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$ROSE team has announced in previous week that big partnership and new big update might be comming soon.

$ROSE is again #1 in terms of development activity 🔥

$ROSE is one of the best performing projects in crypto in past few weeks, making no new lows. Onchain data shows massive institutions have accumulated over 50M$ of $ROSE.

This project will stay big part of our portfolio as I think it will run to atleast 1$ until end of the year. Based on fundamentals and partnerships with Google & META I think 2$ range might also be an option.

At 1$ price per $ROSE token this would be roughly 7B$ market cap. At 2$ this will be just 14B$ project 😮

AI & WEB 3 need optional privacy and they've been building solution for big data & AI for past 3 years. Finaly big tech corps are starting to embrace their tech.

Dawn Song is also one of the most respected computer scientist professors in USA & has many connection with tech giants.

I do believe this project might be the best runner of 2024 in 2nd half of this year 😉

Stacking $ROSE bellow 0,10$ is a gift most are not realising 🎁

I predicted in the past $RUNE , $NEAR, $AR, while I did sell too early I think what's comming for $ROSE will be the biggest pump I've ever predicted 🚀

I might be wrong but onchain data, fundamentals, team track record all make sense. Even big tech titans are embracing it. Chart is looking incredibly bullish.

New highs are on horizon so stack while you can 😉

$ROSE team has announced in previous week that big partnership and new big update might be comming soon.

$ROSE is again #1 in terms of development activity 🔥

This week they're also attending an event in Belgium where big updates might be revealed 🤔

$ROSE is one of the best performing projects in crypto in past few weeks, making no new lows. Onchain data shows massive institutions have accumulated over 50M$ of $ROSE.

This project will stay big part of our portfolio as I think it will run to atleast 1$ until end of the year. Based on fundamentals and partnerships with Google & META I think 2$ range might also be an option.

At 1$ price per $ROSE token this would be roughly 7B$ market cap. At 2$ this will be just 14B$ project 😮

AI & WEB 3 need optional privacy and they've been building solution for big data & AI for past 3 years. Finaly big tech corps are starting to embrace their tech.

Dawn Song is also one of the most respected computer scientist professors in USA & has many connection with tech giants.

I do believe this project might be the best runner of 2024 in 2nd half of this year 😉

Stacking $ROSE bellow 0,10$ is a gift most are not realising 🎁

I predicted in the past $RUNE , $NEAR, $AR, while I did sell too early I think what's comming for $ROSE will be the biggest pump I've ever predicted 🚀

I might be wrong but onchain data, fundamentals, team track record all make sense. Even big tech titans are embracing it. Chart is looking incredibly bullish.

New highs are on horizon so stack while you can 😉

Understanding the Latest Market Dynamics 

The recent movements in the cryptocurrency market have spotlighted several key players, including $NEAR Protocol, $ETH, and $SOL. These developments highlight the intricate dynamics that drive the value and perception of digital assets. Let's delve into the specifics to understand what's shaping their trajectories.

NEAR Protocol: Riding the AI Wave

NEAR Protocol $NEAR has seen a notable price surge, trading at $5.40 and eyeing a potential rise to $7. This rally is significantly influenced by the booming AI industry. Nvidia's recent achievement, becoming the world's most valuable company with a market cap of $3.33 trillion, has propelled AI-related tokens like NEAR. Additionally, Panthera Capital's announcement of a $1 billion investment in AI-related blockchains, with 15% to 20% allocated to NEAR, further boosts its prospects. The increasing development activity on NEAR, as indicated by rising contributions to its GitHub repositories, and the volume uptick to $308.09 million, underscore a bullish sentiment. However, investors should watch for potential sell-offs and development activity declines that could trigger a price drop to $5.06.

Another edition of CHAINLETTER hits the planet's inboxes. Entitled "Bitcoin Is Poised To Break Out Again" we tackle the most critical technical, on-chain, macro and crypto specific issues of the fortnight.

$BTC $NEAR $FET $AR $ETH $LINK

Enjoy it and sign up on our website to receive it directly.

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Detailed Analysis of the First Correlation Table:

Here is the annual correlation analysis I conducted for the June 2024.

I usually don't publish this, but some people are interested in learning and those copying this strategy likely want to see how their funds are managed properly.

Anyway, I will rebalance the portfolio in a few hours once I finish my complete work as I prepare monthly reports for myself to review periodically.

in risk mode: Assets that have a higher return than the general market are selected. Then the risks are reduced.

Overview:

The first table presents the correlation between various assets, indicating how closely their price movements are related. High correlation (values close to 1) means the assets tend to move in the same direction, while low correlation (values close to 0) indicates more independent movements.

Key Observations:

Highly Correlated Assets

$SOL and $AVAX : High correlation of 82.58%.

$NEAR and $AVAX : High correlation of 81.20%.

$AR and $FET : High correlation of 87.21%.

,,etc

Low Correlation Assets:

$SOL and $JASMY : Low correlation of 21.68%.

$ICP and $AR : Low correlation of 26.20%.

$FET and $IMX : Low correlation of 50.50%.

,,etc

For diversification, it's beneficial to include assets with low correlations in your portfolio. This helps reduce overall risk.

Diversification Strategy:

Combining SOL and JASMY, ICP and AR, or FET and IMX could provide better risk management due to their low correlation.

Overall Assessment:

The selected assets to offer a good mix, but individual asset fundamentals and market trends should also be considered. 

Diversifying with low-correlation assets is key to minimizing risk.

Therefore, the correlation will also be evaluated at the sector level.

Continue reading the next post :)