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Crypto Performance Reports, 2021

Updated: 5 days ago

Hi Investor!


It's been an interesting time in the crypto markets. The crypto performance reports available below will address industry trends, provide the month's performance that is listed, give a general outlook with a special highlight of the coins listed below. For a definition of each coin and what it does scroll past the reports towards the end of the article.

  • Bitcoin

  • Ethereum

  • Dogecoin

  • Cardano

  • Polka Dot

  • Uniswap


Reports

August


August saw the rebound of cryptocurrencies with Bitcoin hitting $50K and Ethereum driving to a record $4k+ in September. Click the link below for more detail on the dramatic August rise of Crypto and popular coins you should have on your watchlist!

https://kraken.docsend.com/view/q32wv4r574vbrsuk

Kraken Intelligence's August 2021 Market Recap & Outlook Report
.pdf
Download PDF • 7.85MB

JULY


July saw Cryptocurrency begin it's bounceback. Bitcoin hit $41,000 and Ehereum hit $2600 resettting support and resistance levels, which are risky to apply with this volatile asset. This report covers crypto's listed above, performance, and future outlook. Provided by the Kraken team!

https://kraken.docsend.com/view/pdn5gfvqjd2c3in8

Kraken Intelligence's July 2021 Market Recap & Outlook Report
.pdf
Download PDF • 14.42MB

JUNE


June recorded cryptos stabilizing across support levels. While not as volatile as May, this month continued to see cryptos trade in a lower range. We are seeing Bitcoin around the $30000 support level, while Etherum has been holding the $2000 level. This report covers the market performance of these digital currencies in general, along with a special outlook and performance of the specific coins listed above:


June 2021 Market Recap & Outlook Report
.pdf
Download PDF • 8.97MB

MAY


May was a volatile month for cryptos with many of them breaking their support levels. This report covers the market performance of these digital currencies in general, along with a special outlook and performance of the specific coins listed above:

Kraken Intelligence's May 2021 Market Re
.
Download • 9.13MB

Crypto Risks

The risks of trading cryptocurrencies are mainly related to its volatility. They are high-risk and speculative, and it is important that you understand the risks before you start trading.


  • They are volatile: unexpected changes in market sentiment can lead to sharp and sudden moves in price.


  • They are unregulated: cryptocurrencies are currently unregulated by both governments and central banks. However, recently they have started to attract more attention. For example, there are questions about whether to classify them as a commodity or a virtual currency


  • They are susceptible to error and hacking: there is no perfect way to prevent technical glitches, human error or hacking.


  • They can be affected by forks or discontinuation: cryptocurrency trading carries additional risks such as hard forks or discontinuation. You should familiarise yourself with these risks before trading these products. When a hard fork occurs, there may be substantial price volatility around the event, and we may suspend trading throughout if we do not have reliable prices from the underlying market.





Rising Popularity
  • As investors become more interested in cryptocurrencies, financial advisors are feeling a new urgency to offer the investments to clients.


  • A Financial Planning Association and the Journal of Financial Planning survey found about 49% of advisors said clients have asked about cryptocurrencies in the past six months, up from 17% in 2020.


  • 26% of advisors plan to increase how much they use and recommend cryptocurrencies in the next 12 months, compared to 14% who do so now, according to the survey.

For more info check out this CNBC Article on Crypto's Trending Popularity



Definitions

Bitcoin

Bitcoin, often described as a cryptocurrency, a virtual currency or a digital currency - is a type of money that is completely virtual, meaning you cannot physically hold it.

It's like an online version of cash. You can use it to buy products and services, but not many shops accept Bitcoin yet and some countries have banned it altogether.

A handful of retailers accept Bitcoin ranging from, Baskin Robbins, Famous Footwear, Nordstrom's, Lowe's, Office Depot, Petco, and Ulta Beauty just to name a few.


Bitcoin is a cryptocurrency that is not controlled by a single organization. Instead, it is run by a network of computers situated around the world. It enables users to make payments to each other without the high fees charged by some banks. This is more of a "free" or "open" market system. In contrast to the Federal Reserve Bank or Government that prints and is responsible for instilling trust, circulation, and additional creation of the dollar.


Satoshi Nakamoto was the anonymous inventor of bitcoin. He wanted to create a digital cash system that removed middlemen from the transaction process, speeding up transactions and making them cheaper.


Ethereum

Ethereum is a blockchain-based software platform that is primarily used to support the world's second-largest cryptocurrency by market capitalization after Bitcoin. Like other cryptocurrencies, Ethereum can be used for sending and receiving value globally and without a third party watching or stepping in unexpectedly.


Dogecoin

Dogecoin has the internet abuzz. Elon Musk, Mark Cuban and even beef jerky brand Slim Jim have gotten in on it.

The cryptocurrency that started out as a parody less than a decade ago has been on a wild ride this year as individual investors have piled in. Dogecoin, which traded at less than 1 cent to start the year, briefly jumped as high as 74 cents last month, according to CoinDesk, leading up to the “Saturday Night Live” hosting debut of Mr. Musk, the billionaire chief executive of electric-vehicle maker Tesla Inc., on May 8.


At its peak, that gave the cryptocurrency a year-to-date gain of more than 15,000%, according to closing figures from CoinDesk, more than quadruple the gains on the S&P 500, including dividends, since 1988.


Cardano

Charles Hoskinson, the co-founder of Ethereum, began the development of Cardano in 2015 and launched the platform in 2017. Cardano has positioned itself as an alternative to Ethereum. Both platforms are used for similar applications, such as smart contracts, and have goals of building a connected and decentralized system. Cardano considers itself as an updated version of Ethereum and has anointed itself a third-generation platform over Ethereum’s second-generation credentials. The blockchain platform also has a goal of providing banking services to the world’s unbanked.


Polka Dot

Polkadot is a sharded heterogeneous multi-chain architecture which enables external networks as well as customized layer one "parachains" to communicate, creating an interconnected internet of blockchains.[1] The cryptocurrency uses an environmentally-friendly proof of stake consensus algorithm.[2]


The protocol was created by the Ethereum co-founder Gavin Wood and is developed by the Web3 Foundation with the initial implementation by Parity Technologies.[citation needed]

In June 2021, Coinbase added Polkadot to its cryptocurrency trading platform.[3][unreliable source?]


Polkadot's first token sale closed on October 27, 2017 raising a total of 485,331 ET


Uniswap

Uniswap is a completely different type of exchange that‘s fully decentralized – meaning it isn’t owned and operated by a single entity – and uses a relatively new type of trading model called an automated liquidity protocol


The Uniswap platform was built in 2018 on top of the Ethereum blockchain, the world’s second-largest cryptocurrency project by market capitalization, which makes it compatible with all ERC-20 tokens and infrastructure such as wallet services like MetaMask and MyEtherWallet.


Uniswap is also completely open source, which means anyone can copy the code to create their own decentralized exchanges. It even allows users to list tokens on the exchange for free. Normal centralized exchanges are profit-driven and charge very high fees to list new coins, so this alone is a notable difference. Because Uniswap is a decentralized exchange (DEX), it also means users maintain control of their funds at all times as opposed to a centralized exchange that requires traders to give up control of their private keys so that orders can be logged on an internal database rather than be executed on a blockchain, which is more time consuming and expensive. By retaining control of private keys, it eliminates the risk of losing assets if the exchange is ever hacked. According to the latest figures, Uniswap is currently the fourth-largest decentralized finance (DeFi) platform and has over $3 billion worth of crypto assets locked away on its protocol.