Monthly Structure Change 2023-10
✅ Added $MKR
❎ Removed $CRO
🔄 Rebalance Turnover 2.18%
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.
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🤟 Rebalancing Info 01.10.2023 🤟
Strategy Performance September: +5% 👍
Winner September: $LINK +36% 🚀
Loser September: $SHIB
Every month I rebalance the strategy back to 4% each of the Top25 crypto coins without Stablecoins or wrapped Token.
There has been 1 change in the Top25:
1x Out: $CRO
1x New: $MKR
Everything is rebalanced back to 4% each.
🤟 www.crypto-index-25.de 🤟
In a surprising turn of events, Binance has chosen to exit the Russian market. This decision closely follows reports suggesting an investigation by the U.S. Department of Justice over potential sanctions violations.
On a different note, MakerDAO has been in the spotlight with $MKR token's impressive 15% surge over a week. An uptick in the number of MKR tokens held on centralized exchanges hints at possible price volatility, potentially due to increasing investor interest.
Unlock the Power of Choice: Single Asset Investments for Customised Diversification
We've added 22 new assets you can buy directly outside of a Crypto Strategy. Now, you can expand your portfolio by purchasing individual digital assets outside of these Strategies, giving you more direct control over your investments. In case you are copying a Strategy but want to invest in a specific coin, for instance, Dogecoin 🐶, you can now buy Dogecoin or any other digital asset in the same way as you would buy Bitcoin—with just a few clicks!
These are the new assets you can buy directly: $AAVE $APT $AVAX $BNB $SOL $UNI $VET $DOGE $DOT $EGLD $FIL $GRT $HBAR $ICP $LDO $MATIC $MKR $NEAR $OP $QNT $SAND
Reason for big shift in portfolio structure:
$ATOM was one of the best L1 performers of the bear cycle in 2022 & it was our main holding. Sure we felt the pain but we outperformed overall the market. Recently we dumped $ATOM . Reasoning is simple.
Most L1's got hit extremely hard in bear cycle --> most suffered more than 90% loses
$NEAR was heavily impacted due to VC & Institutions like DCG have had big positions in it & they had to liquidate assets due to bankruptcy of their subsidiary Geneis. NEAR PROTOCOL is already live with sharding, has one of highest developer activity, very strong treasury and one of the biggest support from VC Firms. Seeing it down nearly 90% from ATH is a perfect point to enter.
$RUNE is extremely complicated to explain in 1 sentence so we will summarise it.
Thorchain is a crosschain DEX agregator. It works like a liquidity blackhole for entire crypto space. Offers self custory, directly from your hardware wallet, beeing able to swap to any chain, take a loan, earn yield etc... And best part it's part of $ATOM Ecosystem. Once liquidity and high volumes return to crypto so will $RUNE's price. Recently biggest & most trusted wallet providers have implemented or have announced they are implementing $RUNE in it's backend (TrustWallet, Ledger,...)
We'll say it in a simple way: YOU WILL USE $RUNE & YOU WILL BE HAPPY WITHOUT KNOWING YOU ARE USING IT. With THORCHAIN there is no more need to CEX's like Binance, Coinbase etc... 😉
$MKR Is the 2nd biggest protocol on Ethereum and biggest decentralised stable coin project
$DOT Is a crosschain L1 protocol that fullfils our multichain thesis.
We believe some of our picks will outperform $BTC heavily in following weeks. $ATOM has lately alot of drama in governance so we have exited it due to risk reward. We believe our picks are primed for a heavy run to the upside.
Maker (MKR) price history shows the highest value of 4,971.94 EUR . We recorded this price on May 4, 2021, but we cannot exclude that a higher price was registered before August 9, 2019.