SnowBall Adaptive Momentum

Welcome to the SnowBall Adaptive Momentum Fund!

Fund is completely Quant-driven based on the following rules:
- Top 15 Coins chosen based on recent Momentum
- Optimization run to Minimize expected portfolio volatility (using 90-day covariance matrix)
- Max coin weight 15% / Min Weight 3%

For more information on the above portfolio strategy search online for"Adapative Asset Allocation"😎🚀

Latest rebalance largest holdings: $NEAR, $HBAR, $CRO. Many of new holdings up >30% since rebalance yesterday!

Latest rebalance largest holdings: $EGLD , $WAVES , $QNT , $USDC , $NEAR . Short-term momentum in small-cap coins, especially in NFT space e.g. $MANA , $ENJ , $SAND .

Latest rebalance largest holdings: $ADA , $WAVES, $XLM , $EOS , $DOGE, $RVN .

Latest rebalance largest holdings: $EGLD, $BTT, $DCR, $SOL, $TRX.

Sold out of USD position as the market seems to be moving in a more aggressive direction with smaller coins outperforming lately.

Latest rebalance largest holdings: $BNB, $DCR, $ADA, $UNI, $MKR.

Defensive positions, $USDC and $BTC, have been sold off as the market slowly recovers from the latest sell-off.

Latest rebalance largest holdings: $USDC, $SOL, $ADA, $AAVE, $KSM

$BTC continues to underperform in the short-term.

Have switched $USDT to $USDC following Tether's first disclosure of their reserve breakdown. It showed that 49% of USDT is backed by "Unspecified Commercial Paper" which is concerning as it has credit risk and could be illiquid.

2/2
Elon & Tesla seems to be flip-flopping w.r.t. BTC: "Tesla has suspended vehicle purchases using Bitcoin. We are concerned about rapidly increasing use of fossil fuels for Bitcoin mining"... "We are also looking at other cryptocurrencies that use <1% of BTC's energy/transaction".

BTC looks to be underperforming coins which might benefit from the above: $ETH, $ADA, $DOT, $SOL

1/2
Latest rebalance largest holdings: $USDT, $XMR, $SOL, $ADA, $ETH.

Market is in risk-off mode after the latest US inflation numbers came in a lot worse than expected yesterday (4.2% YoY vs 3.6% exp).Higher inflation means the odds of an earlier US rate hike increase.