After a massive rally in April, the crypto market continued to grow and gained 5.8% in the first week of May. Due to the highly anticipated Bitcoin Halving event (scheduled for May 12), the Investment Committee decided to increase the position of Bitcoin to 70% and proportionally decrease other assets in the portfolio. However, after weeks of consistent growth, the market went into a correction mode and recorded a sharp loss of 15.3% in just two days. The correction was short-sighted, and the market quickly rebounded to finish the month with a solid gain of 8.40%.

Solidum Actio portfolio included some of the best performing assets of the past month, including Cardano (+55.40%), NEO (+22.84%) and Ethereum (+11.26%%). The performance of these assets greatly contributed to the overall monthly performance of the portfolio in May.

Solidum Actio Top Performers (2020-05)

In the previous month, the crypto market exhibited high fluctuations. Consequently, Solidum Actio slightly underperformed compared to the market in May. The market recorded a positive monthly performance of 8.40%, whereas Solidum Actio reported a gain of 2.32%.

Solidum Actio Performance (2020-05)
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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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