After all the fireworks we sparked for New Years, the crypto market was preparing for its own rocket launch in January. The market recorded a blasting 50.5% in the past month and all of the top 25 crypto assets by market cap experienced a positive return in January. Moreover, altcoins in general outperformed Bitcoin in the past month. The top three altcoins were Dash (+183%), Bitcoin SV (+181%) and Ethereum Classic (+151%). Nevertheless, it was a good month for Bitcoin as well, as it recorded a 30% gain in a single month. Due to the fact that altcoins performed better in January, Bitcoin’s dominance decreased to 66.1% by the end of the month.

Solidum Cautus reported a 22.68% return in January. While the monthly return of Solidum Cautus does not seem, as high as some of the individual asset returns we have mentioned above, it is also not a just comparison. If we compare a funds return to its peers, the average cryptocurrency fund, according to the BarclayHedge cryptocurrency traders index, recorded a 20.74% return in January. Therefore, Solidum Cautus recorded a better performance in January, compared to its peers.

Solidum Cautus Performance Jan2020

The top three performers in the Solidum Cautus portfolio were Bitcoin Cash (+83.46%), Litecoin (+64.20%) and Cardano (+63.78%). The performance of these three assets greatly contributed to the overall monthly performance of Solidum Cautus in the past month.

Solidum Cautus Top Performers Jan2020

The Investment Committee decided to reduce the total number of assets in the portfolio on 3 January. The opportunistic part of the portfolio was too diversified, and thus each asset in that segment represented only a small allocation of the overall portfolio. By reducing the total number of assets, we have therefore increased the allocations of the assets retained in the portfolio. Consequently, NEO, Dash, EOS and Stellar were removed from the portfolio. On 14 January, the Investment Committee also increased the allocation of active investments in the portfolio from 50% to 90%. This decision allowed us to capture the majority of the market returns in the second half of the month.

In the beginning of October 2019, we upgraded our strategy, implementing new trading indicators and allowing the strategy to capitalize on the market’s momentum. The improved strategy has shown promising results; here are the returns since the implementation of the new strategy, compared to the returns of other similar crypto funds in the industry (01.10.2019 – 31.01.2020):

Solidum Cautus Performance 1.10.2019-31.1.2020

We are also proud to state that Solidum Cautus and Solidum Actio have recorded the best returns over the past three months (as of mid-January), among 35 different strategies on the ICONOMI platform.

Our Crypto Strategies

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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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