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March 2024: norDL Monthly Performance Report

norDL Monthly Performance Report

🗓️ 10-Apr-2024

HODL, norDL Investors!

In March, the crypto market experienced a surge of positive momentum due to several promising factors.

One of the major reasons for this optimism was the upcoming Bitcoin halving event scheduled for April, which investors are eagerly anticipating.

As the halving date approaches, investors have become increasingly bullish, expecting it to result in a supply shock that has historically led to significant price appreciation.

This anticipation has fueled confidence and excitement among market participants, contributing to the overall positive sentiment in the crypto space during the month.

Moreover, throughout the month, we observed a series of positive developments across the cryptocurrency landscape. Institutional adoption continued to gain traction, with notable companies and financial institutions making strategic investments in Bitcoin and other digital assets.

Additionally, regulatory clarity in several jurisdictions provided further reassurance to market participants, fostering a conducive environment for innovation and investment.

Against this backdrop, market sentiments remained predominantly bullish, with optimism prevailing among both retail and institutional investors.

In March 2024, the crypto market experienced a solid performance, with a significant increase of +15.57%. Bitcoin, saw a commendable performance, rising by +14.10% during the month.

This positive momentum reflects the market’s resilience and potential for long-term growth.

Let’s check out the detailed performance of the Crypto Index Funds over the last month.

Performance of Crypto Index Funds:

Our Crypto Index Funds demonstrated varying degrees of performance in March, with returns reaching up to +17.31%.

Despite market fluctuations, our funds continue to provide opportunities for investors to diversify their portfolios and capitalize on market movements.

Check out the following graph to know each fund’s performance in March.

However, If we look at the overall performance for 2024, Crypto Index Funds have given positive returns of up to +63.20% in the last 3 months.

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

Investors on norDL continued to embrace the Dollar-Cost Averaging (DCA) method as an effective strategy to navigate market volatility and maintain consistency in their investment approach.

norDL Updates:

We’re happy to share that the norDL app is growing fast, and users are loving it too! We’re continually improving the app based on user feedback to make it even better.

Thank you for choosing norDL as your trusted partner in the world of crypto investments. We are dedicated to empowering you with the knowledge and tools you need to succeed.

HODL strong, and let’s 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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