Crypto Investment Update – October 2024

This Opinion post first appeared in my blog here: https://pwlcm.wordpress.com/2024/11/08/crypto-investment-update-october-2024/

This is a performance update to my crypto portfolio posted here:
https://pwlcm.wordpress.com/2024/10/03/crypto-investment-update-september-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 – October 2024

Tokenize Exchange continued crediting the October airdrop on 9 October 2024. Only left with 1 more airdrop in November 2024 to complete the 2-year vesting.

Performance Update

I was out of town early this month and didn't have time to follow the crypto market. By the time I returned to Singapore on 5 November 2024, the US Presidential Election would take place the next day. Expected that this significant event would impact the crypto market movement, I waited till now to publish this update.

Here are the charts of the 4 crypto coins in my portfolio as of 7 November 2024:

As you can see from the charts, BTC had broken the upper boundary of its Bull Flag, and went ahead to break its All-Time-High (ATH) level. The other coin that broke its Bull Flag is SOL, but not as strong as BTC. ETH is still inside its Bull Flag, but looks set to test the upper boundary.

As for my crypto portfolio performance, I would still give an update of the portfolio value based on 31 October 2024, postponing the Election Effect on the portfolio to be reported in the November 2024 performance update:

ETH went south to the negative territory in October 2024, whereas overall performance of all the coins had improved. With the Election Effect, I'm expecting further improvement in November 2024 performance.

BTW, after BTC hit its ATH in March 2024, I set up a Sell Limit Order just above the ATH level. The sell order was triggered yesterday (7 November 2024), and about 1/4 of my BTC holdings was liquidated.

Referral Links

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