In April, the crypto market stood firm, with a steady price appreciation throughout the month. Solidum Actio recorded a substantially better performance compared to the market and ended the month with a 51.26% gain, whereas the market recorded a 39.80% gain during April.

Chart 1 - Solidum Actio Performance (2020-04)

All of the top 25 assets by market cap reported a positive performance in April. By the end of April, Tezos, Stellar and Chainlink were all among the top five performing assets in the previous month, with a superb performance of +70%, +66%, and +64%, respectively. All three of the mentioned assets are also among the highest weighted assets in the portfolio, which contributed to the overall ending performance of Solidum Actio in April.

The average cryptocurrency fund, based on the Barcleyhedge Cryptocurrency Traders Index*, recorded a gain of +17.10% in April. Therefore, Solidum Actio recorded a substantially better performance in April, compared to its peers.

*There are 19 crypto funds included in the index at the time of writing

Chart 2 - Solidum Actio Top Performers (2020-04)
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DISCLAIMER: This article is for informational and discussion purposes only and does not constitute a marketing message, an investment survey, an investment recommendation, or investment advice. The article was prepared exclusively for a better understanding of market dynamics.

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