MOONSHOT PORTFOLIO - MAY 2022

MOONSHOT PORTFOLIO – MAY 2022

May’s Crypto Moonshot Portfolio

A diversified portfolio of potential crypto moonshots

The crypto market is down a whopping 28% in the last month. The bear market is far from over! However whilst the market was down our portfolio was up by 47%. Yes, that was a surprise to us also. However it goes to show the power of the portfolio.

Whilst everyone of our selections were down our star performer, Digital Fitness, was up a massive 733%. However we are not resting on our laurels. We were guilty of holding onto STRONG for far too long, a project we knew was a little too good to be true. But as the saying goes, you only need one or two winners to make phenomenal returns. That is exactly what we are seeing here as many of the long shot projects languish at the bottom of the pool.

What are we excited about?

Some say there is not much to be excited about. But we disagree. There continues to be value in our portfolio as demonstrated by the recent massive increase in token price of fitness app DEFIT. There are bound to be other hidden gems within our portfolio. Many of the portfolio sits at close to 90% off their ATHs and thus represent a decent buying opportunity on price weakness. Let’s be frank, no one knows when this bear market is going to end but that is precisely why you should buy your favorite tokens in small increments as the price continues to fall, circumstances and risk tolerance dependent.

State of play

We exited two tokens from our portfolio, Energy Ledger and Rarible. Energy Ledger suffered an exploit which decimated the price and arguably its prospects. Rarible is operating in a highly competitive market place which is only going to intensify. That and its high valuation compared to its competitors makes its token a sell.

We also exited 90% of our holding in Digital Fitness. We are following our own motto, ‘Take profits!’

The portfolio was up 46.8% for the month and up 236% since inception in February 2021. This was all down to the outstanding performance of DEFIT.

This month’s only winner was:

DEFIT+733%

The months worst performers were:

Energy Ledger -100%
STRONG -83%
Lunch Money -72%
Rarible -53%

Overall performance

Now let’s look at the overall performance of our portfolio:

This month’s developments

Strong

Despite Strong seeing its network of nodes grow to 540,000, a 24% increase in the last 60 days, the value of its token has plummeted. The sustainability of its model is a major question mark over the project. We are still kicking ourselves for not selling when the price was around $1,200, now it languishes at $19. We are holders at this level but definitely not buyers.

Lunch Money

The business review platform still hasn’t launched V2 of its platform however we have decided to keep it as the valuation is so low. We are not buyers only holders.

Listen to our podcast Inside Track here where the co-founder of Lunch Money talks about his project, the gig economy and why Lunch Money is the way forward in the future of review sites.

Rentible

Rentible finally launched the beta version of its platform. Constant delays means they no longer have this market to themselves with other projects building similar platforms. Rentible is talking about building a market for virtual land owners to be able to rent out their NFTs, an interesting market but where competition is also heating up, We are not buyers of Rentible only holders.

CertiK

CertiK suffers from the same problems many high profile crypto projects suffer. Utility. Much of the income earned by CertiK goes to the company behind it rather than token holders. CertiK is a strong brand in the crypto space which makes it good value for now.

Yield App

Yield App is a quality platform with over $500 million in managed assets and 78,000 investors. With the market cap 85% below its ATH this is a long term hold and is one to consider buying on weakness.

Bistroo

Before the market correction Bistroo’s market cap stubbornly sat at $20 million. It is now down to $2.7 million after an exploit of its staking smart contract. Bistroo in our opinion represents a great buying opportunity especially now the price has come down significantly from its ATH, sitting 90% below this level.

Catchy

Catchy has been busy developing its offering to its growing user base. It started with a very valuable multi chain wallet tracker and has since launched a Whale bot and Sniper bot. With its market cap languishing under $200,000 this project continues to be massively undervalued in our opinion.

Sylo

Sylo announced it was looking to make its platform the communication foundation of the metaverse. To that extent it has formed a number of partnerships to achieve this objective. Only a month ago the fully diluted market cap was at a juicy $60 million, that figure now stands at $34 million, 75% off its ATH. Now might be a good time to buy on weakness. We increased the risk score from 5 to 7.

Kryll

This is another quality project that looks undervalued with the recent sell off. With a fully diluted market cap of $36 million, 84% off its ATH, and with strong trading volumes that have surpassed some $3.5 billion this is a project worth accumulating on weakness.

Opacity

The blockchain data storage space is going to take off. The question is when and who will be the winners. File Coin will undoubtedly be one winner. Opacity is one of the smaller players in the market with a working product. With a market value of only $14 million it is well worth holding.

Uno Re

The DeFi insurance platform continues to grow albeit from a low base. Its fully diluted market cap is a juicy $50 million with only $2.5 million of TVL. However they are in this for the long haul continuing to introduce new products including its recent insurance cover for Terra’s stable coin UST.

Digital Fitness

One of the original move-to-earn players DEFIT was our biggest winner this month. With attention focused on STEPN (GMT) investors were looking for other players in this exciting space and stumbled upon DEFIT. We sold 90% of our holding at 0.25.

Moonshot Portfolio May 2022

Catchy

Overview

Multi chain wallet tracker.

Description

Catchy is focused on making crypto tracking simple and accessible. The project has already developed the first multichain Telegram wallet tracker. Holders of the token will eventually have access to premium features in all of their crypto tracking tools.

The team’s vision extends beyond what is currently offered. They intend to expand Catchy Wallet Bot’s utility to include more appealing visual designs, intuitive analytics, and other chains.

Click here to view Catchy White Paper

Team

Catchy recently revealed its founder to the crypto community. An experienced tech entrepreneur who has lofty ambitions for this project.

Our Opinion

Risk Score: 9

Target Price: $0.047

Maximum Supply: 104 million

What we like about Catchy’s tracker is that it is simple to download and provides real time values covering both Ethereum and Binance Smart Chain wallets. Once you start using it you can’t stop, hence the name.

Their next product in development is something called a sniper bot. This allows you to add the contract address of the token you are interested in and then receive instant notifications as soon as that token starts trading on platforms like Pancakeswap.

Catchy launched its tracker wallet in mid October and has already amassed over one thousand users. It is in the process of negotiating partnerships which will allow them to further expand their user base.

This is a rare opportunity to get in early in a project that promises to be widely used by the crypto community.

Sylo

Overview

Decentralized data exchange. Operator of the SYLO smart wallet, which has over 250,000 users.

Description

The Sylo Protocol provides confidential communication as a utility to the Sylo Confidential Communication App. The protocol acts as the confidential networking layer for the Sylo App, creating P2P connections and providing a way for users to interact and exchange data confidentially.

The Sylo Protocol is being developed to provide fully decentralized confidential communication as a utility to all connected-apps within the Sylo ecosystem. Powered by blockchain and combined with other decentralized technologies, this Protocol will act as the networking layer for the Sylo DApp and 3rd-party connected-apps, while providing charging options for specific communications and services over the network.

The fully decentralized Sylo DApp will be the 1st application built on the blockchain-based Sylo Protocol, using technology already commercialized in the Sylo App that’s currently used by thousands globally, available on Apple Store and Google Play Store.

Sylo is a decentralized communication and data exchange network powered by a layer 2 micropayments infrastructure and the SYLO token. User-run Service Peers provide infrastructure to the network which allows developers and businesses to run privacy-first, unstoppable apps without deploying any infrastructure of their own. A staking architecture and unique probabilistic ticketing solution ensure minimal transaction fees and limitless scalability. This scalability is already on show within the project’s flagship app, the Sylo Smart Wallet; a decentralized, private messenger and crypto wallet with over a quarter-million users.

Click hereto view Sylo White Paper

Team

The team appears to combine a broad range of talents, skills, and experience which should provide any investor with confidence in this project. This is Sylo’s description of their core team: ‘…combines a deep background in computer science, development, and user experience with the real-world business experience of entrepreneurs, designers, and world-leading technologists. Both in experience and attitude, the strength of Sylo is in its people.’

Our Opinion

Risk Score: 7

Target Price: $0.02

Maximum Supply: 10B

The team has already demonstrated it is a force to be reckoned having developed and launched its smart wallet which has over a quarter-million users. It also has a decent-sized community following it. We have ranked the coin a 5 in terms of risk as the team has already achieved a level of success however the potential has not been fully recognized in the price.

Kryll

Overview

Kryll is your first intuitive platform to define powerful crypto trading strategies.

Description

Kryll is your first intuitive platform to define powerful crypto trading strategies through a simple drag n drop editor. Create automated winning strategies, benchmark them, share with the community, and enjoy user-generated content.

Kryll is the ultimate platform for cryptocurrency traders looking to use the most advanced trading tools and strategies, as well as benefit from the community’s hive-mind to get the best returns within cryptocurrency markets.

The platform provides intuitive ways to create your own trading strategies that can be set to execute automatically. Through a What You See Is What You Trade™ interface, you can design trading strategies making use of the industry’s most powerful tools and safely test them with backtesting and sandboxing.

Once your tools prove their worth, you can set them to live-trade on your behalf, taking the right positions at the right time, as if you were following the markets 24/7.

On Kryll you can also rent out your very own winning strategies to help fellow traders be more successful. You will be rewarded with passive income for sharing your strategies.

Click here to view Kryll White Paper

Team

An accomplished team with a proven track record of success in both tech and entrepreneurial flair. Check out the full team here.

Our Opinion

Risk Score: 6

Target Price: $0.73

Maximum Supply: 49M

We believe that Kryll has a unique business model which continues to gain traction. We especially like the novel touch, where traders can rent out their own strategies to help fellow traders be more successful. This allows traders to be rewarded with passive income for sharing their strategies on something that could scale quickly. The most significant risk is its sensitivity to market volatility particularly in a downturn in market sentiment.

Yield App

Overview

YLD, a licensed and regulated FinTech company, offers a mobile app and web platform designed to provide the easiest way to invest in DeFi using crypto or traditional currencies.

Description

YLD’s intuitive app and web platform enable users around the world to earn high returns from DeFi products without having to go through a lengthy, complex, and often costly learning process. Operating under a banking license, YLD offers an insured investment fund managed by a team with years of experience in FinTech and cybersecurity. At the core of its strategy is the YLD token, which rewards community members and allows them to boost their APY.

Click here to view Yield App White Paper

Team

Both an experienced and accomplished project team benefiting from a team of quality advisors. See the full team here

Our Opinion

Risk Score: 3

Target Price: $1.50

Maximum Supply: 300M

When you compare YLD to other similar platforms in the DeFi space it appears grossly undervalued. YLD’s platform is regulated and is aimed at the unsophisticated user, which could make this an attractive bet on the eventual mass adoption of DeFi. YLD is a good choice for any portfolio.