The Momentum Fund
Bitcoin has continued to range-bound trade over the past month. Momentum has clearly slowed as BTC's price has been flirting with the 100 Day Moving Average (DMA) over the last week. At the time of reallocation BTC is sitting at $10,141: below the 100 DMA ($10,515). As a result, we will be reducing half of the fund's allocation back to a stable coin for the first time since April. As BTC's price is stll above the 200 DMA ($8173), the remaining half will stay allocated to Bitcoin. As per our strategy, this pull back to 50% stable coin allocation is to protect the fund from any continued loss of momentum and fall in value. If Bitcoin regains momentum over the next thirty days (signalled by a cross above the 100 DMA) then we will return to having a full Bitcoin allocation.
You can see the full Momentum Fund strategy here.
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The Community Fund
Our newest fund pools the community's views on which two coins will perform the best over the subsequent thirty days. This month BTC and HOT were chosen to make up the fund and returned a health +10%. We have included all of the newly available assets on the Genesis Vision platform in next month's voting. Please be sure to vote for which coin you believe will perform the best in the month of October at the link below.
Voting for the October allocation is now open and can be found here.
Growth, Intrepid, Balanced & Defensive Funds
Our risk-staggered funds continue to perform strongly. Reallocation of all funds has now occurred. Most funds will maintain a decent allocation to Bitcoin and the high market cap alts, while some smaller altcoins will get exposure due to important upcoming events this month.
Thanks to everyone who continues to trust their funds with us, and cheers to another successful month!
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