Newsletter by Tokenize Xchange (Vol.222 | Jan 2023)
What’s up? Welcome to Tokenize Weekly Roundup
Every Wednesday, Tokenize Xchange will meet you right here with the week’s most important crypto news. Crypto moves fast, but we’ll help you stay on top of the latest trends and explain why they matter. Also, don’t miss any updates regarding our latest features, events, and community activities.
🚀 Crypto Leaderboard
🎉 Crypto Alt-coins Started 2023 With A Bang
January, and 2023, are off to quite the start for anyone daring enough to buy the dip. But why exactly are alt-coins experiencing such strong performance relative to Bitcoin or Ethereum, which have climbed roughly 5 and 10% during the same timeframe?
The answer could be something called the “January effect” — a calendar effect that takes place during the month of January. Other calendar effects in financial markets include “sell in May and go away,” the Halloween effect, the July effect, and the Santa Claus rally.
According to Wikipedia’s entry on the subject, the January effect is a “hypothesis that there is a seasonal anomaly in the financial market where securities’ prices increase in the month of January more than in any other month.” Simply put, there is potential for some assets to perform in January more so than the rest of the entire year ahead.
Whatever the reason, considering how far many alt-coins have climbed, this January is currently leaning in favor of proving this phenomenon accurate. Whether this should be expected, or is due to the downtrend combined with the third year of the Biden US Presidency, remains to be seen.
Considering most data suggests that the party ends a little early at around mid-month, alt-coins could have another few days to shine. How will January end for cryptocurrencies?
✨ Fresh Look with Tokenize Xchange
On January 8, 2023, Tokenize Xchange launched its new and refreshed branding strategy. This brand upgrade aims to unveil our Asia expansion roadmap and celebrate our 6th anniversary milestone.
Our brand refresh reflects our evolution — rebranded to be more inclusive, young & confident, unique, and mature, to welcome a new chapter in the rapidly evolving crypto space.
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🤘🏻 Sharing Is Caring
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📚 Crypto Made Easy
- What is GALA and Gala Games?
- 6 Podcast Episodes for NFT Beginners
- What is Fiat? Understand The Fiat Gateway
📻 More news that caught our eye
- ApeCoin Climbs 21% In Last 7 Days As Sentiment Remains Bullish
- Ethereum Price Consolidate Gains and Seems Poised For Upside Break
- USDC transfer volume hit 5X USDT’s in fallout from FTX collapse
- Terra And Do Kwon Lawsuit Voluntarily Dismissed, But Why?
- Cardano Founder Shares His Thought On Upcoming Improvements On The Platform
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All content produced by Tokenize Xchange is intended solely for educational purposes. This should not be taken as financial or investment advice. Individuals are advised to perform due diligence before purchasing any crypto as they are subject to high volatility.