100$ Split Into Top 10 Cryptocurrencies Every Week. Week #26 - A bit better.

in LeoFinance2 months ago

Intro

It's nice to see some green after the losing streak we have had for the past weeks. But the storm probably isn't over. We are in a bear market. And we need some serious catalysts for this to change. This week another meme coin enters the Top10. And it is SHIB, another dog coin.

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 # 26 - DOWN 47.04%

Pre-purchases

Total value: 1,324.10$

Total invested: 2500$

Profit/Loss: -1,175.98$

Portfolio vs BTC:

Overall:

Portfolio: -47.04%

BTC(same period): -41.02%

Portfolio vs the S&P500 YTD:

Overall:

Portfolio: -47.04%

S&P500 YTD: -17.9%

Biggest winners of the week:

1.AVAX - 27.7%

2.DOGE - 24.2%

3.SOL - 16.4%

Biggest losers of the week:

1.ADA - 2.8%

2.BTC - 3%

3.WBTC - 3%

Week #26 - pie chart

Pie chart of holdings before acquisitions.

bf.png

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

lis.png

Changes in Top 10:

XRP +1

ADA -1

DOGE +1

DOT -1

SHIB IN

TRON -1

Purchases - 100$

1.BTC +0.0004804 Price $20808.70

2.ETH +0.00839 Price $1191.33

3.BNB +0.0429 Price $233.13

4.XRP +28.26 Price $0.353731

5.ADA +20.28 Price $0.492997

6.SOL +0.2567 Price $38.94

7.DOGE +135.5 Price $0.073807

8.DOT +1.263 Price $7.92

9.SHIB +906777 Price $0.00001103

10.TRX +146.7 Price $0.068141

Portfolio after purchases:

Total value: 1,396.93$
Total invested: 2600$
Profit/Loss: -1,203.16$
%Change: -46.27%

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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This is a good idea on how To invest in crypto especially this bearish period I love this your project keep it up everything that comes down will surely go up #believe

Wow. That's a big minus this week. It will be interesting to see the results for the end of the year.

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