$SRM is oversold on daily time frame so I'm waiting for a good run in short time!
The Eigernord portfolio pursues a long-term strategy. The circa semi-monthly rebalancing was performed on 12/3/2021 according to the following principle: The trend strength/performance of each cryptocurrency in the portfolio over the last period (~15 days) 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 dropped from the portfolio. The best performance of the last period was achieved by Sandbox $SAND with a whopping plus of 65% followed by Terra $LUNA with 40%. Terra $LUNA is now the weightiest currency at 8.5%. The monthly return on Dec. 3, 2021 is about -9%. The three-month return is about 8%. Due to underperformance (<0.75%) the following currencies were removed: Litecoin $LTC , Serum $SRM, Synthetix $SNX. The portfolio consists of 42 currencies in total.
Morning guys! The market is looking quite solid! $BTC is bullflagging (see chart) and ALTS are popping up like crazy.
Especially the last one is going into price discovery and then you simply don't know how high it can go.
Good evening! I just checked a list with more then 50 top ALTS and there are a couple of outliers, that look ready for another leg up.
Therefore they are added to the portfolio.
The portfolio still concist of $USDT in case we go deeper. In case we just spike down, and then up again, we are now exposed to some real potential winners.
$BTC is still doing well, reliably printing higher lows.
Alts didn’t even give a proper relieve rally, so I’m cutting exposure again and diversifying a bit more. I still expect them to suddenly pop sometime in the future and don’t want to be completely sidelined.
One alt I’m particularly optimistic about is $SRM. A rapidly growing orderbook based dex on the Solana blockchain. Price action has been pretty disappointing though.