Welcome to the latest edition of the Peachfolio newsletter. It’s been a rough time for traders everywhere, not only for those in the depths of the current crypto winter but also in traditional stocks and shares.
In a bear market, you need to keep a cool head and plan for the long term. That’s what we’ve been doing here at Peachfolio HQ.
We’ve seen the value of most crypto related projects collapse. Sadly, we’ve also seen a lot of projects disappear. We’ve been working hard to make sure that we’re both here for the long run and ready for the bull market when it returns.
In this newsletter, we’ll give you some more information about how we’ve been doing that.
2022 – a year to forget in DeFi?
In addition to how hard the current bear market has hit the stock market and crypto market, it has devastated DeFi. Luckily for Peachfolio, this was something that we had anticipated when we noticed the signs that the market was heading for trouble.
The first thing we did was make sure that Peachfolio would survive. Our finance team worked hard with our development team to make sure that we could sustain our products and service level through a long crypto winter.
After we secured our future, we continued developing new products in anticipation of a better market. We feel that it’s inevitable that there will be a huge influx of traders to DeFi again when the market picks up. We want to be right there to help them with the best tools possible. We’re delighted with the progress we’ve made with this work. We’re also very happy with the new connections we’ve established to marquee crypto companies and projects in the process.
The flip side of this position is that we feel that releasing big new features in this market would be a wasted opportunity. This is why you may not have noticed anything new from us for a while. The good news is that we have multiple features finished right now. We’re waiting for the right conditions and partner approval to release them.
Our new developments in more detail
We have two new chains ready to be released in the mobile app: Avalanche and Polygon. With the Ethereum and BSC chain already available, this will mean we have four major supported blockchains and millions of tokens trackable in the app.
Our end goal is to include as many chains as possible, and development on the next chains has already started.
We are also delighted to confirm that we have two components of PeachAnalytics ready to launch. Both of these will be included in the PeachHub.
Holder analysis will give you a detailed bubble map of all holders of a token showing transactions between wallets. You’ll be able to learn invaluable data such as how many investors a token has, how each holder is interconnected, and how influential the token’s whales are.
We’ll be publishing an in-depth help guide to help you interpret these bubbles. How do you recognize transactions between team wallets for example, that might be a red flag before investing in the token?
Liquidity analysis is the second new component of PeachAnalytics. With this feature, you’ll be able to see where a token’s liquidity is. You can learn if it’s locked, when liquidity was added or removed, and where it was moved to.
We’re confident that both of these new features will help protect yourself from damaging trades on scam tokens and make crypto safer.
In addition to these new features, we’re also continuing to work on linking PeachHub and the Peachfolio mobile app. This will let you easily track your portfolio at your desktop and on the go.
Building connections for the future
In addition to our development work, Peachfolio team members attended several international crypto events in the past months, including the Blockchain Ireland Week event in Dublin and the Zebu Live Crypto Conference in London.
These crypto conferences make it possible for us to promote Peachfolio in real life, talk to like minded people and do some extremely useful networking. We met a lot of people who were very excited about the Peachfolio project, and it made it clear for us that we are going in the right direction. We will continue attending these events in the future.
The networking isn’t exclusive to these conferences of course, and we continue having talks with interesting partners and projects on a daily base.
Nobody can predict exactly when this bear market is going to end. What we can predict is that we’ll continue to work hard, build, and connect to take Peachfolio to the next level.
With a strong pipeline of powerful products and robust strategic partnerships, Peachfolio will be ready for whatever comes next.