In this report:
- Week in Review - Est. +6 million BTC lost forever (good news for BTC holders)
- Top 100 Gainers (7-days): ConFlux (CFX) +25% (7d)
- Small Cap Gainers (30-days): Block Commerce Protocol (BCP) +811% (30d)
- Monthly Altcoin Pick: The latest Altcoin Pick has just been released!
What Happened This Week?
The top crypto stories this week:
- SBF accused of bribing Chinese officials: FTX co-founder Sam Bankman allegedly ordered a $40 million payment to a private account to bribe Chinese government officials.
- Estimated +6M BTC Lost Forever: According to Timothy Peterson, an investment advisor at Cane Island Alternative Advisors, over 31% of the current BTC circulation supply is lost forever - this is good news for those who still hold their BTC.
- EU Vote in Favor of Payment Limits Anon Crypto Wallets: Lawmakers in the European Parliament have voted in favor of imposing limits on payments by unverified (anonymous) crypto users, as part of a large-scale overhaul of money laundering laws.
Crypto Market at a Glance:
Bitcoin & Ethereum Price Movement
Bitcoin has decreased 2.49% in the last week, currently trading at $28,352 (90-day high of $29,159). In the last 90 days, Bitcoin has increased by 72.3%.
Ethereum has decreased 3.54% in the last week, currently trading at $1,817 (90-day high of $1,853). In the last 90 days, Ethereum has increased by 52.1%.
Global cryptocurrency market capitalization continues to hover above the trillion dollar mark, sitting at $1.180T.
Digital Asset Newsletter
If you are interested in learning about investing in digital assets, consider checking out Richard Patey's free newsletter where he breaks down some of the most interesting digital asset news stories and opportunities, from content sites, newsletters, NFTs and more.
Top 100 Gainers - Last 7 Days
Over the last 7 days, the biggest gainers (within the top 100):
ISO 20022 Cryptos are Pumping
It should be noted that two of the top biggest gainers this week, Stellar & Hedera are both considered to be ISO 20022 crypto coins.
Over the last 90 days, we have also seen a 38% increase in the price of XRP, and in the last 30 days a 41% increase in XDC, both of which are ISO 20022 compliant.
The ISO 20022 standard went live by Swift on March 20th and it's likely we will continue to see many of these ISO 20022 compliant cryptocurrencies continue to perform well over the long term.
Conflux (CFX) +25.1% - Ranked #48
Conflux (CFX) is a public layer-1 blockchain made to power decentralized applications (dApps), e-commerce, and Web 3.0 infrastructure by being more scalable, decentralized, and secure than existing protocols.
Conflux makes it easier to transfer valuable assets by making the process quick, effective, free of network congestion, and with low transaction costs. The platform is based on the Tree-Graph consensus mechanism, and it combines Proof-of-Work (PoW) and Proof-of-Stake (PoS) algorithms to achieve consensus. The protocol uses Turing-complete smart contracts written in Solidity, just like those on Ethereum, and is compatible with the EVM (Ethereum Virtual Machine).
Conflux's growth is fueled by CFX, the platform's native token, which gives users financial incentives to participate and engage more. The token is used to pay transaction fees, govern the network, and is given as compensation to miners who help secure the network via staking.
Ankr (ANKR) +21.4% - Ranked #100
Ankr is a decentralized blockchain infrastructure provider that operates an array of nodes globally distributed across over 50 Proof-of-Stake networks. This infrastructure helps drive the growth of the crypto economy while powering a full suite of multi-chain tools for Web3 users:
Ankr Build Ankr provides comprehensive blockchain developer solutions, including traditional APIs, a decentralized multi-chain network of public RPC nodes used to access blockchain data and execute code, and tools like Ankr Scan to view on-chain information across blockchains.
Stellar (XLM) +18.2% - Ranked #24
Stellar (XLM) is a peer-to-peer (P2P) decentralized network with the purpose of connecting the world's financial systems and ensuring a protocol for payment providers and financial institutions.
The platform is designed to move financial resources swiftly and reliably at a minimal cost. Stellar links people, banks, and payment processors and allows users to create, send and trade multiple types of crypto.
Hedera (HBAR) +16.8% - Ranked #30
Hedera is the most used, sustainable, enterprise-grade public network for the decentralized economy that allows individuals and businesses to create powerful decentralized applications (DApps).
It is designed to be a fairer, more efficient system that eliminates some of the limitations that older blockchain-based platforms face — such as slow performance and instability.
HBAR is the fuel that powers Hedera services, such as smart contracts, file storage, and regular transactions. Second, it's used to help secure the network, since HBAR users can stake their tokens to assist with maintaining the integrity of the platform.
Do You Own a Hardware Wallet?
If you own crypto, you need a hardware wallet. Period. Hardware wallets (also known as cold storage devices) are the best devices to keep your crypto investments safe and under your personal custody.
Ledger supports more cryptocurrencies than any other wallet on the market. This means if you have a portfolio with a bunch of exotic altcoins (especially small-caps), then Ledger is the best wallet to keep your portfolio secure.
Store +1,000 Cryptos in a Single Wallet.
Biggest Small Cap Gainers in the last 30 days
Every week we review and analyze low-market-cap cryptos looking for the next low-cap gem and every month we research the cryptocurrency marketplace for the next successful cryptocurrency project and announce it to our subscribers as our Monthly Altcoin Pick.
The best-performing cryptocurrency projects fall within the nano & micro-cap projects.
Best Performing Small Cap projects (30 days):
- BCP +811% - Social Media Content Platform (Nano-Cap)
- VBG +261% - Web3.0 personal homepage (Micro-Cap)
- EKTA +403% - Real Estate on the Blockchain (Nano-Cap)
- KAS +181% - Fastest layer-1 in the world (Small-Cap)
Monthly Altcoin Pick:
Our Altcoin pick for March was released yesterday and we are expecting to see it 10x-50x within the year. If you would like access to this and prior Altcoin Picks, please consider becoming a member.
Our Altcoin Picks for the prior months can be found here.
If you would like to support this publication and have access to member benefits, such as our monthly Altcoin Pick, signup here.
Thanks and appreciation to all our members!
Until the next report,