- Solidum Prime (SOPR) — Weekly Report 12 March
Solidum Prime (SOPR) — Weekly Report 12 March
The investment committee did not make any changes to the portfolio last week. Solidum Prime maintains to hold 26 equally weighted digital assets. We are continually monitoring and re-evaluating our current holdings, as well as, any new assets added to the ICONOMI platform.
We issued a portfolio rebalancing request today. OmiseGO, Monero, and Storj exceeded their target allocation by more than 25%. At the same time Status, Steem and 0x fell short of their target allocation for more than 25%.
Fear crawled back to the crypto market this week as the total market capitalization plunged to $342 billion on Friday, representing a decrease of 28% from the Monday’s high. However, this week’s low remained substantially above the level of $276 billion that the crypto market reached on February 6. The market cap recovered to $390 billion by the end of the week. Bitcoin and Ether closed the week at $9,579 and $723 respectively.
An alleged “Binance hack” might have contributed to this week’s market dive with users claiming unauthorized trades on their accounts on Wednesday. The exchange was actually not hacked, but some users were victims of a carefully coordinated phishing attack. We suggest all crypto market participants to practice extreme caution at all times.
Join our Telegram Group for up to date information about Solidum Prime, and active discussion with the community. You can also find more information about our DAA in the Solidum Prime fact sheet. Visit Solidum Prime page on the ICONOMI platform for live information about our DAA.
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- Date of publication:
- Mon, 03/12/2018 - 11:28
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