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OPINIONS
An update to my crypto portfolio for January 2024.
Tan Choong Hwee
Edited 04 Feb 2024
Investor/Trader at Home
This Opinion post first appeared in my blog here:
https://pwlcm.wordpress.com/2024/02/04/crypto-investment-update-january-2024/
This is a performance update to my crypto portfolio posted here:
https://pwlcm.wordpress.com/2024/01/01/crypto-investment-update-december-2023/
Disclaimer: This post is just for educational sharing purposes. Please do your own due diligence on any products mentioned in this post.
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Into 2024, Tokenize Exchange continued to credit the LUNA 2.0 airdrop on 9 January 2024 as scheduled.
Here are the charts of the 4 crypto coins in my portfolio as of end January 2024:
In January 2024, the crypto market retraced from the previous upwards movement. BTC, ETH and SOL retraced to test their Ichimoku Clouds and managed to hold the fort although there were a Bearish Twist at the right side of the chart.
The approval of several spot bitcoin ETP announced by US SEC on 10 January 2024 didn't seem to boost the BTC price further, a classic case of buy on rumor sell on news. With the upcoming bitcoin halving in April 2024, the undercurrent is still there to support the upwards momentum.
Even with the retracement, my crypto portfolio managed to clock in a higher return as of 31 January 2024:
Both BTC and TKX continued to improve in terms of performance since inception, whereas ETH and SOL remained in the red, but stabilizing. The crypto portfolio allocation increased slightly from 6.09% to 6.22%.
A fairly decent start in the year of the dragon!
Tokenize Exchange:
https://tokenize.exchange/topic/invited/?invite_code=Vn58M
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Tan Choong Hwee
Edited 04 Feb 2024
Investor/Trader at Home
Blogger, Investor
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