Zignaly Providers Monthly Recap (February)
TL;DR
This month the bull is back and the markets have been booming
February has been one of the most profitable months in a long time, especially for the BTC Futures Provider
The Altcoins Spot Provider is doing great and was the first of our Providers to become a “Zignaly’s Whale” 🐳, and also one of the main funds managers for the Ninja Shuttles NFTs project 🐱👤
The ETH Futures Provider keeps lagging behind, this time because of a technical issue still under investigation
Zignaly has to force every user on the platform to complete KYC due to Binance Brokers compliance
Intro
The possibility for a “more sustained move” which we mentioned last month did indeed play out, and as promised when the opportunity presents itself the Providers are there, ready to reap the rewards.
Most interestingly, just this past week BTC has been able to establish a new ATH at $73,777.00 (Binance spot), and at the time of writing is currently in the process of re-testing the previous 2021 ATH level to see if this is acting as support or not.
A BTC weekly (and then monthly) close at this new ATH level should confirm continuation for the time being.
Altcoins have also shown decisive bullish price action this month, and many of them have experienced significant moves, while ETH seems to still show somehow mediocre performances and still underperforming if compared to BTC.
This month's Provider performance has been good enough for a Zignaly shoutout where they refer to me as an OG trader as I have been on the platform for 3.5 years, and this reminded me of something.
During these past 3.5 years, I have seen an uncountable number of providers come and go from the platform, and often “go” not because of their choice, but due to poor performance as soon as the market’s conditions have stopped being favorable, or worse, due to liquidation.
As during every single bull market, we are seeing this again. I just hope this time the providers that will blow up won’t be big enough to bring down the platform together with them.
As the saying goes: “There are bold traders and there are old traders; but there are no old-bold traders”.
“There are bold traders and there are old traders; but there are no old-bold traders”.
What has worked for me in these many years, and the reason why I am still here generating profits for my followers today is simple: I protect the capital by taking care of the risk first and generate profits as soon as the opportunity presents itself, but I know very well that nobody can impose their will on the market.
As you can see from this month's performance, obviously managing risk does not mean that we don’t generate profits, but that we preserve capital and we can generate much better profits in the-long-term.
“As you can see from this month’s performance, obviously managing risk does not mean that we don’t generate profits”.
Being one of the oldest traders on the platform doesn’t simply mean that we have been there for a long time. It means that we have overcome many adverse market conditions, and outlived many “bold” providers.
To conclude this intro section, this past month Zignaly had to force every user on the platform to complete KYC due to Binance Brokers compliance.
While the notice for this was very short, it looks like it should not bring too much disruption to the platform, as over 85% of the AUM has completed the procedure on time.
Providers
BTC Futures
This has been the best month in a while for the BTC Provider proving that, when the market conditions are right, it is still very well able to generate a large amount of profits while protecting capital during less favorable times.
With an astounding performance of +127% for the month, the Provider has more than doubled its allocation, also thanks to the flock of new investors that periods of high performance tend to attract.
Of course, my approach and that of the systems during this time have not changed, as they are already designed to adapt to the different market conditions, so if this bull market continues we will be ready to reap more gains.
ETH Futures
Unlucky month for this Provider which should have finally been able to show its “talent” but could not due to a technical issue still under investigation.
While the system should have generated profits in excess of +70% for this month (as per TradingView), the ETH Futures Provider had its positions closed prematurely, which has caused it to cut its potential profits for the month significantly (as you can see the equity line becomes flat on the 20th of February), registering a +21.68%.
While it is still not exactly clear why this has happened (although it seems to be platform-related) and I am still investigating the issue that I am communicating here for transparency, this has never happened before and all the necessary steps have been taken to make sure that it won’t happen again.
I have now set up a three-layer monitoring system for this Provider which also allows for manual intervention if needed (while so far it was completely algorithmic), so we look forward for it to generating some good results in the coming weeks/months.
Altcoins Spot Provider
Possibly the real hero of this month, the Altcoins Spot Provider is “back with a bang” as they say, not just generating profits well above +40%, but also attracting a significant amount of fresh capital and becoming one of the “Zignaly’s Whale Providers” passing the $200,000 mark in AUM.
This was also possible due to the Provider being selected by Zignaly as one of the main fund managers for the Ninja Shuttles NFTs project, with profits distributed to the NFTs holders.
As to the Altcoins Spot Provider was allocated a total of 15% of the capital derived from the NFTs sale, which should bring roughly another $100,000 in AUM at the end of the allocation process, while so far about half of that amount has been allocated.
This, together with the profits generated by trading activity plus the allocations from some new investors has allowed this Provider to pass the $200,000 mark in AUM and become officially one of the “Zignaly’s Whale Providers”, a badge currently held by only 9/98 providers on the platform.
Conclusions
Since as mentioned by Zignaly I am one of the OG traders on the platform, I want to take a moment to show the much deserved appreciation to my OG followers.
If you have been following my Providers for over 1 year, you know that during less favorable market conditions we have gone through the inevitable ups and downs and at time what we have faced wasn’t easy, but we are finally reaping the rewards, so kudos to all of my investors and a sincere thank you!
Your trust and support mean a lot to me, you guys are also true OGs and good traders.
To conclude, as usual, if you have any inquiries, suggestions, or doubts, feel free to DM me on Twitter or Telegram, or check my other Medium articles and Guides.
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