Here we present the overall results for the month of February.
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As everyone has noticed, all markets took a big hit in January. The overall crypto market lost over 1 trillion in value and the Nasdaq was down 15%, on track for its worst start of the year ever. The sharp pullback across markets was largely driven by fear of higher interest rates and potential reopening consequences.
We have experienced such declines several times now and expect them to continue to occur at least once or twice a year for the foreseeable future. It will take time and further maturation of the industry before we will see real differentiation in price action during such periods of market stress. For us, these periods are viewed as healthy in the sense that they wash out a lot of leverage and excesses, and provide the opportunity for great returns.
Above an overview is provided of the LAIKA bots in January 2022, where it is obvious that the buy-and-hold portfolio bots had a hard time, while the trend bots picked their enter/exit timing ranging from average to very well.
We are confident that the future will bring not only less of these declines, but new LAIKA bots that thrive under these circumstances, and new LAIKA bots that do not depend on the market fluctuations at all.
December was a difficult month to be profitable, as the results of the market has shown. The largest asset in the market lost more than 15%, while some altcoins had even larger declines.
The performance shows that the best strategy was to have only small positions, which some bots partly succeeded in, while the portfolio bots logically struggled.
Above, an overview of the Laika performance of December 2021 on the BOTS platform.
November has been a turbulent month for the global markets, not only for Crypto, with both steep declines and upward trends. LAIKA’s bots overall have some very profitable.
We’re proud to say that for the second month in a row, one of our bots is the best performing bot on the entire ‘BOTS by Revenyou’ platform. Our debuting bot, NFT TrendBot, obtained a return of 77.8% in November alone.