Best MAM for MetaTrader4 and Metatrader5 presents: Cryptocurrency Heard for the Month – 15 May 2023
Since January 2, and as of May 15, 2023 our Cryptocurrency suggested portfolio is up on average 26.14%, versus 36.72%, in April 30, 2023.
Suggested Crypto-currency Portfolio Review
The following were our suggested entry price for:
Bitcoin (BTC): $16,526.92
Dogecoin (DOGE): $0.068
Polygon (MATIC): $0.76
Cosmos (ATOM): $9.33
Ethereum (ETH): $1,194.68
Binance (BNB): $244.97
Polkadot (DOT): $4.30
Tether (USDT): $1.00
Bitcoin (BTC) Current Price: $27,412.99 UP 65.87%
Dodge Coin (DOGE) Current Price: $0.07 UP 2.94%
Polygon (MATIC) Current Price: $0.87 UP 14.47%
Ethereum (ETH) Current Price: $1,829.46 UP 53.13%
Binance Token (BNB) Current Price: $315.44 UP 28.77%
Polkadot (DOT) Current Price: $5.40 UP 25.58%
Cosmos (ATOM) Current Price: $11.04 UP 18.33%
Tether(USDT): Current Price: $1.00 UP 0.00%
In the news, Bitcoin Crosses Crucial $27.2K Mark as Buying Support Weakens.
Bitcoin’s price has made a significant move by surpassing the crucial mark of $27,200, but the strength of buying support appears to be waning.
As Bitcoin continues its volatile journey, investors and analysts are closely watching the market for insights into its future price movements.
The recent breakthrough of the $27,200 level has generated both optimism and caution, prompting speculation about the sustainability of this upward momentum.
Michael Saylor Emphasizes Bitcoin’s Importance as a Valuable Asset in People’s Portfolios. He asserts that one of the primary motivations for people to hold Bitcoin is its moral imperative and its significance on a global scale. Alongside the more widely recognized features of Bitcoin that attract users, Saylor includes these justifications.
In his interview, Michael Saylor asserted that Bitcoin has the potential to provide hope and property rights to the eight billion individuals inhabiting the planet.
He believes that Bitcoin’s ability to offer digital property or digital scarcity to the entire global population through a mobile device represents a paradigm shift.
Saylor also expressed his belief that the increasing inflation is causing a crisis of trust in fiat money, banks, and the governing bodies overseeing them. He highlights the widespread loss of faith in the traditional banking system.
According to Saylor, people are turning to commodity money due to their diminishing confidence in conventional fiat currencies. He argues that commodities like Gold, Oil, and Property lack the necessary adaptability for seamless transactions among alternative options.
As a result, Bitcoin emerges as a commodity that serves as a crucial instrument for all types of transactions and offers a solution to the world’s expanding financial challenges.
These positive remarks from Saylor have contributed to Bitcoin’s recovery from its previous losses.
According to data from Glassnode, the number of BTC wallet addresses holding one bitcoin or more has surpassed one million.
The number of wallet addresses holding one or more Bitcoins has increased significantly, coinciding with a significant drop in Bitcoin’s price of over 65% throughout the year. The most notable increases occurred during a severe market crash in June and after the collapse of FTX followed by their bankruptcy filing on November 11.
Since early February 2022, when the price of Bitcoin started declining from its peak in November 2021, approximately 190,000 new whole-coiners have emerged. It’s important to note that one Bitcoin wallet address does not always correspond to a single individual, and the milestone of reaching “one million” addresses signifies a new record.
Many Bitcoin owners utilize multiple addresses, and significant organizations such as Bitcoin exchanges and financial companies also hold substantial Bitcoin holdings. This news has contributed to the gains of BTC/USD on Monday.
Before investing in any financial vehicle, please note diversification is key to any good investment strategy, and this holds true, when you are investing in cryptocurrency. Do not put all your money in Bitcoin, for example, just because that is the name you know or most hear on the street.
There are thousands of options, and it is better to spread your investment across several currencies. Hopefully, the following articles in the subject will help you make better investment decisions, when investing in Cryptocurrencies, which are in nature a speculative investment.
Until next article, wishing all of you wealthy trading!
Tags: Asset Management, Automated Trading, bitcoin, Cryptocurrency, mam, Money Management, Multi Account Management, PAMM