Early October 2022 Crypto Boost
SwissOne Capital
SwissOne Capital is a niche asset manager with a focus on institutional grade crypto and blockchain investment funds.
It has all gone quiet in the Crypto Ecosystem. Gone are the hyped notions of BTC hitting $1m while?the doomsayers lose impotence as the market rests around -75% from its all time highs. We are not hearing aggressive echoes of political crackdowns of the asset class. We don't see any signs of ridiculous pumps and dumps every other day. Nobody is boasting rags to riches stories. From outside the cave, it would appear that crypto has gone into full hibernation mode.
If there is anything we have learnt over the past 10 years being involved in the Crypto?industry, quite the opposite is happening deep in the back of the crypto?cave. We have witnessed a massive metaphoric?cleaning out the closet. Protocols with poor governance have been quashed and the longer the silence continues the more valueless and unimportant protocols will fall by the way side. Only the useful, secure, cost-effective and scalable will survive.?
The bridge from Tradfi to DeFi and Web2.0 to Web3.0 grows?stronger each day thanks to projects like XChain (Coin Focus Below) which recently made its debut?entry into our Top 50 Crypto Index. Reinforcements have arrived in the form of the successful Ethereum Merge. The Big Dig of the crypto industry?continues unaltered solidifying the scaffolding sent out before us. The industry as a whole is getting ready to be ready. The next time the flood gates open there will be no room for doubt.?
As we sit here in the darkness and still of the night, a knowing and a trust built up within the industry over the years, rekindles excitement of a new dawn that awaits those that have grown weary of inflation, diminished purchasing power, low wage growth and suffocating debt servicing. The alternative in the form of DeFi and Web 3.0 is inclusive, benevolent, transparent and efficient. While we expect further patience will be required as we meander through difficult macro realities, on the other side of the bridge awaits huge potential and opportunity.?
Bitcoin Technical Outlook: The downward trend that began in mid-August remains intact and would a require breakout above $21k to change that course in the short term. The 28-day RSI is currently close to?resistance levels which means the market is nearing overbought levels. This?is in line with the downward trend resistance levels. The long and the short of it is that the next few months are going to be tough if we do not see a breakout in the short term. Perhaps the last wag of the bear tail to come. If the $17.5k level can be tested and held over the months to come we could well call this the bottom, however, it is likely the global macro picture will have the final say.
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Why SwissOne Capital?
SwissOne offers seamless access in to the Crypto Asset ecosystem via traditional market channels. Offering the Top 50?Crypto Assets momentum-weighted,?SwissOne brings you direct and sensible exposure to this uncorrelated and high growth asset class. Operating with institutional-grade?European financial service providers, there is a safe and secure passage from traditional markets into Crypto Assets.
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TOP RESEARCH &?ARTICLES
Coindesk:?Middle East/North Africa Was Fastest-Growing Crypto Market Over Past 12 Months: Chainalysis
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COIN FOCUS - XChain?(XCN?- $0.07;?ATH - $0.18)
WHY
In the modern financial system, assets such as currencies, securities, and derivatives are typically held and traded electronically.?Transferring assets often requires point-to-point interaction between multiple intermediaries and the reconciliation of duplicated ledgers.?Many of these problems could be addressed if asset ownership were recorded on a single shared ledger. However, such a shared ledger would tend to require trust in a single party and?would need to have the technical capacity to process every transaction in real-time.
The current legacy systems used by financial institutions today are just not there, however, financial institutions and?services providers who want to upgrade their legacy architecture with blockchain technology cannot assume the risks associated with public networks.
Permissioned blockchains strike a balance between the benefits and security concerns around blockchain. A permissioned blockchain mitigates public blockchains' data privacy and security challenges by restricting participation in the blockchain to approved parties.?
Chain addresses the needs of the permissioned blockchain space by giving companies the tools they need to deploy a private ledger with seamless development using Sequence.
WHAT
Chain Token (XCN) is the governance and utility token for the Chain Protocol designed to vote on protocol improvements and various community-driven programs through the Chain DAO. XCN is also utilized for node deployment, discounts, premium access, and a payment method for fees on Chain Cloud and Sequence.
Chain Token has a fixed max supply 53,470,523,779 XCN units and there is no minting functionality to ever inflate or increase this supply.
The Chain Decentralized Autonomous Organization (“DAO”) controls the entire Chain Protocol. XCN token holders control the permissionless network through on-chain proposals and governance. XCN token holders also maintain the Chain DAO Treasury.
HOW
Chain Cloud is a decentralized and distributed infrastructure protocol designed for developers to access blockchain networks on-demand. In addition, clients can utilize various services within Chain Cloud to meet their blockchain and web3 product needs.
Sequence lets modern software teams focus on shipping and scaling their product instead of building and maintaining ledger infrastructure. It does this by combining the convenience of a SaaS model with the security of cryptographic transaction signing. It?makes it easy to build, operate, and scale forward-thinking software products that need a secure and extensible system of record or smart contract application at their core.
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