After fluctuating for nearly two months in its consolidation range and breaking out of its long-term downtrend since 2017, Bitcoin finally made a decisive move in July. Bitcoin gained 23.92% in the previous month and ignited a bullish sentiment amongst the crypto traders.

While the performance of Bitcoin in the past month has been considerable, altcoins (measured with the MVIS Digital Asset 25 Index) nevertheless managed to outperform Bitcoin in the previous month, gaining on average 37.77% in July alone.

The Solidum Actio portfolio recorded a positive monthly performance of 21.14%, slightly underperforming the market in the previous month.

Chart 1 - Solidum Actio Performance (2020-07)

Nonetheless, the Solidum Actio portfolio included some of the best-performing crypto assets, namely Chainlink (+70.02%), Cardano (+66.99%) and Bancor (58.09%). The performance of these assets greatly contributed to the overall monthly performance of the portfolio in July.

Chart 2 - Solidum Actio Top Performers (2020-07)

Lastly, by the end of July, the five highest-weighted holdings in the portfolio were Bitcoin, Ethereum, Chainlink, Binance Coin and Cardano.

Our Crypto Strategies

Follow us on social media:

Facebook | LinkedIn | Twitter | Telegram | YouTube

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.

Want to become a better crypto investor?

Receive our news straight to your inbox!

Want to become a better crypto investor?

Receive our news straight to your inbox!