The open-source, decentralised, and distributed cryptocurrency known as Ethereum Classic coin is an extension of the Ethereum platform. It was co-developed by the Ethereum Foundation and Vitalik Buterin, and it was initially referred to as Ethereum. It was created in 2015 following the DAO hack. Unlike Bitcoin, Ethereum allows people to perform smart contracts without requiring a central authority. Ethereum Classic price fluctuations affect the cost of execution of smart contracts. Ethereum Classic functions by managing accounts and balances in a system called state transitions. All applications are fully cross-compatible between the Ethereum Classic and Ethereum Foundation networks.
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🤟 Rebalancing Info 01.08.2022 🤟
Strategy Performance July: +42%
Winner July: $ETC +151%
Loser July: $DOGE +7%
Every month I rebalance the strategy back to 4% each of the Top25 crypto coins without Stablecoins or wrapped Token.
1x New: $FIL
24x Rebalanced back to 4%
1x Out: $VET
🤟 www.crypto-index-25.de 🤟
Eigernord pursues a long-term strategy. The circa monthly rebalancing was performed on 4/1/2022 according to the following principle: The trend strength/performance of each cryptocurrency in the portfolio over the last period is taken as a basis and the weighting (strategy) of each asset is adjusted up or down accordingly (rounding +/- 0.25%). Cryptocurrencies < 0.75% are removed from the portfolio. The best performance in the last period was achieved by Thorchain $RUNE with a whopping gain of 220%, followed by VeChain $VET and Ethereum Classic $ETC with around 65%. Terra $LUNA continues to be the weightiest currency at 15%. The 3-month return on April 1, 2022 is around -15%. The 6-month return is around 7.5%. The following assets were removed: Fantom $FTM, Dogecoin $DOGE,
The portfolio consists of a total of 41 assets.
Ethereum Classic (ETC) price history shows the highest value of 137.50 USD . We recorded this price on May 7, 2021, but we cannot exclude that a higher price was registered before November 29, 2017.