The Radar Fund
The Radar Fund is an actively managed portfolio of crypto-assets. Presently there are 93 company tokens within the Fund plus three crypto currency assets in the form of Bitcoin, Ethereum and LiteCoin. The investments in crypto-assets began in 2014, and in 2019 the Radar Fund was formed to hold these Crypto-assets. On a daily basis decisions are made to increase or decrease individual holdings, and to add new holdings when business initiatives are found to have promise for future success.
May 8, 2020 Radar Fund Share Price since inception
The Radar Fund is not equally weighted. Investments are allocated to the most promising projects to maximize returns. Comparing the Radar Fund performance to the equally weighted portfolio reveals that the Radar Fund has a Y-T-D positive return of 45.39% whereas the equally weighted portfolio has a Y-T-D return of 25.45%.
May 5, 2020
The currencies of BTC and ETH are trading in a narrow range. The broader market is quietly moving from a weak position relative to the currencies, to a less weak position. What do I mean by this?.
For the past three days, the 93 company tokens have moved, on average, higher than the currencies.
The best performer over the past seven days is Travala (AVA). AVA is an interesting play in the Blockchain world. They are a travel and hotel booking platform that enables reservations and then payments in crypto-currencies. They have been a growth story, but were knocked down as were all travel related platforms from the CoronVirus. They are based in Asia, and as Asia appears to be the leader back into economic activity, their price has recovered with the expectation that vacation and business travel will improve. Please note that the AVA token only trades in the $100 thousand area per day. Right with them is Chiliz (CHZ), a sports platform focused on European Football and Fan engagement for individual teams. CHZ’s volume has exploded higher over the past two days, more than doubling in size to $12 million in tokens traded per day.
Another token to keep a watch on is Zilliqa (ZIL). There price has performed better than the currencies for six straight days and the volume over the past two days is 2X to 4X higher running between $30 million and $60 million from the prior levels of $15 million.
The weakest performer over the past seven days remains LINK. I am puzzled by this. Volume is over $300 million per day. The price is simply treading water to the downside. I will take a deeper look here as it does not make much sense to me.
What have I found? Over the past seven days, LINK is down .3285% vs the currencies used to buy LINK within the Radar Fund. The nice thing to see below is that the number sequence from left to right, after the (.3285) seven day total %, is that the past two days have shown a positive move against the currencies vs the prior five day negative moves. Could this be the start of a rebound higher in the price of LINK? Stay tuned…………
LINK (0.3285) 0.0063 0.0285 (0.0152) (0.0193) (0.0189) (0.1315) (0.1784)
ETH continues to build a solid foundation across many metrics. Will the price curve be validated with a continued rise in ETH’s price?
