After a good shake-up in January, the grueling growth of the crypto market continued in February. This month onexchanges Kraken and Huobi have listed interestinga project from the creators of the legendary DeFi game CryptoKitties, aimed at further development of this area (so-called NFT tokens) - #FLOW. I decided to reduce the share of Bitcoin in my portfolio to 40% of the initial investment, investing the freed-up funds in this startup:
I do not plan to further reduce the share of bitcoin in the portfolio. Equity continues to grow steadily, following the general market dynamics:
(Profitability of the public crypto portfolio August 2020-February 2021</em>.)
Dominance of bitcoin capitalization overthe remaining cryptocurrencies and tokens continue to fall steadily. I expect this indicator to decrease to 30% already this summer. At this moment, it seems rational to fix positions in altcoins / tokens and switch to the first cryptocurrency. We look forward to the development of the situation in the coming months:
(The dominance of bitcoin capitalization over other cryptocurrencies continues to fall steadily.)
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my blog/Yandex-zen/telegram
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Read this:
Crypto Portfolio Report - December (my LPI)
Crypto Portfolio Report - January
Crypto-portfolio report - Nov.
Report: on-chain activity of bitcoin increased by 21% in May
Bitcoin, Ethereum, Altcoins - Cryptocurrency Overview - February
Report: trading volumes are falling, but bitcoin volatility is growing