After a volatile price action in the first four months of 2020, the market has been without a clear direction. It gained 8.4% in May, then lost 7.0% in June, delivering a flat performance of 0.8% in the last two months.

Bitcoin is consolidating in the range between $8,900 and $9,900, with occasional fake breakouts on both sides, causing headaches to many traders. Once the actual breakout finally occurs, we can expect a decisive move in either direction.

In June, Solidum Actio performed better compared to the market with a negative monthly performance of 5.39%, whereas the market recorded a loss 6.98% in the previous month.

Chart 1 - Solidum Actio Performance (2020-06)

Despite the fact that the crypto market has exhibited exorbitant volatility in the first half of 2020, Solidum Actio has recorded an outstanding three-month performance of 46.42% and a six-month performance of 39.43%.

The Solidum Actio portfolio included some of the best performing assets in the previous month, namely Cardano (+11.79%), Chainlink (10.65%) and Ethereum (-2.02%). The performance of these assets greatly contributed to the monthly performance of the portfolio.

Chart 2 - Solidum Actio Top Performers (2020-06)
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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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