Will Moonvenber Follow Uptober? | October Solidum- NORD Quant Fund Monthly Report

Nord Advisory aims to provide DeFi investors with a wide range of advisory services at their fingertips to grow their capital. A few months ago, We partnered with Solidum Capital to provide investors with a diversified investment strategy. Solidum Capital’s Quant strategy utilizes a dynamic quantitative hedging mechanism to get the best risk-adjusted returns for investors.

We want to keep investors on our platform updated with the performance of Solidum Capital’s strategy. The experienced fund managers at Solidum capital have released the following October month’s strategy report to help investors gauge their fund performance with Solidum Capital’s quant strategy.

Solidum Capital Management Commentary:

In October, the crypto market exhibited a positive trend, however, with increased volatility. At the start of the month, the crypto market capitalization was just shy of $2 Trillion ($1.92T). It gradually appreciated throughout October and ended the month at $2.6 Trillion, recording a 31.42% increase during the previous month.

Bitcoin started the month at $43.8k, and in the first three weeks, reached its all-time high of $67k, recording a 53% gain. Given its monthly performance, it’s no surprise Bitcoin’s dominance of the market also increased from 42.58% at the start of October to 44% by the end of the month. If Bitcoin surpasses the previous ATH in the coming days, we anticipate a burst in price appreciation (for BTC and Altcoins), followed by a “cooling-off” period.

As mentioned, the market was more volatile in October, especially at the beginning of the month. That is why we started the month hedged in stablecoins (USDC), in order to protect the portfolio from any downside. As the market started to appreciate, we gradually re-invested the assets, and by the end of the month, the portfolio was fully allocated among Bitcoin and Altcoins. The strategy recorded a positive monthly performance of +9.96% in October.

About Solidum Capital

Solidum Capital comprises a team of professionals from the traditional asset industry, management industry, private equity, venture capital and information technology. The team has developed substantial expertise in crypto-asset allocation and investment selection.

About Nord Finance

Nord Finance is an advanced decentralized financial ecosystem designed to simplify DeFi investing by bringing key features of traditional finance to the DeFi ecosystem. NORD Finance is built on Ethereum Network. Multichain interoperability of NORD Finance powers a plethora of financial products, which constitute savings, advisory, loans against assets, investment/funds management, and swaps.
Nord Finance aims to create safe, simple and intuitive DeFi products for investors to achieve their financial goals.

Socials

Website | Telegram | Telegram Announcement | Twitter

--

--

--

An Advanced Decentralized Finance Ecosystem

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

How Goldman’s Bitcoin Bid Could Change Industry?

How to choose the perfect moment to buy Bitcoin: 3 methods

Hash Rush Update — Playtest and Vorto Network Store Information

Road To IEO

A task force on cryptocurrency regulation to be formed in Hawaii

🌐 TIRUS NEWS 🌐

Inside The Dirty World Of Bitcoin

CHINA and CRYPTO

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Nord Finance

Nord Finance

An Advanced Decentralized Finance Ecosystem

More from Medium

Nord Staking V3 launch with $KRIDA Staking Program

December 2021 — Verus Monthly Recap

Weekly Market Wrap — December 3, 2021

Crypto Quantum Leap