Q3 2021 Ragnarok Crypto Sumup

Dear Valued Investors and Friends,

Q3 has undoubtedly been one of the most interesting quarters to date, with many unexpected price movements, but also a great deal of development in all sectors of crypto. Let’s take a look at some of the most important updates of the past three months.

Many seasoned investors expect the year to end with a bang. Statistically, Q4 after Bitcoin halving is expected to be bullish, and bullish Bitcoin translates to the entire crypto market.

After a big shake out in the markets mid-May, causing prices to crash by up to 50%, prices have been steadily recovering. Thus far 2021 has been the year of DeFi and NFTs, and Q3 played a significant role on both fronts.

DeFi
The entire sector continued to thrive, leaving with Ethereum moving past USD 3,000 per eth. Most notably, the Avalanche ecosystem merely doubled in value in the same time frame.

And while there were many pullbacks, some more significant than others, throughout Q3, the sentiment around DeFi did not change. Non-ethereum L1 blockchain solutions like Avalanche and Solana continue to make headlines mainly thanks to their faster speed, greater number of transactions per block, lower fees, and importantly, their decreased burden to the environment. This makes them more attractive to investors, developers, and end users alike. We must mention that Solana in particular experienced outages in service lasting several hours, so while many new L1s can seem attractive, they are yet to stand the test of time.

NFTs

The NFT sector provides likely the most notable returns, while staying among the most riskiest investments in crypto. The lack of liquidity and general FOMO nature of most projects in the space, they are oftentimes traded as hot potatoes. The NFT & DAO space still evolves but it has brought some clear winners and interesting projects to keep an eye on, like the Cyber Kongz, Nouns DAO, Crypto Punks, or BAYC.

Due to high Ethereum gas fees, the sector was off to races among several L1 blockchains to dominate the NFT space. Thanks to Ethereum 2.0 and the upcoming change from proof of work to proof of stake, gas fees are expected to become minimal, increasing affordability and utility of the ecosystem. This transition might significantly increase the value of ethereum token, and we plan to be right there when it happens.

Ragnarok Crypto
We are up 70.76% in Q3 alone, outperforming Bitcoin by more than 100% for the same time period. And while we couldn’t be more ecstatic about delivering such returns on behalf of every holder of Ragnarok Crypto, we are now largely allocated in stablecoins, taking a rather level headed approach to this volatile market. Currently, we are looking into attractive assets among altcoins, and plan on averaging our Bitcoin allocation during corrections.

RC Twitter

We have decided to be more active on CT (Crypto Twitter), so if you would like to get more frequent, easily digestible updates in real time, follow us here.

That’s it! We would like to thank you again for your ongoing support. As always, if you would like to contact us directly, or learn more about private portfolio management services we offer, please visit our website https://ragnarokcrypto.com