It's the end of 2021 and CCC had a great year - 11.6x return vs 1.6x for BTC and 5x for ETH (all displayed CCC returns are net of fees).
As the market gets bigger and bigger, it also becomes more complicated. It won’t just be BTC / alt / USD season like it used to be anymore. I expect next year to be more challenging in outperforming BTC/ETH so individual coin selection is going to be paramount.
Even if BTC or ETH are trading sideways, I believe there will be pockets of altcoins that will do well because there are so many different sectors now (NFT, GameFi, metaverse, DeFi, meme coins, L1/L2s, privacy just to name a bunch). Even within DeFi, there are DeFi 1.0 and 2.0 coins which performed very differently in the last few months.
We already see this happening - BTC is down 33% from peak but CCC is only 15% away from ATH. Like I mentioned in a previous post - narrative is very important and will continue to be a main alpha driver for CCC going forward.
With crypto taking the main stage and more attention/money focusing on this industry than ever, I remain constructive to the industry outlook. That’s why I haven’t really allocated to USD the entire year.
Here’s to another strong year for CCC and the crypto market as a whole!