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HODL, norDL Investors!



August was a challenging month for the crypto market, with a global market selloff impacting both traditional and digital assets.



In August 2024, the overall crypto market experienced a decline of 11.11%. This downturn reflects broader market trends, as global financial markets faced significant selling pressure, leading to a ripple effect in the crypto space.



Bitcoin, the leading cryptocurrency, saw a decline of 8.91%, while Ethereum faced a more substantial drop of 21.20%. These movements underscore the interconnectedness of the crypto market with the broader financial landscape.



Let’s explore the detailed performance of the Crypto Index Funds over the past month.



<h2 class="wp-block-heading">Performance of Crypto Index Funds:</h2>



Our Crypto Index Funds experienced varying returns in August, ranging between a decline of 11.85% and 19.21%.



Despite this short-term dip, the 2024 returns still show resilience, with some fund achieving up to +31.08%. This highlights the importance of maintaining a long-term perspective and staying committed to a diversified investment strategy.



Check out the following graph to know each fund’s performance:



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There were no significant crypto-specific events driving the market in August; rather, the decline was largely due to a broader selloff in traditional markets. This event serves as a reminder of the inherent volatility in the crypto market, often influenced by global financial trends.



While short-term volatility can be unsettling, it’s crucial to maintain a long-term investment mindset. Here are some strategies to consider:



Tips to Tackle Short-Term Volatility in Crypto Investments:



<ul class="wp-block-list">
<li>Focus on Long-Term Goals: Short-term market fluctuations are part of investing, especially in the crypto space. Keep your eyes on long-term goals and avoid making impulsive decisions based on temporary market movements.</li>



<li>Diversify Your Portfolio: Spreading investments across different cryptocurrencies and asset classes can help mitigate risk. Diversification ensures that downturns in one area don’t overly impact your overall portfolio.</li>



<li>Dollar-Cost Averaging (DCA): Continue using the DCA method, investing a fixed amount regularly. This approach helps smooth out the effects of market volatility and reduces the impact of timing the market.</li>
</ul>



<h2 class="wp-block-heading">norDL Updates:</h2>



The norDL app received minor updates in August, including bug fixes to enhance your experience. We are committed to providing a seamless and user-friendly platform for managing your crypto investments.



Thank you for choosing&nbsp;<a href="https://play.google.com/store/apps/details?id=com.nordl.app">norDL</a>&nbsp;as your trusted partner in you crypto investment journey.



HODL strong, and let’s continue to embrace the future of crypto investments together!



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Disclaimer: Crypto is a volatile and slightly risky asset due to its novel nature. Please Consult your financial advisor to allocate appropriate funds to invest in crypto assets apart from your traditional investing.



Follow us to join the smart Crypto Investor Community on norDL:



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