What’s happening in crypto lately? And what does it mean for Titan Crypto?
Hey Titans, Gritt here.
It’s been an interesting few weeks for the crypto markets, and we’re continuing to see mixed signals across the board. In Titan Crypto, we’re maintaining our defensive stance, with the majority of the portfolio allocated to BTC and cash.
We will continue to monitor the activity of whales, institutional inflows, and trading activity on exchanges and NFT platforms to dictate when we should be adding risk—in other words, deploying our cash reserve into higher growth altcoins and reducing our BTC position.
We have a long list of altcoins we’re excited to invest in soon, and I am excited to share more when we’ve made trades.
What’s the latest on your Titan Crypto holdings?
Historically, BTC has performed well two weeks after a rate hike, but our on-chain analysis continues to show that recent buyers are smaller in size. This implies that smart money believes there’s more room to the downside in the near-term.
Meanwhile, BTC has gained attention in the media as a potential safe haven from sanctions, which further solidifies our thesis that decentralization is key to a store of value.
TLDR: There are bullish and bearish indicators for BTC right now, so we’ll sit tight…for now.
TLDR: The ETH network should get cheaper, faster, and cleaner once this merge fully goes live. Assuming the Merge accomplishes its goal of limiting supply and increasing activity on the Ethereum network, this further solidifies our bullish take on ETH's long-term value.
TLDR: The Avalanche team continues to invest in real-world use cases that are gaining traction.
TLDR: Terra is gaining adoption from institutional investors due to the reliability of its stablecoin. LUNA is up 300%+ over the last year, but as the adoption of stablecoins continues to grow, we believe there is even more room for LUNA’s upside.
TLDR: Solana showed its vulnerability to hackers once again and its dependence on outside investors to the ecosystem as a whole.
In the near future, one will be able to earn passive income by staking their LINK. The act of staking, or earning yield by locking up your holdings to secure the network, has surged in importance for crypto projects, and this could be a nice tailwind for LINK through the end of 2022.
TLDR: Polygon's wide product stack and action packed roadmap has truly evolved Polygon from being just a standalone sidechain into a much more significant role within the Ethereum ecosystem.
Not too much to report on Sushiswap or Polygon, but let us know if you have any questions on those holdings and we’ll follow up.
Gritt Trakulhoon, Titan Crypto Analyst
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