One Click Crypto Report (Oct 2022)
Get the latest crypto market summary in one click. Find out the greatest BTC trades in the last 13 years and the top 7 AI investments that CEOs, retailer traders, and VCs buy.
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Download and read the full 49-page report here.
October showed us the shed of light at the end of the bear market tunnel. Despite the Fed’s interest rate hike frenzy, crypto stays strong — overall market cap is up more than 8% this month as it crosses the $1T mark again.
Key points from this month’s report:
- Market summary of October 2022
- The greatest cryptocurrency trades from the last 13 years
- Top 7 ways to invest in artificial intelligence
- AI trading bots’ performance during October 2022
- Rebranding of One Button Capital to One Click Crypto
- Announcing the launch of One Click Coin and $1,000,000 airdrop for OBT holders
Part 1: Market Summary
1.1 Cryptocurrency Market
Bitcoin (BTC) closed October at $20,410 with a change of +5.89%, while Ethereum (ETH) traded at $1,561 or +18.37%. Dogecoin (DOGE) gained over +100% ROI in one week.
Global cryptocurrency market capitalization:
The crypto market closed above $1.00T market cap, with Bitcoin taking a 38.15% share. In October, 25% of cryptocurrencies gained value while 75% dropped in price, showing a sign of portfolio rebalancing, considering the fact that top cryptocurrencies appreciated.
DeFi
After its last prominent decline from August, the DeFi pulse index price chart consolidated in September. October saw an increase of +8.26%, with protocols like Uniswap and Aave appreciating.
Top Crypto News In October
[Oct 1, 2022] Investors Sell Euros and Pounds For Bitcoin At a Rapid Rate
According to Messari data, investors are selling the Euro and British Pound for Bitcoin in record numbers. Thomas Dunleavy, a senior research analyst at the company, tweeted: “If your currency was rapidly depreciating, what would you buy to protect your purchasing power? The answer for Euro and Pound holders has been #Bitcoin”
[Oct 11, 2022] Google Bets On Crypto & Partners With Coinbase
Beginning early next year, Google has partnered with Coinbase to enable specific customers to pay for cloud services with cryptocurrency. This partnership with Coinbase will bring developers one step closer to Google Cloud CEO Thomas Kurian’s goal of making Web3 development faster and easier.
[Oct 28, 2022] Three $500M+ Events For Binance In October
In October, Binance made three headlines involving sums over $500M:
- On Oct 7, 2022, Binance blockchain suffered a $570M hack.
- On Oct 14, 2022, Binance launched a $500M project for Bitcoin miners.
- On Oct 28, 2022, Binance announced they will invest $500M in Musk’s Twitter buyout.
[Oct 31, 2022] The Musk Effect: Dogecoin Rallies By Over +100%
As Elon Musk completed his $44Bn acquisition of Twitter, his favorite crypto Dogecoin, soared over +102% ROI.
📰 Catch the latest cryptocurrency news by subscribing to the One Click Crypto weekly letter here.
1.2 Macroeconomic Outlook
Every month, we analyze the global economic picture in relation to other risky assets. That shows us how cryptocurrencies perform on a larger scale and if there is a correlation between markets.
SP500
In October, the SP500 index recorded a net gain of +6.99% and showed a similar reaction to the inflation data as Bitcoin. The BTC Pearson Correlation (30D) remained around 0.57 out of 1, indicating a slight decrease in the interrelationship between crypto and the SP500 index.
Commodity Markets
In October 2022
- Energy prices fell -7.5%, led by natural gas in Europe at -34% and the U.S. at -27.6%.
- Non-energy prices fell -1.2%.
- Agricultural prices eased +0.7%.
- Food prices increased by +0.8%, led by grains at +5.7%.
- Beverages and raw materials declined by -6.4% and -3.2%, respectively.
- Fertilizer prices lessened by -3.7%.
- Metal prices dropped by -1.7%, led by tin at -8.2%, iron ore at -7.3%, and zinc at -5%.
- Precious metals eased +0.4%.
Source: WorldBank.org
Part 2: Research
Crypto trading and AI. These are the two things that shape One Click Crypto and the 67,000 words of research documents we released in the past twelve months. This time, we take a completely different look at it.
Greatest Crypto Trades Of The Last 13 Years
Overview
Making 10–50x ROI with and without leverage. Some of the best short sales in crypto, and historical moments that shaped the industry.
🧬 7 Ways To Invest In Artificial Intelligence
The most popular AI investments that retail traders, CEOs, and venture capitalists purchase to gain exposure to the futuristic market.
Part 3: One Click Crypto AI Performance
The performance of One Click Crypto (1CC) is detailed in the following section, beginning with the aggregated returns from October 2022 for all trading strategies that ran for the entire month.
Overall One Click Crypto returned +1.57%, while BTC went up +5.07% and ETH gained +17.23%.
It is safe to say that up to Oct 24, the 1CC AI bots were matching the performance of the two largest cryptos. After that, the sentiment of the market changed rapidly, followed by a sharp price increase in leading digital assets.
Even though the trading bots did not catch the uptrend this time, they did gain profits on average. That is important because real wealth is not built in one price cycle but rather over a longer period.
Also, it is important to note that during a price rally, the most that a bot can return is a 1:1 ratio to underlying assets, since it is dependent on it.
But once the market finds a correction point and starts trading down, that is when the AI actually gains an edge over the market.
Of course, this is not guaranteed to always happen, but it is one of the key patterns that help AI bots make money in crypto markets.
In the end, it is better to gain 5% and keep it, rather than gain 20% and lose it back again (and sometimes more).
3.1 Best-Performing AI Strategies
The most profitable AI trading bots in October were Astral v2: +3.77%, Performer v2: +3.18% & Endeavour: +2.63%.
3.2 Best-Performing Market Pairs
Below are the three most profitable market pairs for One Click Crypto’s trading bots. Unsurprisingly, all of them are in DOGE pairs with DOGE: USDT for the Explorer AI at first with a +73.76% ROI.
3.3 Long-term Performance
Despite having a great month-to-month performance again, Ethereum still has not recovered from its losses in the previous six months. In fact, over a 180 days period, both BTC and ETH are down by roughly 40%, while the longest-running active strategies at One Click have remained between -2% and +2%.
3.4 Historical Track Record
Outperforming Bitcoin
The graph focuses on the overall average performance of all BTC trading strategies on One Click Crypto. The AI-boosted BTC outshines the number-one crypto by over +80%
One Click Crypto’s long-term results against Bitcoin.
1CC: +34.31%
BTC: -46.69%
One Click Crypto’s long-term results against Ethereum.
The AI-Boosted Ethereum strategy outperformed ETH by over +190% over the course of 20+ months.
1CC: +217.09%
ETH: +26.90%
AI Trading Bots’ Response To LUNA
On May 7, 2022, LUNA started its descent from $80 per token to oblivion. On May 11, it reached $1, and the next day it was $0.01, making all the project investors deeply disappointed. One Click Crypto traded LUNA market pairs at the time, and a few strategies were still in use during the bleeding period. How did they react?
The first market reaction we observed was by the Performer v2 strategy trading on the LUNA: BUSD pair. On May 9, 20:05, the robot sold its LUNA position completely at $59.30. On May 10, just after 17 hours, the price of LUNA was already at $29.65, saving the investor from a -50% loss.
The second notable account of LUNA trading is held by the Clipper AI strategy, quitting the position on May 8 at $65.93 per LUNA and riding it all the way down to $3.90 and not trading ever since.
Another interesting situation happened to the strategies that traded LUNA until it reached its lows on May 14. One of the Performer v2 bots entered a position at around $0.0001, buying more than 600,000 LUNA. On the same day, the price of LUNA went up by more than +200%, giving the user an incredible ROI and offsetting previous losses.
3.5 Trade History Analysis
After several months of market dominance, this time, the AI did not have the best trading performance. That can be attributed to the start of a new cycle to which the bots need to adapt for better long-term results.
AI vs. ETH
October results:
Performer v2 AI: +2.31% (21 trades)
ETH: +17.23%
Performer v2 followed Ethereum’s price action closely until Oct 24 when ETH began surging. Even though the bot did not catch the full bull run it still made profits for the month.
Between October 1 and October 23, Performer v2 followed a sticking pattern by trading in the consolidating Ethereum. The only blunder that P2 made was selling 65% of its capital shortly before ETH was about to pump.
AI vs. BNB
October results:
Performer v2 AI: +5.86% (16 trades)
BNB: +17.83%
Against BNB the AI showed better results and was in an ‘outperformance’ mode in ⅓ of the month. Once again, Performer v2 decided to fold before the spike around Oct 26, but it still secured profits.
The highlight of the month for the BNB market pair is that the AI located the local bottom and placed a BUY order. Toward the end of the month, P2 bought just before the bull run, which was followed by a SELL order and a final BUY in a short timeframe. A mistake that cost the AI the ‘outperformance’ badge this month, but perhaps this is part of the robot’s plan to understand the market in the long term.
Disclaimer: This is not financial advice. This report is strictly educational and does not provide investment advice, solicit the purchase or sale of any assets, or encourage readers to make financial decisions. Please use caution and conduct independent research.
3.6 Community Feedback
Our Discord server, also known as ‘One Click Crypto Hub’ kept growing in October, as new marketing activities brought fresh members to the community. There are also four new channels:
- AI Signals: live trading signals from 1CC’s top AI bots.
- TA Ideas: technical analysis ideas by our investors.
- PnL: a place for sharing quick screenshots of your trading bots’ profits or losses.
- Feature Requests: dedicated channel for making requests for new features or updates.
These channels help with the organization of the server and provide members with a platform to share their insights on different aspects of their crypto journey.
Let’s look at the most insightful discussions and brilliant thoughts from our members:
Using different bots to hedge against each other
The new way of cryptocurrency hedging is pairing AI trading bots against each other. Below is a screenshot of part of the discussion on Discord about the strategy.
In fact, the next page is an example of why such strategies are effective in preventing subpar results during periods of increased volatility or shift towards a new market condition. Interestingly, we can even make a hypothesis on what is the current market trend, by looking at which trading bots are doing well.
The importance of diversification
There are two things 1CC investors can optimize:
Allocating all assets to just a single bot, is highly dependent on the success of that individual bot, therefore more risk. So it may be better to diversify into multiple bots and pairs. For example, an investor can go to the portfolio creation on Lite mode where the One Click system will suggest the most optimal portfolio distribution.
To join the discussion on the One Click Crypto Discord server, click here.
Part 4: Company News
Oct 2022 was a pivotal month in One Click’s history as it involved rebranding from One Button to One Click and expanding the general company vision into the web3 domain which enabled the official launch of the 1CC token.
4.1 One Button Capital Becomes One Click Crypto
On Oct 25, 2022, One Button Capital announced that it becomes One Click Crypto. The rebranding involves several reasons for both high-level strategic vision and aesthetic purposes.
To bring the One Click user experience to cryptocurrencies even closer, we expanded on our initial vision with a set of web3 products aimed at bringing value to everyone, even non-crypto natives.
One Click AI Invest
Invest in the most prominent coins with one click. Powered by a set of artificial intelligence tools extracting data from all of web2 and web3, the software automatically allocates your fiat/stablecoins in the assets that have the best-expected return. The best part is that it’s non-custodial and allows buying crypto even with a credit card or bank account without registration.
4.2 1CC Token Launch
Furthermore, with its rebrand, One Click Crypto is launching a new token under the ticker 1CC in Q1 2023. The new token will serve as an integral part of the new One Click Crypto web3 product ecosystem and be a mechanism for holders to generate higher yields on their assets.
4.3 1CC Tokenomics
The 1CC token will have the following allocation:
Read in detail the reasoning behind each one here.
4.4 $1,000,000 Airdrop for OBT Holders
For its upcoming 1CC token launch, One Click Crypto will allocate $1,000,000 worth of its supply to OBT holders. A total of 2,857,142.857 1CC tokens based on their public sale price of $0.35 will be airdropped to all holders of OBT.
4.5 One Click Crypto Events
After the thriving marketing campaign in Asia during the summer, the One Click Crypto team went to Dubai for three of the largest DeFi and Web3 events of the year.
1CC In Dubai Mini Report
One Click Crypto was in UAE primarily for a few blockchain events and we had a chance to meet with the most extraordinary people from the largest web3 projects in the MENA region and worldwide.
Alongside a dozen side events, the three main events we attended were:
- Oct 4–5 Blockchain Economy Summit
- Oct 5–6 Crypto Expo
- Oct 10–14 GITEX GLOBAL
Upcoming Events
In November One Click Crypto will participate in the following events:
- Token2049 in London between Nov 9–10, 2022
- Next Block Expo in Berlin between Nov 23–24, 2022
4.6 Product Updates
This Month’s Updates
FTX subaccount support
This month we introduced an improved way for our investors to use FTX with One Click Crypto’s app through subaccounts. This way, you can have your own dedicated “One Click Crypto” FTX subaccount and keep your investment separated.
Improved trade history
In order to introduce further transparency of the AI bots’ actions we have added new parameters to the trade history. They aim to show the signal strength of the trade and the distribution of the bot’s balance in crypto and fiat.
Improved portfolio allocation step
We have introduced a series of updates related to the portfolio allocation::
- An improved stable coin scanning mechanism in order to immediately reflect top-ups
- “Refresh balance” functionality to manually refresh the available balance
Other updates
- Changed default “lite view” portfolio overview page
- Indicators that warn about high exchange fees
- Resolved bugs related to FTX average order fill price and stop-loss configuration
- Resolved miss-calculation for MDD and market MDD
- Resolved issue with Bitpanda Pro order fill price
- Resolved order execution issues for FTX main accounts
- Resolved issue with 0 for order price on Crypto.com (order rejection by exchange)
- Resolved Binance.US bug that didn’t allow certain stop-loss orders to be retrieved from the exchange
Final Word
Bear markets create wealth, but only a handful of people do what is necessary when the chance occurs. The average length of a crypto recession is 289 days, and it’s been almost 1 year since the markets started to plummet last November. Now a year later, it looks like a crypto renaissance is forming, with top digital assets like BNB surging by +20.02% in the past week alone.
Human psychology will continue to play its role in dictating trend direction. Still, the technological upgrades and lessons learned over the past 12 months made the crypto economy faster, better, and stronger.
What are we waiting for?
Grow crypto with One Click,
The One Click Team
