C.R.E.A.M. #29 - Altcoins at resistance - Portfolio update!
Dear Lizards,
After the impressive year-end rally of 2023 for both altcoins and Bitcoin, the subsequent month of January witnessed a period of consolidation, particularly noticeable in the correction of several altcoins. However, amidst this, Ethereum surged above the $3000 mark, and Bitcoin breached the $50,000 threshold, signaling the commencement of the pre-halving rally. With the halving now a mere 55 days away, we enter a phase characterized by heightened volatility, where price fluctuations are expected to occur in both directions.
In this issue, we delve into an analysis of our altcoin portfolio, which has exhibited substantial gains, with our top performer boasting a peak profit of 213% since its coverage. The upcoming sections will provide concise and comprehensive chart updates on our 11 altcoins, offering insights into our outlook amidst the evolving market dynamics.
Yours Stockmoney Lizards