Whenever another fiat vs. crypto dispute arises, there is one argument that stays firm: beat fiats at volatility. The decentralized character, room for manipulation due to the lack of , vulnerability of crypto wallets due to the unprecedented value of just one asset unit such as or , novelty and adolescence of the market alongside other reasons make crypto an asset that quickly comes, goes, and comes back at another price.
Competition
The number of crypto hedge funds has been growing quickly lately, from 37 in early 2017 to more than 200 in February 2018. This means that Kingcuan is facing a rather stiff competition. According to our whitepaper, the key competitive advantage with the platform is the team’s six-year-long experience in operating their own forex direct hedge fund. We have tested and excessively used our own unique math-based technology to provide seamless experiences through this period. Kingcuan Fund is designed to be an extension of the established platform to the crypto market. However, it is hard to say how unique this is for the industry. Kingcuan could help you find that out if we had presented a research of the competitive environment.
Also, the beginning of this year saw the decrease in the number of crypto hedge funds. According to Bloomberg, there are at least nine funds that ceased to exist in 2018. Some of them have disappeared completely having their websites, Twitter and Facebook accounts deleted. The analysis of the situation in this exact market would help better understand threats, while the vision of how these pitfalls can be avoided would demonstrate the team’s awareness.
Conclusion
Kingcuan is not a brand new solution. On one hand, the fact that the market exists indicates that there is a demand present. On the other, this market has recently begun to quickly squeeze following a booming growth in 2017. As of today, it is difficult to say yet whether it is a natural trend that will lead to the formation of a solid pool of crypto hedge funds or a sign of failure with the whole market. We believe that Kingcuan should analyze the situation and make their findings public. This would demonstrate potential investors our awareness of the current state of things in the market and where we find ourselves amidst all the uncertainty.
The founding team is comprised of three experienced traders who have been in the business since 2008. We expect, therefore, that we have extensive practical knowledge and skills in the target industry. In addition, we have conducted volatility tests throughout 2017 which demonstrated potential in as a source of volatility that can be profited from.
Published at Sun, 26 May 2019 05:03:31 +0000
