Top 10 Cryptos for October

Last week I was fortunate enough to be invited to speak at the Philippines Blockchain Week and I wanted to share some of my main takeaways from the event.

It started with a bang! Fashion designer, Michael Cinco, put on an event that many will not forget… one of the world’s first metaverse fashion galas. It’s amazing to see pioneers taking risks to integrate web3 into traditional business and events. I can say it was a massive success and the 1,000+ audience members and media were blown away by the spectacle!

Michael took it to the next level, collaborating with NFT creators to mint JLo, Nicky Minaj and other famous actresses one off, handmade dresses onto the blockchain for auction at the event! No… I wasn’t drunk enough to buy one!

There was another business that had one off Christian Dior handbags that were valued at $32k USD! They fractionalised the ownership with NFT’s which they were selling off at 0.6ETH. The question I posed was ‘do they appreciate in value’. They said they have gone up 100% in the last 12 months…. I’m in the wrong business! To me that is speculative as it’s only when someone actually purchases one of the bags at auction is the profit realised… Good luck selling a $32kUSD handbag in a recession is what I say!

Here I am looking sunburnt and shiny on stage sharing my thoughts on blockchain and the future of cryptocurrency. What I will say is there was a really impressive turnout from government officials. From the head of education through to investment, as well as the first lady and of course, the President of Blockchain Philippines and FinTechTV anchor, Donald Lim…. Even Miss Universe turned up to have her say on blockchain!

I spoke alongside other international crypto ‘stars’ such as Travis Wright from Bad Crypto, Jason Brink from Gala Games, Co-Founder of Yield Guild Games, Irene Umar as well as some Aussie’s such as Mark Monfort from Aus Defi Association and a professor from RMIT’s blockchain division. They all shared their own interesting versions of where they see the future of the space, of course it was very positive.

Other takeaways from the event:

• Emerging economies such as the Philippines, parts of South America and Estonia have seen the West’s ‘slow to move’ stance with crypto and blockchain and decided to capitalise on this, putting themselves on the map. There is a clear opportunity for them at hand and they are being driven by a challenging economic environment to pivot. One thing that I know from my world travels is that many residents of developing countries have moved overseas to generate a greater income than they can locally, often sending money back home to their families and are getting charged an extortionate rate for this. An incredible use case for crypto…international remittance.

• AI tech was the talk of the town and there’s many big things to come. So don’t write it off because of the recent price pullback. It will have its time to shine again.
  There was a range of AI speakers talking on security, analytics and research. This is a hypergrowth space that is not slowing down and many investment opportunities will arise.

• One thing that I have noticed is that there is an ongoing underlying current of separation with blockchain from crypto. The word crypto seems to have been banished from blockchain specific events… My view is people need further education on this as the only current real world use case of blockchain is crypto… I know once the market pops again out of this bear cycle, crypto will be on the headline of every blockchain event again!

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 28/09/2023

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