Crush Crypto Core July 2018 Report - Crush Crypto

Crush Crypto Core July 2018 Report

At the end of July 2018, the price of Crush Crypto Core (CCC) was $1.527, representing an increase of 2.6% from the previous month.

CCC is a digital asset array on the ICONOMI platform. Starting with a $100,000 seed capital in October 2017, CCC had assets under management of $1.5 million as of July 31, 2018.

General Observations

In July, Bitcoin showed that it is the king. Bitcoin dominance increased from 43% in the beginning of the month to 48% by the end, while altcoins were mostly flat or down.

In a prolonged bear market, investors tend to exhibit a flight to quality tendency whereby they move their holdings to bigger coins which are perceived to be safer.

We believe that the market is close to bottoming out, as most new issues broke ICO price right away and many projects struggling to reach hard cap.

This is actually a healthy development for the market because frankly, projects do not need tens of millions to develop their products. Exchanges should not charge millions to be listed.

When ICOs keep on struggling, a new equilibrium will form where projects will not raise as much. The upside potential will be far greater because successful projects still have the potential to reach 9 or 10 figure in market cap over time.

For example, NEO (formerly Antshares) raised $4 million in 2016; Iota raised $434,000 in 2015. The small raise allowed token holders to achieve impressive returns over the years. In a market where every project raises tens of millions, similar returns would be close to impossible to achieve.

Performance Breakdown

CCC rose by 2.6% during July 2018. In general, the returns for different coins didn’t show a high correlation.

Coins

Bigger coins outperformed smaller ones. This is typical during a bear market as investors exhibit flight to quality tendency.

3 coins generated positive returns (Stellar +44%, Bitcoin +21%, and Bitcoin Cash +4%) while the other coins declined in value, ranging from aelf (-1%) to Wanchain (-37%).

Tokens

The tokens in the CCC portfolio generally outperformed most tokens during July. The worst performing ones were FunFair and Loom Network (-3%) while the best performing one, 0x Project, rose by 36%.

ZRX and BAT performed well partly because Coinbase announced that they are considering to list the two tokens on its platform. BNB performs well during a bear market so it is a good token to hold right now.

Rebalancing

After performing a major rebalancing in early June, we have not done any further rebalancing. Our 3 core holdings (Bitcoin, Ether, and Monero), which comprised of 37.5% of the portfolio, generally have a solid return during a bear market.

Video Summary

* The information contained in this article is for education purpose only and not financial advice. Do your own research before making any investment decisions.

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