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Digital Assets Weekly: March 6th, 2020

Mar 6, 2020 • 8 Min Read
Author
David Grider
David Grider

Summary

Market Analysis:

  • Crypto markets rebounded modestly this week and remain the best performing asset class YTD.

Portfolio Strategy:

  • Crypto Emerging Markets are influenced by broader financial conditions but its idiosyncratic drivers and macro market cycle mater most long term.

Winners & Losers

  • Winner: Tron's founder Justin Sun who executed a hostel takeover of Steem's decentralized social media network.
  • Loser: Bitmex after the FCA issued a notice that the firm has been operating in the U.K. without permission.

Weekly Rant:

  • Ripple CEO saying Proof of Work (PoW) is a 'Massive Waste' of Energy makes me cringe.

Financing Activity:

  • Arweave raised $8.3M for its permanent internet content storage service.
  • AlphaPoint raised $5.6M for its crypto infrastructure business.

Recent Research:

Market Analysis

Bitcoin rose modestly by 4.5% on the week, partially recovering last week’s losses and bringing its year to date return to 27.6%. Stocks and other risk assets sque...

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AVAX 15.07% BNB 6.27% BONK -0.72% BTC -0.04% CORE N/A% ETH 0.87% HNT 6.55% JTO 7.49% MKR -1.12% RAY -1.70% SOL 0.12% STX -9.61% XRP 9.99% BITW +5.22% BTBT +11.28% CLSK +16.24% COIN +2.85% CORZ HIVE +2.5% HOOD +4.56% HUT +10.73% IREN MARA +9.39% MSTR +7.81% RIOT +4.59% SMLR -4.18% WULF
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AVAX 15.07% BNB 6.27% BONK -0.72% BTC -0.04% CORE N/A% ETH 0.87% HNT 6.55% JTO 7.49% MKR -1.12% RAY -1.70% SOL 0.12% STX -9.61% XRP 9.99% BITW +5.22% BTBT +11.28% CLSK +16.24% COIN +2.85% CORZ HIVE +2.5% HOOD +4.56% HUT +10.73% IREN MARA +9.39% MSTR +7.81% RIOT +4.59% SMLR -4.18% WULF
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AVAX 15.07% BNB 6.27% BONK -0.72% BTC -0.04% CORE N/A% ETH 0.87% HNT 6.55% JTO 7.49% MKR -1.12% RAY -1.70% SOL 0.12% STX -9.61% XRP 9.99% BITW +5.22% BTBT +11.28% CLSK +16.24% COIN +2.85% CORZ HIVE +2.5% HOOD +4.56% HUT +10.73% IREN MARA +9.39% MSTR +7.81% RIOT +4.59% SMLR -4.18% WULF
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AVAX 15.07% BNB 6.27% BONK -0.72% BTC -0.04% CORE N/A% ETH 0.87% HNT 6.55% JTO 7.49% MKR -1.12% RAY -1.70% SOL 0.12% STX -9.61% XRP 9.99% BITW +5.22% BTBT +11.28% CLSK +16.24% COIN +2.85% CORZ HIVE +2.5% HOOD +4.56% HUT +10.73% IREN MARA +9.39% MSTR +7.81% RIOT +4.59% SMLR -4.18% WULF

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