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June 2024: norDL Monthly Performance Report

norDL Monthly Performance Report

🗓️ 10-Jul-2024

HODL, norDL Investors!

June brought challenges to the crypto market, highlighting the importance of maintaining a strategic and long-term investment approach.

In June 2024, the crypto market experienced a decline, with an overall correction of 11.11%. This market downturn underscores the inherent volatility of the crypto landscape and the need for diversification.

Bitcoin, dropped by 9.06%, while Ethereum dropped by 10.78% during the month.

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

Performance of Crypto Index Funds:

Our Crypto Index Funds showed different levels of performance in June as outlined below:

However, looking at the broader picture, the 6-month returns reached up to +45.61%. This long-term performance highlights the benefits of maintaining a diversified portfolio and staying invested over time.

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

While there were no significant market events in June, the ongoing adoption of the Dollar-Cost Averaging (DCA) method remains a prudent strategy for investors. This disciplined approach helps mitigate short-term market fluctuations and positions investors for long-term success. Incorporating Crypto Index Funds into your investment strategy can further enhance diversification and reduce risk.

Before we end the report, here are some quick tips to invest in crypto smartly:

  • Review and Rebalance: Regularly review your portfolio and rebalance as necessary to ensure your investments align with your goals and risk tolerance.
  • Educate Yourself: Continuously educate yourself about the crypto market, new technologies, and emerging trends to make informed decisions.
  • Secure Your Assets: Use two-factor authentication (2FA) and secure apps like the norDL app to protect your investments.
  • Avoid Emotional Decisions: Stick to your investment plan and avoid making impulsive decisions based on market volatility or short-term trends.
  • Stay Patient and Consistent: Understand that the crypto market can be highly volatile. Patience and consistency are key to navigating these fluctuations successfully and grow your portfolio in long term.

norDL Updates:

We are pleased to inform that we have implemented minor bug fixes and UI improvements to the norDL app, ensuring a smoother and more user-friendly experience for our growing community of investors.

Thank you for choosing norDL as your trusted partner in you crypto investment journey.

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

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.

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