Sypto | Update 2022|

2022 was a truly challenging year and support from our subscriber’s not only helped us sail through but also helped us build authority by gaining trust around our products & services.

Sypto was opened for early subscription on 14th Feb 2022 with its flagship startegy- Athena. Later it opened for subscription publicly from 1st of June 2022.

Sharing the updates month-wise here for the benefit to all our readers:

March:

On an average — a 10% profit was recorded for the month of March by the live ATHENA strategy by Sypto across all our accounts with Binance.

• We crossed $15k Assets Under Management on 1st of April
• We were fully compatible and live on WazirX
• In process of integration with BitBns

April:

First few weeks were overwhelmingly volatile for crypto markets where a lot of investors might had witnessed painful drawdowns. But thankfully, it wasn’t the case with Sypto subscribers!

This was largely because of the inactivity in their wallet. While for some the inactivity would have been concerning, the fact is, our strategy Athena chose wisely and stayed put.

May & June:

Our Strategy Athena stayed out of the market because of immense volatility that was witnessed during these months.

July:

Sypto, having stayed away from the market in past few months, pleasantly surprised everyone by making trades in July. And not only that, it stayed true to its reputation as well! It ended up either having booked a small profit in few accounts or having protected the capital across the remaining ones.

In such a hostile market, these results can make anybody proud!

August:

August was an eventful month, both for Sypto subscribers as well as the community worldwide. The gloomy trend from early 2022 continued in August too that witnessed further drawdown (7% of mkt cap) lead by BTC (-15%).

Although we entered August with open positions in majority of coins but unfortunately couldn’t capitalize for the lack of prolonged momentum. It remained the same for trades throughout August which ended with marginal losses of about 2.9% accross all accounts.

While Sypto holds true to its promise of “Protecting Capital” first, our team made some extraordinary breakthroughs in 2 key areas:
- Performance: Our flagship strategy ‘Athena’ got further boost with version 2.0 (2X better returns).
- Compatibility: Sypto started supporting FTX, FTX.us, Alpaca, Kraken & Bitbns.

September:

September was a crucial month for Sypto as well as the crypto community. It was largely because of developments in Ethereum which finally went through a smooth transition. But not without repercussions!

Sypto carried out trades in few coins that also included ETH which contributed heavily in the overall loss of about 4% across all the accounts.

The good news was that we entered a new month with one invested coin (XRP) with confirmed profits.

In September Sypto also went live on DYDX which is a Decentralised Exchange, making us a true Crypto-native service provider (dApp).

October:

As such October is usually known to be a strong month for Bitcoin and overall Crypto market, however, this was oddly lackluster. Strong price action was missing.

At Sypto, we entered in October with open position in XRP that later resulted into booking profits of around 27%. Most appealingly, it translated into significant recovery for all holding portfolios.

Although nothing much happened later through the month, a somewhat bullish momentum was recorded in the crypto market in the last week of October!

Perfectly tapping in to this opportunity, Sypto entered November with open positions across all holding accounts.

November:

November started on a bullish note with major coins registering double digit gains within a week until 8th of November when an unexpected event happened; FTX went bankrupt and as a result markets crashed!

Thankfully for Sypto, our strategy closed all open positions in no time while coming out unscathed! Our subscribers still manage to have their capital intact with a max drawdown only upto 5–6%.

Also in November, Sypto opened for early registrations of our much awaited strategy — ZEUS. It is a Long-Short strategy capable to trade in both bullish as well as bearish market.

December:

December was a quiet month for Sypto subscribers that offered a realty check at two levels:

1) Capital Protection: While the markets reportedly shrunk by 1.87%, Athena users remained unaffected.

2) Account Security: Sypto cybersecurity features are robust enough to shield against any possible hacks as witnessed at 3Commas, a major cryptocurrency trading platform, where the API leaks resulted in several hacks leading to a loss of $22 mn.

Sypto’s new offering, ZEUS which is a Long-Short strategy went live on multiple accounts & got available for early subscription on Binance.

2022 was one the most painful years for crypto markets worldwide where an average investor witnessed a drawdown in excess of 60%. In some cases the capital was wiped out to a tune of even 90%. However, to our delight, the average loss across all portfolios held by Sypto.xyz witnessed only a minor drawdown of 3.8%. A result to be cherished!