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Micro Cap Watch List — Saturday 16th April 2022
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View this week’s Micro Cap Watch List here
The market was down 4% on the week and sentiment remains fearful with some sectors like play-to-earn taking a disproportionate hit (down 11% on the week).
The Micro Cap Watch List took some cruise missiles of its own this week. The most explosive being the total collapse of the recently high flying ICHI. That was put down to their decision to increase their Loan to Value ratio to 85% from a more prudent 60%. That meant that investors were able to borrow more with less collateral backing their loan. In this volatile market that wasn’t such a smart move. The token price collapsed over 90%.
We do hope you have been taking profits on the way up. If you missed your chance to book profits then we only hope you…