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- The Summit Post #35
Hello everyone!
Welcome to edition #35 of The Summit Post, my free newsletter focusing on crypto market updates and investments.
Today we’ll have a look at:
Bitcoin (BTC)
TOTAL 2
The 10k Portfolio
QUBIC
PEPE
Let’s dive into it!
Marco Johanning
Disclaimer: The information provided in this newsletter is for educational and informational purposes only. It does not constitute financial advice, investment recommendations, or any form of endorsement.
Always conduct your own research and consider consulting with a qualified financial advisor before making any investment decisions.
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Bitcoin
Bitcoin closed weekly above the key resistance of 42k.
Maybe it will fill the CME-gap and imbalance and retest the 38.5k s/r-level, but a close below this level is currently completely unimaginable for me.
As said multiple times now, I think we will see a pump into christmas, new year and ETF decision.
TOTAL2
Altcoins closed the week above the key resistance as well, indicating that the accumulation phase is transitioning into the markup phase. This is a significant moment.
Of course, the best buying opportunity would have been at the bottom a year ago. But even now, at the possible end of the accumulation phase, it is a good time to buy.
Because dollar-cost averaging into a strong project during the pump is a safer strategy compared to dca into a downturn (risk of catching the knife).
The 10k Portfolio
While Bitcoin had to give up some ground after yesterday's weekly close, and most altcoins also experienced significant losses, our portfolio from last week is clearly in the positive.
Primarily responsible for this is QUBIC, but SPACE and RIO have also performed well. Only Kaspa has declined, which was expected since I did not wait for the range low for this portfolio and created this portfolio at $0.139.
This also emphasizes once again how important the strategy of dollar-cost averaging (DCA) is to bring down the average buy price.
QUBIC
Qubic is gaining more attention, and rumors about its first listing on a reputable CEX are circulating. Additionally, there are upcoming IPOs that will result in significant token burnings.
Qubic seems to have exited the accumulation phase, while the market tanked, and I am very pleased to have bought in earlier. I expect Qubic to pump further before entering another accumulation phase, but at an overall higher level.
PEPE
With a market capitalization of 600 million, the meme coin of this cycle certainly has a lot of potential.
For comparison, Dogecoin reached 90 billion, and Shiba Inu went over 40 billion in the last all-time high. Since market caps in the next run will likely be larger rather than smaller, a 100x is indeed within the realm of possibility.
The advantage of meme coins is that their success depends solely on hype, not on adoption. There is no product that needs to function and be accepted, nor is there a risk of failure.
The meme coin hype resurfaces consistently, that's for sure. So, for anyone looking to complement their portfolio, taking a closer look at PEPE might be worthwhile. 0.000012 is a good area to dca in.
Thank you for reading and have a great day!
Marco
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