REBALANCING & RESTRUCTURING ANNOUNCEMENT
Yesterday we had our scheduled rebalancing:
We also closed our $USDT.
We added $UNI and $ADA in our portfolio. We now hold 22 assets with $XRP and $AAVE continuing to lead in terms of allocation percentage.
Maker is a smart contract platform built on the Ethereum blockchain. It is built with the purpose of solving volatility issues for the broad crypto market and the basis for the blockchain-based banking system, a new-generation system which allows peer-to-peer transactions as well as faster and simpler international transactions.
The Maker coin, MKR, has three roles on the platform. It is used for governance, where holders can vote on risk management and business logic of the Maker cryptosystem, utility token, and a recapitalization resource. It is also used to pay fees when generating DAI, Maker’s stablecoin pegged to the U. S. dollar. Each time fees are paid, the platform automatically burns MKR, removing it. Thus, the supply of MKR is directly connected to the demand for DAI.
The fastest, most convenient way to purchase Maker is to purchase it on ICONOMI. We check Maker live prices on 10+ crypto exchanges and buy it at the best market price.
You can buy Maker by adding it to your private Crypto Strategy (crypto portfolio). You can also use our recurring buy feature that tends to level out cryptocurrency price volatility effects. You can find out more about how to benefit from smaller investments at regular intervals on our blog article.
We recommend you do your own research and cryptocurrency analysis. Experienced crypto traders use fundamental and technical analysis to evaluate if Maker is a good buy/sell. Fundamental and technical analyses are the two most common types of analysis used in trading traditional assets (e.g. stocks and bonds).
If you are unfamiliar with analyzing cryptocurrency prices and want to buy Maker, we recommend you read the next section, as copying might be a better approach.
If you are not skilled at these, consider a different approach to investing in cryptocurrencies. You can learn from and copy seasoned crypto traders on ICONOMI who regularly share their insights and manage their public Crypto Strategies. Go to the strategies page and use the “ticker” filter to find out which public Crypto Strategies have Maker in their structure.
Here you can read and comment on all posts made by Strategists about Maker MKR. See all Maker USD price predictions in real time and make the best use of their crypto knowledge.
Our weekly DigitalVision letter is fresh out...it's been a volatile few days, that's for sure...although perhaps unsurprising given the pace of the recent recovery.
After a sharp drop in Bitcoin dominance, alts enjoyed a much-appreciated rally, with some getting more love than others.
However, just as the parade was getting going, Bitcoin decided to make a small correction and alts completely fell apart.
But now, with Bitcoin back above $100K...is the party back on?
ALSO:
🚀CryptoVerse Making the difference in a drisis – World Mobile (WMTx)
🦖Digital Insight Dino coins surge & Raydium fees drop as capital flows to Base
🤑DVDealings How $PENDLE and $MKR shaped our strategy this week
Click on this link to read DIGITALVISION: https://bagster.substack.com/p/digital-vision-2
So what altcoins will I be concentrating on?
As some of you have already noticed I am a big fan of $OP Optimism.
I firmly believe that $ETH is the underdog of this cycle and will perform better than most expect.
Subsequently, scaling solutions will be needed and sought after. $OP has a very good position with the Superchain being a potential killer application/protocol allowing multiple Layer 2s to seamlessly connect and interact with each other scaling the network horizontally.
Apart from that Layer 1 solutions like $SOL, $AVAX, $NEAR, $SUI, etc. also have a lot going for them and will most likely also perform very well.
Then there are the sectors that saw crazy rallies in the past but couldn't live up to the expectations but could see a revival under more lax regulation. These include DeFi (decentralized finance) and RWA (real-world assets) tokenization.
Protocols like $AAVE, $CRV, $MKR, $ONDO, ... come to mind here.
With that, we also submitted the monthly rebalance of BLX as per our parameters.
We added Aave ($AAVE) with a weight of 0.28%, Immutable ($IMX) with a weight of 0.32%, and Injective Protocol ($INJ) with a weight of 0.27%. Filecoin ($FIL), Cronos ($CRO), Hedera Hashgraph ($HBAR), Maker ($MKR), Cosmos ($ATOM), and Arbitrum ($ARB) have fallen out of our parameters and have been removed from the structure.
Among existing assets, $BTC and $ETH have been rebalanced to 40% and 30%, respectively. The biggest other change was reducing the weight of Solana ($SOL) by 1.24%.
Is it October or Uptober?
Whichever one it is, we're happy to be here after an amazing September, our best month since activating this Strategy! Now we're most excited about how we enter 2025 with #altseason hot on our heels
HIGHLIGHTS & KEY UPDATES:
1. We out performed the top 10 most copied strategies.
2. Anyone on @ICONOMI can now affordably copy our strategy
3. WE SLASHED OUR FEES to 1.5% p.a. copy fee and 15% performance fee, effective as of NOW!
4. Our highest performing Asset for September was $CKB with over +100% gains, followed by $COTI with over +50% gains in the month. Our top 10 performing assets all posted over +20% gains. 🚀 🚀
5. $BTC only out performed 4 of our 22 portfolio crypto assets. The only asset to be in the negative was $MKR with -8%.
6. The following top 5 performing assets all above 30% gains >>> $ROSE, $INJ, $FET, $RUNE, and $SKL
Our long-term bullish bias remains unshaken, our asset allocation remains well diversified across various sectors of the crypto market and our main objective to outperform $BTC is a reality being lived in real-time.
$ETH remains embarrassingly behind our performance on all measures.
No entry fees, No exit fees... More for your pocket! 😎🤑💰
#MzansiCrypto - Growth you can see.
Actively administered by licensed CASP @LiquidCrypto and led by crypto market veterans who've been through all the market cycles.