Crypto Investment Update – July 2024

This Opinion post first appeared in my blog here: https://pwlcm.wordpress.com/2024/08/09/crypto-investment-update-july-2024/

This is a performance update to my crypto portfolio posted here:
https://pwlcm.wordpress.com/2024/07/01/crypto-investment-update-june-2024/

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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LUNA 2.0 Airdrop Update – July 2024

Just checked and realized that Tokenize Exchange didn't credit the LUNA 2.0 airdrop in June and July 2024.

With reference to the airdrop schedule outlined in my blog post:
https://pwlcm.wordpress.com/2022/05/27/crypto-investment-update-tokenize-exchange-on-luna-2-0-airdrop/

So far I have received the initial 30% airdrop, and the remaining 70% is supposed to be vested over 2 years after a 6-month cliff. I received 6 months worth of airdrops in May 2023, and subsequently received monthly airdrops since June 2023 till May 2024, i.e. 12 months worth of monthly airdrops.

It is missing 6 months worth of airdrops as of today. I had sent them an email for follow up.

Performance Update

Here are the charts of the 4 crypto coins in my portfolio up till 8 August 2024:

As we can see from the charts, BTC/ETH/SOL were bouncing between their respective slight downwards channels. In Technical Analysis, this looks like a Bull Flag chart pattern. If the coins can break out from the upper side of the channel, the bullish movement since late 2023 can potentially continue.

Both BTC/ETH were testing the lower side of their channels. Let's continue to monitor if the support can hold the fort. SOL looks more promising as it has bounced back to the middle of the channel, and was crossing the Ichimoku Cloud.

My crypto portfolio performance as of 31 July 2024:

Not considering the downwards movement in early August 2024, my crypto portfolio allocation actually went up to above 7% while return and XIRR went down slightly in July 2024.

Referral Links

Tokenize Exchange:
https://tokenize.exchange/topic/invited/?invite_code=Vn58M