Uncertainty in the markets is high. Russia - Ukraine tensions are still ongoing. And inflation concerns are real. No one can say for sure where the global economy will go from here. But the best performing asset in my experimental portfolio so far is LUNA. And I have already invested $1000 into this experiment and will keep going. You can find my previous week's update here!
About the experiment
Follow along my journey of investing 100$ 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 # 10 - Down -7.26%
Total value: 834.71$
Total invested: 900$
Biggest winners of the week:
LUNA in first place for 2 weeks in a row.
1.LUNA - 4.6%
2.BNB - 1.7%
3.BTC - -0.3%
Biggest losers of the week:
1.AVAX - -9.6%
2.ETH - -5.7%
3.ADA - -5%
Week #10 - pie chart
Pie chart of holdings before acquisitions.
List of Top 10 cryptocurrencies and their prices at the moment.
Changes in Top 10:
SOL -1 position
ADA -1 position
DOT -1 position
AVAX +1 position
Purchases - 100$
1.BTC +0.0002556 Price $39109.69
2.ETH +0.003798 Price $2634.15
3.BNB +0.02623 Price $381.08
4.XRP +13.43 Price $0.744306
5.LUNA +0.1228 Price $81.42 +2 positions
6.SOL +0.1163 Price $86.01 -1 position
7.ADA +11.84 Price $0.844871 -1 position
9.AVAX +0.1349 Price $74.14 +1 positions
8.DOT +0.572 Price $17.48 -1 position
10.DOGE +81.6 Price $0.122548
Portfolio after purchases:
Total value: 936.50$
Total invested: 1000$
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!
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