Crypto Investment Update – October 2022

This Opinion post first appeared in my blog here: https://pwlcm.wordpress.com/2022/11/02/crypto-investment-update-october-2022/

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

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

Tokenize Exchange Update

There is still no news of any PoW ETH fork. I decided to stake my Ethereum holdings, now with a reduced APR of 5%.

Performance Update

Overall crypto market seemed to be stabilized in October 2022 after the UST Depeg Saga in May 2022:

ETH was attempting to break above Ichimoku Cloud in October, and looks promising to raise above the cloud soon. If it succeeds in breaking out, the next resistance level is 1800.

Support levels for BTC and SOL (20000 and 28 respectively) had held up pretty well after the big drop in June. BTC had entered the cloud and SOL is testing the cloud from below. Lets wait to see when they can break above the cloud.

LUNA2 continued to stay in the doldrums and would probably stay that way for a long while.

Here is the performance update as of 31 October 2022:

Due to TKX continuing its rally, overall allocation of the crypto portfolio had almost doubled to 6.92%. The return and XIRR since inception had returned to positive territory. And ETH had reduced its loss to sub 40%.

Referral Links

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