Solidum Prime (SOPR) — Weekly Report 8 April 2018

PORTFOLIO CHANGES

The investment committee did not made any changes to the portfolio last week. Therefore, Solidum Prime maintains 26 equally weighted digital assets in the portfolio.

PORTFOLIO REBALANCING

There were no rebalances in the last week.

MARKET COMMENTARY

Last week was quite a positive one. The total crypto market capitalization appreciated by 5.53% and ended the week at $267 billion. Bitcoin and Ether followed the same pattern. BTC appreciated by 4.44% and ended the week above the $7.000 mark, while ETH rebounded for 6.63% to end the week above the $400 mark.

The latest developments display several signs that the market correction has ended. One example: the crypto market was unperturbed by the India’s central bank ban on crypto activities. In a less volatile market, investors are less prone to make instinct irrational decisions. Also interesting was the decision by the Soros Fund Management, a family office with $26 billion of assets under management, to start investing in cryptocurrencies. A growing number of institutional investors is preparing to enter the market which should help drive the demand in the following months.

Solidum Capital offers easy and proven cryptocurrency investment solutions for both, beginners and experienced investors.
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DISCLAIMER: This article is for informational and discussion purposes only and does not constitute a marketing message, an investment survey, an investment recommendation, or investment advice. The article was prepared exclusively for a better understanding of market dynamics.