Cryptocurrency
Trakx Solutions: Crypto Indices & Advanced Crypto Trading Strategies
If you’re looking for more advanced crypto trading strategies, you’re in the right place, fortunately! Trakx, the leading provider of crypto index strategies, has just announced its new Trakx Solutions program. Institutional investors, DAOs, communities, influencers, retail traders, and investors are invited to create new advanced crypto trading strategies with their tech and scalable infrastructure, managing the whole lifecycle of the index. So, what are Trakx Solutions? And what do they allow for?
Trakx Solutions allows you to create customized baskets of cryptocurrencies, and you can choose the components, their weighting, and the automated rebalancing strategy. It allows for easy diversification, passive control, sound risk management, and, most importantly, peace of mind. That’s not all. Institutional crypto investors, exchanges, and financial brokers can create the most advanced strategies (alpha, beta, and smart beta strategies) based on momentum, sector rotation, or similar advanced strategies. The possibilities are endless with Trakx Solutions.
Trakx Solutions: Providing Advanced Crypto Index Strategies
Trakx already provides a wide range of crypto indices called Crypto Tradable Indices (CTIs). Each crypto basket is made of components selected by theme, specific crypto, or investment strategy. For example, some of the most traded are the AI, the RWA, the Memes, and the BTC Momentum CTIs. But how do you create a custom crypto index fund with Trakx Solutions? First, let’s understand how a crypto index works.
1. Select the Components of the Crypto Tradable Index
The first step is to select the cryptocurrencies of the crypto index. Also here, the possibilities are unlimited, as for some strategies you might prefer single cryptocurrencies, like the BTC Momentum CTI, while for others you might prefer multiple cryptocurrencies, for example with a possible Top 20 Crypto Index.
2. Choose the Weight of Each Component
The second step is to choose the crypto index fund’s weighting. Basically, you have to select the percentage of each component. There are various weighting models. For example, you can choose an equal weighting, a market cap weighting, a custom weighting, and more.
3. Choose the Rebalancing Model
The third and final step is to decide on a rebalancing strategy. Generally, most of Trakx’s Crypto Tradable Indices (CTIs) are rebalanced on the last day of the month, but you can choose whatever rebalancing method you prefer. In fact, the BTC Momentum Crypto Index, for example, is based on smart beta investing strategies and created to limit risks and seize market opportunities. It means that it automatically increases and decreases exposure to Bitcoin based on market trends.
A Practical Example
Let’s imagine your company wants to invest in crypto, creating a portfolio composed of Bitcoin (50%), Ethereum (30%), and Solana (20%). It’s an example, but you would need to create various wallets, make multiple transactions, pay fees, open an account also on a traditional exchange, rebalance the portfolio periodically (the standard is once a month), and more. With Trakx Solutions, the only thing you need to do is to answer the following questions:
1) What are the components of the crypto index fund?
2) What is the percentage of each component?
3) How would you like to rebalance the assets?
How to Start with Trakx Solutions?
The Trakx Team is always available to create new crypto index funds for various partners, so let’s examine in more detail how to proceed with Trakx Solutions.
1. Institutional & Businesses – Customized Crypto Index Solutions
Specifically for institutional and financial brokers that already have their own advanced crypto investing strategy, Trakx provides customized solutions. Some strategies, as they do in their partnerships with Martial Eagle and OpenTrade, are recreated by copying the NAV through API. You can choose to keep the crypto index private only for your clients or make it public and tradable also on the Trakx platform. Contact Trakx to start collaborating together.
2. Influencers & Communities – Crypto Index Manager Tool
If you are an Influencer, a DAO, or a Community, and you don’t already have an advanced strategy, Trakx can help you to build your first one, allowing you to create your own non-discretionary advanced crypto trading strategy available to your followers or community members. With their Crypto Index Manager Tool, you can create a new customized crypto index fund, implementing an advanced crypto index trading strategy and sound risk management. In this case, you can contact the Trakx Team through their website and create crypto index funds for your community.
What are the Benefits of Crypto Indices?
Trakx’s crypto indices, called Crypto Tradable Indices, have various competitive advantages compared to traditional single investments in specific cryptocurrencies with multiple crypto wallets and intermediaries or compared to the new Bitcoin and Ethereum ETFs. What are the competitive advantages of crypto index trading?
- Easy diversification: Buy a basket of cryptocurrencies with a single click and a single wallet
- Sound risk management: Decrease the risks of potential collapses of single cryptocurrencies. In Web3, they are sadly common.
- Highly Compliant: Trakx is registered with the French AMF & ACPR, and it is one of the highest-compliant platforms in Europe.
- Best Practices in Security: The underlying assets are stored in the best custodians, such as Fireblock and Coinbase.
- Tradable 24/7: Unlike crypto ETFs, Crypto Tradable Indices are available at all times, anywhere, and without interruption.
- Passive Management: Deciding on an automatic rebalancing strategy can give you peace of mind and rational management.
- Advanced Crypto Trading Strategies: Implement the most sophisticated crypto investing strategies with Trakx Solutions.
About Trakx
Trakx is a global Fintech company that is setting new standards for crypto investing. With Trakx Solutions, they can provide both Institutional investors and communities with the most advanced crypto investment strategies, creating a more inclusive and fair industry. Crypto Tradable Indices are the ultimate frontier in investing, and Trakx Solutions allows everyone to create their own non-discretionary advanced crypto trading strategies. In this way, they’re bridging the gap between Institutional brokers and communities, between traditional finance and DeFi.
Disclaimer: The above article is sponsored content; it’s written by a third party. CryptoPotato doesn’t endorse or assume responsibility for the content, advertising, products, quality, accuracy, or other materials on this page. Nothing in it should be construed as financial advice. Readers are strongly advised to verify the information independently and carefully before engaging with any company or project mentioned and do their own research. Investing in cryptocurrencies carries a risk of capital loss, and readers are also advised to consult a professional before making any decisions that may or may not be based on the above-sponsored content.
Readers are also advised to read CryptoPotato’s full disclaimer.
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Post-Christmas, the cryptocurrency market turned red, with most assets suffering heavy losses. Tron (TRX) is not immune to the downturn. Earlier this month, the asset reached a new peak and reclaimed the 10th spot by market cap, which sparked a renewed sense of hope in the community.
But the latest pullback extended its losses. As a result, TRX is down by over 43% from its recently established all-time high of $0.43 to the current price level of $0.25. However, data points to the formation of a local bottom soon.
TRX Nearing a Turning Point?
CryptoQuant’s analysis of TRX’s price heatmap revealed that the green trend, represented by the one-year moving average plus two sigma, could serve as a crucial support level during the current market correction.
Historically, this green trend has acted as a strong foundation during bull rallies, and it is anticipated to provide similar support, potentially marking a local bottom for TRX’s price.
The current levels for the green, purple, and blue trends are $0.23, $0.40, and $0.49, respectively. These levels are dynamic and will likely adjust upward with increased interest and demand. As the market heats up, attention should be given to the purple and blue trends, which may act as resistance zones. If TRX price stays above the green trend, it could signal the start of a new upward trend.
On the other hand, CryptoQuant warned that a drop below the green trend might indicate a weakening bull cycle. As demand strengthens, Tron’s price could target the purple and blue trend levels, with a breakthrough above the 0.40 level offering strong market confidence.
What’s Next For Tron?
Earlier this month, TRX’s rally was driven by speculations about Grayscale listing and Tron founder Justin Sun’s initiatives, including a $30 million purchase of WLFI tokens tied to Trum’s project and his advisory role. Sun’s involvement with the artwork “Comedian” has also engaged the community, igniting ripple effects for tokens like BAN and related projects.
Despite the latest setback to the rally, experts point to a moderately favorable year ahead for the asset. CoinCodex, for one, predicted that TRX could see a modest 2.93% price increase to $0.264 by January 24, 2025. The sentiment remains neutral, while the Fear & Greed Index reflects high optimism at 73 (Greed).
TRX has demonstrated 50% green days and 17.17% volatility over the past month, thereby indicating active market participation. Analysts view this as a good buying opportunity, with expectations of a short-term peak of $0.268 on December 30, 2024.
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Cardano is one of those crypto assets that has closely followed Bitcoin in terms of price action and is currently experiencing a pullback similar to BTC.
By Edris Derakhshi (TradingRage)
The USDT Paired Chart
On the USDT-Paired chart, the asset began its aggressive rally at the beginning of November, breaking the 200-day moving average to the upside. Since then, multiple resistance levels have been broken, but the $1.2 level has rejected the asset on a couple of occasions.
The market’s failure to continue beyond the $1.2 level has led to a correction toward the $0.75 support zone, successfully preventing a deeper decline. If this level holds, it could only be a matter of time before ADA climbs above the $1.2 mark. Yet, a breakdown of this area could result in a drop toward the 200-day moving average, located around the $0.5 level.
The BTC Paired Chart
On the ADA/BTC daily chart, it is evident that Cardano has outperformed Bitcoin during the recent crypto rally but is also depreciating against BTC on a broader scale. With the 1,000 SAT support level being almost broken to the downside, it is likely for the ADA/BTC chart to decline toward the 200-day moving average, located around the 700 SAT mark.
Therefore, as the chart suggests, it is probable that BTC will outperform ADA in the coming weeks.
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Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.
Cryptocurrency charts by TradingView.
Cryptocurrency
Bitcoin Price Analysis: BTC Risks Dropping Toward $80K if it Fails to Reclaim $100K Soon
Bitcoin has failed to sustain its rally above the $100K level and has been correcting over the last week.
Yet, a bullish continuation can materialize soon.
Technical Analysis
By Edris Derakhshi (TradingRage)
The Daily Chart
On the daily chart, the asset dropped below the $100K level last week and has failed to climb back above it since. While the $90K support zone has held the market, preventing it from dropping lower, the price has failed to break above the $100K level yet again and is getting rejected to the downside.
This could result in a deeper continuation below the $90K and toward the $80K area in the coming weeks if the price fails to break back above $100K.
The 4-Hour Chart
Looking at the 4-hour timeframe, things look slightly more tricky for Bitcoin. The price has recently broken the ascending channel pattern to the downside, which can be a reversal signal. The lower boundary of the pattern has also been retested twice alongside the $100K resistance level.
Yet, both levels have held and pushed the asset lower, which could lead to a drop toward the $90K level and even lower in the short term.
On-Chain Analysis
By Edris Derakhshi (TradingRage)
Long-Term Holder SOPR
Not everything can be figured out using technical and price analysis. For a better view of the underlying dynamics of the Bitcoin network, it is beneficial to analyze on-chain metrics.
This chart presents the long-term holder SOPR metric, which measures the ratio of profit realization by investors who have held their coins for over 6 months. As the chart suggests, the realized profit is relatively high, but it has yet to reach the values previously seen when the market was consolidating below the $70K level. This is especially interesting, as BTC is now trading around $100K.
As a result, it could be interpreted that long-term holders’ selling pressure is still insufficient to overwhelm the market, and the price could still rally higher in the coming weeks.
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Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.
Cryptocurrency charts by TradingView.
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