Cinneamhain Ventures founder and fintech expert Adam Cochran shared his top altcoin picks. A semi-ironic Twitter account followed the one-year performance of Cochran’s selected projects.
Performance of Adam Cochran’s altcoin shopping list
On December 30, 2021, Adam Cochran shared his ‘2022 shopping list’, which includes 37 altcoin projects that have the potential to outperform the markets. He segmented his recommendations into ‘god level’, ‘strong performance’, ‘better performance’, ‘value’, ‘risky but potential’ and high risk’.
It's time for a 1-year update on the 206-tweet-thread 'altcoin outperform shopping list for 2022' by @adamscochran
Lets breakdown how the 37 picks on the list performed this year? pic.twitter.com/3HIlEkuILU
— Shitcoin minimalist (parody) (@bccponzi) December 30, 2022
Anonymous Twitter commentator Shitcoin minimalist shared today the performance of all assets in Cochran’s portfolio. Accordingly, the CAP token turned out to be the best performing asset on this list. Because it lost only 33% of its price in 2022.
In contrast, some of the tokens the analyst mentioned lost over 95%. This also means that their prices have dropped 20 times. Keep3rV1 (KP3R), Helium (HNT), Perpetual Protocol (PERP), Futureswap (FST), Hundred Finance (HND) were among the worst performers with losses of 95-98%. Babylon Finance (BABL) lost more than 99.9% of its price. The altcoin has dropped in price from $216 to $0.06 since mid-November 2021.
Labeled as ‘strong performer’, the Flux (FLX) token lost 98% of its price. Ironically, ‘god-level’ and ‘powerful superiority’ were destroyed more mercifully than others, losing 86% and 87.3%, respectively.
Bitcoin (BTC) was a ‘safe haven’ for investors in 2022
Other segments, including ‘risky’ and ‘high-risk’, lost 80-84.5%. Overall, the ‘2022 altcoin shopping list’ dropped 83.92% in prices. Meanwhile, the price of the leading altcoin Ethereum (ETH) dropped only 68.7%. The price of the leading cryptocurrency Bitcoin (BTC) fell 64.8%. Bitcoin (BTC) and Ethereum (ETH) appear to be ‘safe haven assets’ amid the painful crypto market decline.
Bitcoin has fallen hard throughout 2022, from its peak of around $69k in November last year. cryptocoin.com As you follow, 2022 was full of bankruptcies, crashes and sensational events for the market. With the collapse of the latest cryptocurrency exchange FTX, the hopes of recovery in the market were left to another spring. Meanwhile, the net capitalization of the cryptocurrency markets fell by almost 61% during this period. On November 22, 2022, the cryptocurrency market cap hit below $780 billion. As we start a new year, there is an optimistic mood in the market, albeit partial. We’ll see where this takes the market.
