June’s Crypto Moonshot Portfolio
We analyze and rate twenty undervalued cryptocurrencies with moonshot potential
A lot can happen in a month in crypto. Since May 2020 when the bull run commenced, although some say the bull run started some 12 years ago, asset prices have been driven to unrealistically high levels by the insatiable demand for everything crypto. Growing numbers of participants have been chasing after the latest IDO or memecoin with little regard to the quality of these ‘assets’.
Projects have been coming to the market in record numbers mainly driven by Binance Smart Chain’s low gas fees making it cheap to establish a cryptocurrency many of which have identical structures. In reality it was never sustainable for the market to continue to value startup projects with no users or revenues at those astronomical prices. Some level of correction was inevitable. And in our opinion there is still some way to go before projects with zero fundamentals and ultra aggressive tokenomics are brought back down to earth.
That is why it is crucial that investors should focus on projects with a functioning platform, a growing user base and a clear niche. These projects are not however immune from the unforgiving, indiscriminate market but in the medium term they stand a better chance of shining. These are the types of projects that we have been trying to select as part of our portfolio.
A good way of assessing an asset’s growth potential is the discount to its all time high (ATH). Let’s look at some of the projects within our portfolio and see which offer the best value based on this one metric.