Crypto Investment Update – June 2022

This Opinion post first appeared in my blog here: https://pwlcm.wordpress.com/2022/07/02/crypto-investment-update-june-2022/

This is a performance update to my crypto portfolio posted here:
https://seedly.sg/opinions/crypto-investment-update-may-2022/

Disclaimer: This post is just for educational sharing purposes. Please do your own due diligence on any products mentioned in this post.

Performance Update

Crypto market continued to drop in June 2022 following the UST Depeg Saga in May, so are the 4 coins in my portfolio:

My LUNA holdings in Tokenize Exchange had been renamed to LUNC, but had yet to receive the first batch of LUNA 2.0 airdrop after Tokenize Exchange announced some details on their support of this airdrop. Hence, my LUNA value stayed flat at $0 in June 2022.

For the other 3 coins, their Ichimoku Clouds are still overhanging above, but they are dropping closer to current prices, and their thickness are reducing towards the right hand side. The resistance zones are getting lower and thinner, the current bearish movement seems to have stabilized, and may recover upwards when prices break above the clouds.

Here is the performance update as of end June 2022:

The allocation of my crypto portfolio had dropped to just below 2% of my overall investment portfolio. I would continue to hold the current portfolio, waiting for LUNA 2.0 airdrop to materialize, and continue to accumulate the coins slowly by staking through Tokenize Exchange’s Crypto Earn program.

I mentioned slowly above because Tokenize Exchange had announced yield reduction of their Crypto Earn program starting 4 July 2022:

My existing Crypto Earn deposits would continue to earn the current rates, but some of them would be returned to my wallet as they had crossed the 12-month mark from the date of staking. I would probably stake them again at lower yield upon returning to my wallet.

Referral Links

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