What an insane few weeks it’s been in crypto markets. Elon Musk’s waffling on bitcoin has really shaken up the crypto markets. And now we’ve got a government “crackdown” on crypto developing — though that’s not as bad as it sounds.
Let’s look at a few Crypto Asset Strategies portfolio coins. A couple of our favorite older projects — which didn’t have initial coin offerings (ICOs) — are doing particularly well.
Nano (NANO) continues to do well. It’s currently trading around $7.82, up nearly 10x over the last year. Nano’s low environmental impact is driving a lot of the price action, and I think this coin could have a lot more room to run.
Decred (DCR) is also up about 10x year-over-year. At the time of this writing, it’s currently trading around $134. A recent story in the Bankless Times highlighted exciting progress made by the decred community.
Decred (DCR), a digital currency that emphasizes security, privacy and scalability to empower stakeholders, today announced the passage of a vote to further decentralize its treasury, currently worth $128M. In 2018, the project gave the community the power to vote on how treasury funds are spent with the launch of Politeia, it’s off-chain proposal system. The new process will enable stakeholders to review the contractor payout each month and vote on whether to approve it via their wallet. This will greatly increase the transparency of treasury spending and eliminate the risk of treasury fund theft, which improves security. It will also further empower stakeholders who will be able to veto or approve all treasury spending.
Decred now has $128 million in its treasury! And it’s taking measures to further decentralize control of the money. It’s a beautiful system where the community decides which proposals receive funding to improve the project.
This is a very cool, old school project that is understated and doesn’t overly hype itself. I would recommend continuing to hold DCR.
With both Nano and Decred in the spotlight again, I think this move could have a lot further to go. These are both still tiny projects.
Also, Haven Protocol (XHV) continues to kill it. It’s up from $0.45 a year ago to more than $12 today. This is still a micro coin, and developers seem to be making steady progress. Hodl!