To help you keep on top of your allocation’s performance, we regularly publish reviews for HAL’s strategies. This article will provide an in-depth look at Wise: MATIC from June 23 to September 23.
What’s Wise: MATIC?
Wise: MATIC is a long-term strategy that trades on MATIC, the Ethereum token backing the Polygon Network. A daily signal triggers a buy or neutral decision – as all Wise strategies, Wise: MATIC is a long-only strategy that never goes short. It is designed to capture positive trends on MATIC, by exclusively taking part in market upsides and switching to neutral when the market starts to trend down.
How did Wise: MATIC perform?
The market is returning to low valuations on BTC and ETH, as a result of global economic turmoil and aggressive monetary policy. The Fed is rising interest rates to curb inflation, which further adds pressure to risky assets.
Wise: MATIC performance for the past 3 months is +34.25%. This is a clear rebound since the beginning of the year which has been rather neutral (+1.81% Year-to-date for the strategy) because of noisy volatility, showing no clear uptrend.
How did Wise: MATIC achieve this performance? Thanks to its long exposure, it partially benefited from the strong 82% rebound of the underlying asset between July 6 and August 16. It then turned to neutral on August 16, right before MATIC’s drop.
Wise: MATIC vs Underlying asset
MATIC token exhibited a strong resilience against the negative backdrop of the crypto markets, reaching a +20.02% performance over the last 3 months.
Wise: MATIC outperformed its underlying asset by 14.23%, as its performance for the past 3 months is +34,25%.
Investing involves risk, including the possible loss of all the money you invest. In particular, crypto-assets are a highly volatile and speculative asset class. HAL is only suitable for traders who are willing to bear the risk of loss and experience sharp drawdowns. Past performance is not necessarily a guide to future performance.
The purpose of this material is to provide objective, educational and interesting commentary and analysis on developments in the crypto-assets sector. Nothing in this material should be interpreted as constituting an offer of (or any solicitation in connection with) any investment products or services by any member of the CoinShares Group where it may be illegal to do so. Access to any investment products or services of the CoinShares Group is in all cases subject to the applicable laws and regulations relating thereto.