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No. 57 ⚡️Results are in 🥵 See how other Cheres investors did 👀

No. 57 ⚡️Results are in 🥵 See how other Cheres investors did 👀

Weekly inbox drops so you know when to buy low & sell high

January 06, 2023

HNY. We back. Results are in. Sharing your friends' investment performance. DeFi Newsroom 📺 How NFT sales in 2022 pretty much matched the 2021 boom 💥 Will BTC & Eth stop mirroring the stock market? TradFi Journal 🗞 66% of Americans have these money-related new year resolutions 🔮

Gm 2023 👋 I've been running this show for some time now...so much so that y'all love a good a peek 👀 Whether you're like the Venmo freaks who stalk people's transactions to see who's out with who or you actually just wanna know what others are doing re-investing, I've got you.

Cheres app is your unified home for all your investing. See & manage your crypto, stocks, and NFTs while getting personalized insights to be a better investor ⚡️ Here's the wrap for the 2022 Cheres community and what we all got up to. 🥁

What'd you do when the party shut down?

🥹 9.6% of you sold the majority of your holdings after the 2022 crash
💪🏼 68.5% of you held strong keeping most of you holdings after the 2022 crash

What went down on Wall Street?

💚 Most bought stock (in order): Vanguard ESG, iShares ESG, Square, Coinbase
📈 Best performing stock was EDU (+92% in 2022), which 1.3% of y'all held
📉Worst performing stock was EMBK (-95% in 2022), which 5% of y'all held

How much of a Degen were you?

💚 Most bought crypto (in order): Ethereum, Bitcoin, Solana, Polygon, Filecoin
📈 Best performing crypto was TRON (-28% in 2022), which 4% of y'all held
📉Worst performing crypto was SOL (-95% in 2022), which 5% of y'all held

Huge thanks to everyone who downloaded and used the Cheres app 📱 Some of you connected up to 7 of your brokerages & crypto wallets to see everything in one place. ❤️

👉 If you don't have the Cheres app, I don't know wth you're waiting for.

🎨 NFT sales in 2022 were pretty much the same as in the 2021 boom

The NFT market is down prettttyyy bad, but if you recall, this time last year everyone and their VC's mom was spelling 'non-fungible token' 🤌. As the TradFi daddies banged their heads against the wall awaiting a crash, we were kinda stoked watching Paris Hilton chat apes with Jimmy Fallon 🦧. Ok ok, some of us were. Despite months of declining sales and the price of the art beauties falling, the overall NFT sales (volume) nearly equalled those of 2021, according to data from DappRadar.

🛍 NFT Sales for 2022 totalled around $24.7B compared to $25.1B from 2021

🔻 According to Bloomberg, through data from Dune Analytics, "trading volumes in NFTs (nonfungible tokens) have decreased 97% since the start of [2022]"

Will Bitcoin & Ethereum prices stop mirroring the stock market?

Last year, we saw crypto and stock markets move together. This is especially true as it relates to crypto and tech stocks. According to TradeView, the correlation was seen most intensely over the summer ☀️, "when the correlation between bitcoin and the S&P 500 was nearly one-to-one". Despite bitcoin being designed to be a non-correlated asset, it makes sense as to why retail investors have led crypto this way 🙆🏼:

As blockchain has gained popularity amongst the boomers 👴 and well...throughout the world, investors have been treating crypto as they do tech stocks because blockchain unlike gold actually does provide utility. 💻

What will it take for crypto to leave its "not a girl, not yet a woman" phase? Mature into it's own asset class. This means greater infrastructure and technologies like yours truly (Cheres app) 🤙 to leverage crypto for practical use. One example Douglas Boneparth, CFP & president of Bone Fide Wealth, shares is: Integrating crypto wallets with iPhone wallets and being able to tap and pay just like you do with your credit card 💳

Ouu,Dougie, I like where you're taking this. 🥵

66% of Americans making money-related new year resolutions

New year, new...ugh. I can't even finish the sentence. Anyway, rumors (actual respectable and descent survey data) point to two-thirds of Americans making money-related new year resolutions. 🥳 Hey - this is what we like to hear!

Bear with me as we get to what specifically tho cuz that part ain't too cute. The thing about ~recessions~ or 🧸 markets is, prices are slashed and history has shown it's how the wealthy have made their money. When the S&P 500 was down ~20% for 2022, I'm out here thinkin', we're gonna be investing! Seems like we're back to personal finance tho. But hey, everyone's different and I just report the news (besides my full-time job being an investing app...).

Here's what more than half of Americans are looking to realize 🔮

💳 Paying down credit cards: When the average interest rate on a credit card is 20%, we're seeing many us trying to pay these bb's off!
🐖 Boost those emergency savings: Only 27% of Americans have 6 months of expenses saved so we're seeing an increase in interest on this one.
🧮 Adjust budgets: Yep. Lowering those expenses. Mmhmm.
🏠 Improve credit: With raising interest rates, ppl wanna increase their credit scores to apply for lower interest rate credit cards, mortgages, loans, etc.