Pilot.
Anton here, lead research analyst at SIMETRI and a long-time crypto researcher. I hope you had a terrific week so far because I have news to make it even better…
You spoke and we listened. Starting this week, every Friday we will be sending out regular updates on SIMETRI’s Pick of the Month performance.
We’ll also be providing clearer buy and sell signals. Now, you’ll know exactly when we’re taking profits or doubling-down on a coin.
Beyond signals, we’re also going to compile the most important updates about our Picks. These are upgrades, market events, and news that has a material impact on prices.
As always, the SIMETRI research team strives to deliver the best insider information on high-potential blockchain projects. Whenever possible, we want to share 10x opportunities unique to crypto. If there’s anything we can do better please don’t hesitate to let us know!
Now onto our performance…
Crypto Market Overview: Bitcoin Charges Ahead
In aggregate, our 17 Picks yielded 469% returns (not including the free bonus pick released to members today).
Overall, the crypto market has enjoyed continued bullish momentum with Bitcoin breaching $16,000—highs not seen since late 2017. The previous DeFi trend has been overshadowed by optimism about Bitcoin, which has gained over 5% this week and over 43% this month.
Despite cooling excitement about DeFi, when BTC prices jump it tends to bring more liquidity and interest into the entire cryptocurrency market. Eventually, this liquidity tends to slosh back into altcoins.
And, if history is any guide, when big money moves out of Bitcoin it can do so explosively, resulting in eye-popping altcoin gains. In other words, “alt season.” For now, however, Bitcoin will continue to outperform major altcoins like Polkadot, Chainlink, Binance Coin, and XRP.
Bitcoin vs. altcoins market caps (USD). Source: CoinGecko.
Meanwhile, the macroeconomic setup is favorable for Bitcoin with institutional activity growing rapidly. Technical analysis suggests further growth to the $19,500 to $20,000 levels with $17,000 to 17,200 as upcoming resistance levels.
Even though massive gains haven’t been forthcoming to altcoins, if the trend continues then it’s likely that liquidity will begin to enter altcoins should Bitcoin’s ascent pull in Mainstreet investors.
On-chain activity on Ethereum dropped since the summer and the total value locked (TVL) in DeFi protocols has gone sideways.
Ethereum transactions count. Source: Etherscan.
ETH locked in DeFi. Source: DeFi Pulse.
Still, when the market showed strength, DeFi tokens rebounded sharply, pointing to the salient potential of decentralized finance.
DeFi index perpetual futures on FTX. Source: CoinGecko.
SIMETRI’s PoM Performance: Easily Beating the Market
The SIMETRI Pick of the Month portfolio return is 469% and continues to vastly outperform the market. Out of 17 picks, 10 have provided positive returns.
Pick of the Month ROI performance against Bitcoin and altcoins. To view live data, click on this link.
