overall portfolio.  


Figure 3: Increasing staking rewards due to illiquid staking… 

Kraken now also offers illiquid staking for some coins, which on the one hand increases the rewards, but on the other hand makes any rebalancing more difficult, as the coins cannot be traded immediately. In the context of this project, we have decided to block Polkadot, Solana, Atom Cosmos, and Polygon Matic in exchange for higher rewards. 


Figure 4:  …contributing already 2.6% of performance to the portfolio 

The return achieved through staking now amounts to over 2.6% portfolio performance.  


Disclaimer: This piece of information is for marketing and entertainment purposes only and should not be taken as an investment recommendation or financial advice. Remember that all investments involve risk. Please read our full Marketing Disclaimer here.

Planting coins: 04/2024

Planting coins: 04/2024

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