Cryptocurrency Heard for the Month: 15 April 2023
As of April 15, our 2023 Cryptocurrency suggested portfolio managed to be up 45.44% average ROI, versus 32.85%, in March 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: $30,448.34 UP 84.23%
Dodge Coin (DOGE) Current Price: $0.089 UP 30.88%
Polygon (MATIC) Current Price: $1.15 UP 51.32%
Ethereum (ETH) Current Price: $2,093.84 UP 75.26%
Binance Token (BNB) Current Price: $329.86 UP 34.65%
Polkadot (DOT) Current Price: $ $6.68 UP 55.35%
Cosmos (ATOM) Current Price: $12.30 UP 31.83%
Tether(USDT): Current Price: $1.00 UP 0.00%
In the news, Solana Labs, the company behind the development of the smart-contract-enabled, high-performance Solana blockchain, will launch its crypto-integrated Android mobile phone on the 8th of May has failed to boost the Solana (SOL) price on Friday.
After hitting fresh highs since mid-February in the mid-$25s per token earlier in the session, SOL was last changing hands just above the $24 level, down a little over 1.0% on the day.
Solana’s web3-focused mobile is called Saga and pre-ordered devices are already being shipped. The highs specification phone will costs around $1,000 and duplicate as a hardware wallet.
The modest pullback in the SOL price comes back after Bitcoin and Ether also fall back slightly from multi-month highs hit earlier in the session above the $31,000 and $2,100 levels respectively.
Major cryptocurrencies have been performing well recently, with Solana still up over 14% this month and the likes of Bitcoin and Ether also nursing impressive recent gains.
Friday’s pullback should thus be viewed as little more than some short-term profit-taking.
Investment Diversification
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!
Disclosures: The cryptocurrency market is highly volatile, so be prepared for ups and downs. Investors may experience dramatic swings in prices. Investors, who do not have high risk tolerance, cryptocurrency might not be a wise choice of investment. Cryptocurrency is all the rage right now, but investors should remember, it is still in its relative infancy and is considered highly speculative. Investing in something new comes with challenges. Investors, who plan to invest in Cryptocurrency should do their own research, and invest according to their risk tolerance.
Tags: Asset Management, Automated Trading, bitcoin, Cryptocurrency, mam, Money Management, Multi Account Management, PAMM
