100$ Split Into Top 10 Cryptocurrencies Every Week. Week #18 - Four Months In

in LeoFinance2 months ago

Intro

This week marks the beginning of the 5th month of this experiment. 17 weeks have already passed, and when this update is up $1800 will already be invested into this experiment. And I will keep going at least until the end of the year. We have seen a lot of volatility. There have been ups and downs. And although we are currently sitting on a paper loss of about 12%, I am still excited as to how this all unfolds over time. There has been a lot of uncertainty. And I am sure there is still a lot of that ahead. And It's also noticeable in the stock market, not only with cryptocurrencies. But one aspect of the experimental Top10 crypto portfolio has surprised me with it's stability. And what I am referring to is the list of Top10 coins. Although we can see some place-swapping in the Top10 almost every week, none of the cryptos have left the top10 so far. Do you think this will stay that way for long? Check out the previous update here!

About the experiment

Follow along my journey of investing 100$ every week split equally into the Top 10 cryptocurrencies at the time. I will post updates about the overall growth of my experimental portfolio as well as some insights about the biggest winners and losers of the portfolio.I am not including stablecoins in my experiment, and will not be staking or earning interest on any cryptocurrency in this experimental portfolio. The purpose of this experiment is to see if investing weekly in Top 10 cryptocurrencies is a feasible long-term investment strategy and to measure it against other common strategies. For the purposes of this experiment, I will also not take into account trading fees, so I can invest an equal amount of dollar value into each of the cryptocurrencies.

Week # 18 - DOWN 12.33%

Pre-purchases

Total value: 1,490.48$

Total invested: 1700$

Profit/Loss: -209.61$

Portfolio vs BTC:

Overall:

Portfolio: -12.33%

BTC(same period): - 7.06%

The margin by which BTC is outperforming the experimental portfolio is growing week by week. But I think this trend could reverse if we get a return to bullish market sentiment.

Biggest winners of the week:

Only red this week, and these lost the least.

1.DOGE - -2.6%

2.BTC - -3.9%

3.BNB - -4.2%

Biggest losers of the week:

1.AVAX - -20.9%

2.DOT - -19.9%

3.XRP - -15.5%

Week #18 - pie chart

Pie chart of holdings before acquisitions.
b4.png

List of Top 10 cryptocurrencies and their prices at the moment.

lis.png

Changes in Top 10:

DOGE +2 position

DOT -1 position

AVAX -1 position

Purchases - 100$

1.BTC +0.0002644 Price $37836.84

2.ETH +0.00361 Price $2770.77

3.BNB +0.02596 Price $385.07

4.SOL +0.1133 Price $88.24

5.XRP +16.67 Price $0.600003

6.LUNA +0.1247 Price $80.21

7.ADA +12.91 Price $0.774576

8.DOGE +76.4 Price $0.130898

9.DOT +0.665 Price $15.04

10.AVAX +0.172 Price $58.12

Portfolio after purchases:

Total value: 1,593.22$

Total invested: 1800$

Profit/Loss: -206.87$

%Change: -11.49%

Pie chart after purchases:

af.png

Stay tuned for an update next week!

I will post an update of:

  • Overall value change of portfolio
  • My weekly purchase
  • Changes in Top 10 cryptocurrency list
  • Biggest gainers and losers of portfolio
Thank you for reading!

Feel free to comment and leave some feedback.

Good luck with your investments! Let the money do the work!

Posted Using LeoFinance Beta

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Interesting to see how the portfolio performs in these turbulent times right now.
At least with the regular purchases, it should provide some future gains.