New cryptocurrencies in Fumbi portfolio
Published: 07. 12. 2020 ·
Fumbi portfolio has just been improved and expanded with new cryptocurrencies. We are a market leader with the broadest dynamic portfolio based on daily rebalancing.
Thanks to the new portfolio adjustment, we are able to more accurately track market movements and thus minimize possible deviation. The Fumbi algorithm currently recalculates more than 25 cryptocurrencies every day.
Why is it better to invest in a Fumbi portfolio?
Portfolio investment is considered a much safer form than investing in individual cryptocurrencies. With a dynamic portfolio that is recalculated daily, the investor only has to decide whether the cryptocurrency market as such will grow in long-term or merely disappear. All other risks are mitigated by the dynamic market tracking features of the Fumbi Algorithm.
Which cryptocurrencies have we added?
- Polkadot is a layer zero technology that creates a network of application-specific blockchains. This way it allows smart contract applications to scale much better than on Ethereum.
- Uniswap is the largest and most renowned decentralized exchange in DeFi. UNI serves as a governance token through which users can decide on certain protocol parameters.
- Kusama is a sister network of Polkadot. Developers use it to get slots in parachains more easily for their smart contract applications.
- Filecoin is the largest blockchain project focused on decentralized storage. It was also one of the biggest ICOs in the history when the project raised over $200 million in their ICO.
Which cryptocurrencies have we removed?
We do not have some cryptocurrencies in our portfolio.
At Fumbi, we follow the strict rules for selecting cryptocurrencies that will fit into our portfolio. You can read more about creating a Fumbi portfolio in our blog post - Fumbi Index Portfolio Thesis.