100$ Split Into Top 10 Cryptocurrencies Every Week. Week #26 - A bit better.
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.
List of Top 10 cryptocurrencies and their prices at the moment.
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:
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
Wow. That's a big minus this week. It will be interesting to see the results for the end of the year.
This post has been manually curated by @bhattg from Indiaunited community. Join us on our Discord Server.
Do you know that you can earn a passive income by delegating your Leo power to @india-leo account? We share 100 % of the curation rewards with the delegators.
Please contribute to the community by upvoting this comment and posts made by @indiaunited.
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
Congratulations @moneycanwork4you! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s):
Your next target is to reach 300 upvotes.
You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOP
Check out the last post from @hivebuzz:
Support the HiveBuzz project. Vote for our proposal!