Top 10 Cryptos for December

Over the past month Bitcoin has maintained steady growth into the lead up of the ETF, 11%+. Notable gainers for November: ETH up 16%+, LINK 37%+, OP 24%+, STACKS 30%+, OCEAN 26%+, & AGIX is up 40%!

If you speak to ANY traditional investment firm and ask them what they think of an 11% return in a month, they would probably say something along the lines of ‘You’ve shot the lights out on that trade, I’d be happy with that in a year’.

I really do think it is important to approach crypto with a balanced perspective. Can you achieve ridiculous returns in this market like no other, absolutely, myself and the clients of CCI have been proving this over the last 7+ years. I will say to not have outsized expectations in an early stage up-turning market and really celebrate a solid win like this along the journey. Will you miss out on some cryptos that have gone up 100% in the last month, of course. You can’t expect to capture every trade out there, and if you are, please let me know, I’ll hire you today. Don’t be overly critical and unrealistic with yourself, rather, celebrate the growth and progression as this is a better place to attract results from.

I mentioned in last months edition that BTC should be the main focus of your portfolio and whilst we didn’t get the ETF approval in the 8 day window in November, top Bloomberg ETF analysts still have it pinned as 90% probability by the start of January, making BTC one of the best risk:reward plays in the crypto space. Having foresight here, if we get another ETF deferral in January, it may cause uncertainty and an expected price pullback. A denial would be catastrophic….

In last month’s Top 10 Portfolio edition I also mentioned about being open to increasing your Ethereum position as we were aware of ETF rumours of filings which came from BlackRock, boosting Eths price up 16% in November.  At this stage it is still likely that BTC will be approved before Ethereum’s ETF’s due to how far down the track they are. There is a 240 day window that the SEC has to make a decision and as it stands they are waiting on further information on some applications, such as VanEck’s who filed as early as January 2023. Another SEC delay strategy… The main concerns of the SEC being how ETF applicants plan to mitigate risk of manipulation and fraud…. A very difficult question to answer and provide information on.

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Our current portfolio of Cryptocurrencies was chosen for technical outlook, narrative capture and market sentiment.

*Please refer to the Technical Terms Glossary at the end of this section for an explanation of technical terms.

All prices below are current at the time of writing - $US
Date of completion 29/11/2023

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