Cryptocurrency Heard for the Month: 1 October 2022

Indeed, September has been a rough month for Capital Markets, in general, and it was no different for Cryptocurrencies. However, it was also a good opportunity to take advantage of the market volatility to buy and/or accumulate investment ideas with good fundamentals, such as

Tether (USDT), XRP (XRP), Dogecoin (DOGE), OMG Network (OMG), and Helium (HNT). The last two were suggested in the last article, and they are down 5.94%, from -14.46%, August 30. Overall the new positions we suggested to add to the portfolio, for the month of September are down 2.38%, beating Dow Jones Index: -7.25%; S&P 500: -7.95%; Nasdaq 100: -9.02%.

 Suggested Crypto currency  Portfolio Review

The following were our suggested entry price for:

 Solana (SOL):  $27.50

Avalanche (AVAX):   $15.00

VeChain (VET):   0.023

Cardano (ADA):  $0.50

Ethereum (ETH):  $1,007

Bitcoin (BTC):  $20,600

Binance Token (BNB):  $207

Litecoin (LTC):  $50.50

Tether (USDT):  $1.00

XRP (XRP):  $0.37

Dogecoin (DOGE):  $0.076

OMG Network (OMG):  $1.86

Helium (HNT):  $5.53

Solana (SOL) Current Price:  $34.20 UP 24.36%

Avalanche (AVAX)  Current Price:  $17.49 UP 66.6%

VeChain (VET) Current Price:  $0.023 UP 0.00%

Cardano (ADA) Current Price:  $0.44 DOWN  12.00%

Ethereum (ETH) Current Price:  $ 1,338.82 UP 32.95%

Bitcoin (BTC) Current Price:  $ 19,545,66 DOWN  5.12%

Binance Token (BNB) Current Price:  $286.11 UP 38.22%

Litecoin (LTC) Current Price:  $53.87 UP 6.67%

Tether (USDT) Current Price:  $1.00 UP 0.00%

XRP (XRP) Current Price:  $0.49 DOWN  32.43%

Dodge Coin (DOGE) Current Price:  $0.061 DOWN  19.74%

 OMG Network (OMG):  $1.75 DOWN  5.91%

 Helium (HNT):  $5.20 DOWN  5.97%

As of September 29, 2022, our main portfolio are up 10.4%, from 11.49%, September 15. The overall portfolio, including new recent suggested crypto positions is averaging -0.91%. Still, it has consistently been beating all the capital market indexes.

For the Month of October, we recommend to prepare ahead for major events happening in November, such as the FED and ECB meetings, as well as the World Cup coming up, November 20.  The FIFA president predicts 5 billion people will watch the tournament later this year, as he pronounced whilst speaking at the World Economic Forum, in May 2022 via Reuters.

Chiliz (CHZ) is The world’s leading blockchain fintech provider for sports & entertainment, hence, we believe it may be the right opportunity to add it to the portfolio.

 For October, our favorite Cryptos are BNB (BNB), XRP (XRP), Bitcoin (BTC), and the new suggested idea, Chiliz (CHZ),

1. BNB (BNB)

Last trade:  $286.11

Market cap: $46.3 billion

BNB (BNB) is a cryptocurrency . BNB has a current supply of 165,116,760.89. It is currently trading on 770 active market(s) with $2,028,728,366.89 traded over the last 24 hours. More information can be found at https://www.binance.com/.

2. XRP (XRP)

Last trade:  $0.49

Market cap: $24.5 Billion

XRP (XRP) is a cryptocurrency . XRP has a current supply of 99,989,656,524 with 48,121,609,012 in circulation. It is currently trading on 702 active market(s) with $3,039,371,357.86 traded over the last 24 hours. More information can be found at https://xrpl.org/.

3.  Bitcoin (BTC)

Last trade:  $19.545.66

Market cap: $374 Billion

Bitcoin (BTC) is a cryptocurrency . Users are able to generate BTC through the process of mining. Bitcoin has a current supply of 18,997,031. It is currently trading on 9282 active market(s) with $35,204,522,704.87 traded over the last 24 hours. More information can be found at https://bitcoin.org/.

 

4.  Chiliz (CHZ)

Last trade:  $0.24

Market cap: $1.4 Billion

About Chiliz (CHZ)

Chiliz is a currency option for blockchain-backed products & services geared towards mainstream consumers. It offers fan engagement in entertainment, alternative payment solutions for conventional products, and more. Chiliz provides sports & entertainment entities with blockchain-based tools to help them engage & monetize their audiences.

 

Investment Diversification

Before investing in any financial vehicle, please note diversification is key to any good investment strategy, and this holds true, when you are investing in cryptocurrency. Do not put all your money in Bitcoin, for example, just because that is the name you know or most hear on the street. There are thousands of options, and it is better to spread your investment across several currencies. Hopefully, the following articles in the subject will help you make better investment decision choices, when investing in Cryptocurrencies.

 

 

 

Disclosures: The cryptocurrency market is highly volatile, so be prepared for ups and downs. Investors may experience dramatic swings in prices. Investors, who do not have high risk tolerance, cryptocurrency might not be a wise choice of investment. Cryptocurrency is all the rage right now, but investors should remember, it is still in its relative infancy and is considered highly speculative. Investing in something new comes with challenges. Investors, who plan to invest in Cryptocurrency should do their own research, and invest according to their risk tolerance.

 

October 4, 2022Tags: Asset Management, Automated Trading, bitcoin, Cryptocurrency, mam, Money Management, Multi Account Management, PAMM