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.
Tether (USDT), is a stablecoin developed by Tether Limited that has become a significant player in the cryptocurrency field. It provides a stable transactional medium and introduces the concept of stablecoin, which is crucial in a highly volatile market. The project was launched in 2012 and gained prominence in 2015 via Bitfinex. Today, Tether offers several stablecoins, each pegged to different assets.
Maintaining Value and Stability
USDT, often referred to as the digital dollar, aims to maintain a value equivalent to $1.00 USD, asserting that a dollar backs each token in Tether Limited's reserves. The Transparency page of Tether provides insights into the USDT tokens in circulation versus its total reserves, asserting a 1-to-1 pegging with the corresponding fiat currency.
Risk Factors and Considerations
When investing in Tether, it's important to be aware of the potential risks involved. These may include the lack of independent audits, potential delays in redemption and withdrawal, regulatory scrutiny, and market volatility. There is also a possibility that USDT could become de-pegged from its underlying asset, the US dollar, which could impact its value and stability.
The fastest, most convenient way to purchase Tether is to purchase it on ICONOMI. We check Tether live prices on 10+ crypto exchanges and buy it at the best market price.
You can buy Tether 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 Tether 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 Tether, 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 Tether in their structure.
Here you can read and comment on all posts made by Strategists about Tether USDT. See all Tether EUR price predictions in real time and make the best use of their crypto knowledge.
YESTERDAY'S EMERGENCY RESTRUCTURING EXPLAINED:
Yesterday we decided to dump $RUNE for $USDT due to the risks it faced because of it's lending services which became insolvent as the price of rune greatly underperformed the assets in the lending service.
This situation created a lot of confusion on social media and led to panic selling, as people feared that we'd see another Terra Luna type of crash. With our mandate being to act swiftly on verifiable threats to protect investor funds, we cut our losses on it which were just over 3% of the total portfolio.
It's worth mentioning that we still greatly believe in the $RUNE protocol which continues to function properly (swaps, LP, deposits & withdrawals) and it continues to be 1 of the most profitable protocols in the Blockchain space. We however understand that token price action is driven by market confidence.
Once (if) the team resolves the debts from the lending services and confidence returns with them giving us a solid way forward within the 90 days they've committed to, we'll likely add it back into our portfolio.
For now, we have just under 3% of capital waiting to be deployed into another project on our next restructuring & rebalancing which should be soon.
Thank you for your continued support, we shall continue to protect this portfolio while harvesting fruitful profits for you. #MzansiCrypto
EMERGENCY RESTRUCTURING:
We have had to conduct an unscheduled portfolio restructuring in order to remove an asset which we believe may be facing an existential threat.
In accordance with our mandate, we are to act swiftly to protect the portfolio when we identify a verifiable threat to a project we're exposed to.
We've successfully removed the asset and acquired $USDT with those funds. We'll redeploy those funds during our next restructuring.
More details about this operation will be shared soon, we surely do hope the threat is averted and the project survives.
$BTC looked very bad just yesterday.
Today is a whole different story.
All in all I still think the decision to move into $PAXG and $USDT was the right one considering we had a structural break lower.
Not only were $BTC able to reverse the sell-off it even managed to move above 95k - a resistance for the last 7 days.
I now want to see it hold above.
PPI today was better than forecasted so only CPI left to remove uncertainty from the markets.
Trump taking office could be another positive catalyst though only time can tell how much of this is already priced in.
Considering all of this Crypto is in a good place and once I see confirmation I will add strong coins like $IOTA, $AAVE, $SOL, $LTC.
What the fuck is happening man..
Can you address the rumor that the strategy was managed by a different person in the last year?
Crypto returns to work - DIGITAL VISION 4
Our first DigitalVision letter of 2025 is out now!
The holiday season often follows a familiar script for many of us. As the festivities begin, things tend to spiral out of control. By the time Christmas is over, you’re left feeling sluggish, stuffed with food, and unsure of the day, or if it even matters. Then January arrives, and like clockwork, motivation kicks in. Gyms fill up, routines restart, and life gets moving again.
If this sounds like your last couple weeks, you’re not alone. But what I’m really describing is the recent price action in crypto. Just as they say “charts are a mirror of human emotion”, this past week in the market couldn’t have proved it better.
As we step into 2025, we’re kicking things off with a packed edition of Digital Vision. From the latest developments in crypto regulation to standout projects primed to shape the year ahead, we’ve got you covered.
🚫Cryptoverse: EU bans $USDT, Michael Saylor rethinks Ethereum ($ETH )
🚅Digital Insight: $PENGU claims meme coin supremacy, DePIN contenders $PEAQ and $GRASS shine
🤑DVDealings: Updates for the Flagship and DigitalVision strategies.
Click HERE to read DIGITAL VISION
I Guess an update is needed