OVERVIEW
As 2024 comes to an end, we are proud to present another successful year for Sofex Algorithms and the Sofex ecosystem as a whole. Our flagship algorithms for Bitcoin and Ethereum have concluded the year profitable. We are preparing a series of updates in order to check if market conditions have changed drastically. Where necessary – we will continue improving. 2024 was a volatile year, turned bullish for the Cryptocurrency markets, making new all time highs for Bitcoin, among others. It was also, unfortunately, a year of uncertainty, war, political and economic clashes. These events did not, however, surprise or hurt our strategies. Indeed the volatility of the market is what propels us
further as we hedge against these dark events and minimize exposure when needed. The algorithms have also marked profit peaks one after the other, through downtrends, uptrends and even choppy conditions. We are ready to face whatever volatility and possibly bearish movement during 2025. SOFEX is confident that we will continue delivering profitable and stable strategies for our clients.
During the upcoming year, our plans are to keep expanding while still keeping the same or higher level of profitability. We will re-create the sign-up experience and build tools to make it extremely easy to set-up and start using the algorithms though our website. We also want to explore other areas of the crypto-sphere. That is why we have recently undergone a few regulations and have acquired licenses to operate in any capacity with digital assets in the EU, and under MiCA.
PERFORMANCE
For 2024, we’ve had 10 profitable months and only 2 at a loss, for Bitcoin and Ethereum working together. See a month-to-month breakdown of the statistics in the table below.
SOFEX takes pride in our two flagship algorithms for Bitcoin and for Ethereum. The performance of our main algorithms has excelled while maintaining a low drawdown.
