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Re⚖️Balance & Pivot Update
This is a sizeable one. Removed many assets that could come under heavy regulatory scrutiny or become entangled in the FTX contagion.
Moonity saw $XMR showing immense strength amidst the chaos and it seems like the best non freezable digital asset hedge (since DAI is not available for almost a year now on iconomi).
Why Moonity increased $ADA
"Hydra Payments" (a L2 for micro payments, utilizing the Hydra protocol stack) was announced for Cardano to be rolled out end of this year. This is ushering in the DeFi era on the blockchain; together with the first stable coin to be released end of this or beginning of next year.
Stay happy & mindful🙏
❇️ Hugh Math Index Fund for Nov 2022
72.53% of Total Market Cap ($740.63 bn)
Number of Constituents (30)
❇️ Overall Portfolio Composition (%)
🔰 Coins 86.47 %
🔰 Tokens 13.53 %
❇️ Top 10 Holdings (67.60% of Total Assets)
❇️ Sector Weightings (%)
🔰 Blockchain Infrastructure (62.02%)
🔰 Currency (27.93%)
🔰 DeFi ( 3.85%)
🔰 GameFi (2.54%)
🔰 CeFi (2.08%)
🔰 Blockchain Service (1.58%)
This structure change will be automatically executed on the client's Bitcoin Crypto Assets DAA accounts.
✅ GoldHorn Venture reviewed $WAN exposure case. Structure rebalanced.
New platform on ZooEcosystem is rolling out Play2Earn (P2E) MultiBattle Cart game. Supported by In-Game #NFT characters (ZooGenes: HERE). Beya v2 release soon HERE with State-of-the-Art mirror addresses.
THE ZOO ECOSYSTEM is building a future where community borders are removed and all players from all chains can battle for a common goal: LIMITLESS ENTERTAINMENT.
Removed $AVAX from our portfolio. After looking into the current scandal and legal issues looming with this project I don't think the risk is worth it and better investments can be found.
With the move for ETH to POS, more focus will go to it's technical possibilities and likely scaling solutions.
For the portfolio that I'm building these are ''good times''.
This week I have bought just below our average, and that's the only positive note we can draw from this price action.
These are the average prices for the assets that I have bought;
$BTC = €22891
$ATOM = €9
$SOL = €36.23
$ETH = €1672
$LINK = €6.68
$AVAX = €20.23
$ADA = €0.47
$BNB = €235
If we compare this to the portfolio picture we are 4 in the green and 4 in red.
To be honest I'm pretty happy about this, our first $BTC buy was around €29K so we have come a long way from that.
If this truly is the bottom these buys will be really profitable in the future.
I wish you all a wonderful week, and see you next update.
Secondly, Bitcoin again entered our buy zone based on the MVRV ratio measuring the profitability of traders
Therefore, we decided to rebalance the structure back to its original weights and buy more crypto here. Historically speaking, this was a great area for dollar cost averaging into the market$BTC $ETH $USDT $BNB $SOL $AVAX
Lowered $BTC to 15%. Higer risk / reward and more exciting developments coming for POS crypto then POW. Think the current energy crisis can not be good for Bitcoin and will actually help POS projects.
Fantastic video to watch if you want to learn more about the Ethereum move from POW to POS: https://youtu.be/EEuPmA8w0Kc