The market is red, we believe this is temporary. Yes, inflation is higher than expected but by how much? Yes, there is geopolitical tension between Iran and Israel, but we also have been having tension in Ukraine, right? Since when?
Despite the correction, our portfolio is still performing well, up 2x+ from $ 1k initial investment to $ 2.176k, by consistently maintaining a balanced composition combining large cap and low cap coins with strong fundamentals.
It still far from our 100k target and first 10k milestone, but we'll see. This is an experiment to see how long our strategy could achieve this without risking too much by degening in some speculative assets.
no luck with $ARKM. Even though we staked early, $ 300 worth of BNB was not enough to get a sizable allocation for the token sale. We only managed to purchase 6 ARKM each for 0.00020576 BNB (worth around 30 cents in total 😄). Later we converted that balance to $FXS on Binance and sent it back to our wallet which we still hold until now.
In addition to the Debank portfolio screenshot provided above, here is our other wallet address which currently stores our BCH: qz6fgu5z4tszw9pqhvuy2dg8n7awuldl55xhkneq8m. This wallet is different and not integrated with the wallet at the address 0x8ab368032f65179A30440e3d04fB2F886dB3cFa3, as shown in the portfolio screenshot above.
Today we added $QUICK token of Quickswap, the leading DEX on Polygon ecosystem into our portfolio by converting 0.025 ETH (worth around $ 56 at the time of the transaction) on Polygon zkEVM network. QUICK profile (valuation, product quality, brand awareness) making it a reasonable and strategic choice especially as more traders onboarded to web3 looking to get exposure on perps.
Our portfolio is currently worth around $ 1429. Its only up 40% from our initial capital, but it is more than double from our yearly low. Our model and thesis were not immune to market corrections, but they are well-positioned for a rapid recovery. #journeyto100k
We did use 28 of our USDC from FTM conversion to double down on $BANANA (transaction hash: 0x9cba0c9ec286e45624995488ae4c0f72f7b1fa663e4b6a7bd8c0afdf8d10582f) on November 16th after we posted the previous post. We converted the remaining 90 USDC on Nov. 30, to $HOLD (Holdstation), an account abstraction wallet project on Zksync Era with a solid working product and a growing adoption. We are still strongly bullish on both token despite the 100%+ price increase recently and decided to keep holding them. #journeyto100k
Decided to convert our FTM to USDC, plan is to use it to double down on BANANA #journeyto100k
The impact of the Multichain bridge hack (or was it a rug pull?) was more significant than we initially anticipated. This is particularly notable considering the growing active user base of Fantom (between 8 to 22 July) and the confidence displayed by upcoming projects in Fantom's technology. We missed an opportunity to secure a profit of over 12% on 14 July. Now, three weeks after our purchase date, we've decided to hold out for the potential reversal to $0.31. If a bullish pattern is confirmed at a broader market level, we might hold further, anticipating a stronger sentiment toward FTM. This expectation is spurred on by the planned upgrade to the Fantom Virtual Machine & Storage, set to commence by the end of this year.
Just purchased more $BANANA (0x9763c5301d9af33c258c38ad4d4713a090d0ce2fe8f2aad7a6fbb122530e4c1a) at a discount. We did this because we consider the Genkai launch to have been a successful event that affirmed CyberKongz's enduring presence and highlighted some of the most remarkable community members within the space. #journeyto100k
We've made an exciting addition to our portfolio, 0x3db62a3fe22adad39adb815423486cd4a3d3edfa815e1d29c99dcc45d711c954 – $BANANA, the dynamic utility token of CyberKongz! This project is currently in the throes of development and, with its eyes set on the metaverse, we believe it's poised to meet the evolving demands of the market. We're fully behind their vision and are eager to witness their progress toward creating a more immersive metaverse experience. #journeyto100k
Yesterday, with palpable excitement, we converted our remaining USDC ($303) into BNB, looking forward to participating in the impending ARKM token sale. Arkham Intel is not just any project, but a unique endeavor with a robust product that we're confident will resonate strongly in the market. Its innovative character makes it nearly impossible to duplicate. Moreover, the current price of BNB still presents significant value, further validating our decision. Here's to our exhilarating #JourneyTo100k!