Dear Napoleonians, Spring has arrived and summer should follow!
BTC holding above 9K USD and ETH holding above 220–240 USD are outstanding signs for the cryptosphere. We have seen a change in the market structure with bigger players entering the market during this run in price. This can clearly be seen in the CME market with a big rise in traded volume on BTC Futures.
Furthermore, big players are dipping their toes into crypto like Facebook with the launch of their own cryptocurrency backed by famous companies. We believe that this will give more confidence to the environment and will put cryptocurrencies in the spotlight.
Napoleon Software update
We are proud to announce the addition of the multistrat composition option to Napoleon Software. Now, all of our software users will be able to enjoy and allocate their budget among our existing library of strategies.
In short words, you will be able to allocate 100% of funds to one of the offered strategies or opt for the allocation of your funds spread between different strategies. Therefore, you can diversify your investments and compose your own basket of Crypto-Strats.
We have decided to keep the same pricing mechanism based on amount managed. All these strategies will still be displayed on the napoleonx.ai platform.
Without giving a specific date, we can already tell you that we should develop a mobile app during this summer to pilot your Software directly from your mobile phone.
Adding new strategies to our library
We will also add two new strategies to our existing library — Binance Coin (BNB) and bitcoin cash (BCH). These strategies will be based on similar ones as EOS, LTC, or XRP.
We believe it is interesting to provide trading signals on other significant and promising cryptos so that you would have more tools to invest in a more diversified way.
Besides this, we will add BTC.USD long-only and ETH.USD long-only strategies. Then you should soon have access to the following list of strategies:
We will make a separate communication on this subject, but we hope to make an announcement in the next few weeks. Appetite is clearly firming up amongst traditional investors even though there is still a lot of education to make among them.
We are receiving more and more invitations to events organized by traditional media on this topic. We have also made excellent progress in the final structuring of the first 2 DAFs and hope to file very shortly with the regulator.
Things are developing nicely for the crypto market and we are making good progress on our side towards our final promise we made to you. We hope to now accelerate our development and reach new investors to increase further our visibility. It’s a constant balance between communication and product development. Use this new feature on Napoleon Software to trade your own money.