100$ Split Into Top 10 Cryptocurrencies Every Week. Week #11 - Getting Closer To Breakeven


 

 

Intro

Last week we broke the barrier of 1000$ invested. This week we are a little bit closer to the breakeven point. Luna is still on a streak. And is now taking up 15% of the total value of our experimental portfolio. The markets have been a bit nicer to our little experiment. Hopefully, this trend will continue, but if not - we'll keep buying the dip! Last 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 # 11 - Down -5.94%

Pre-purchases

 

Total value: 940.56$
Total invested: 1000$
Profit/Loss: -59.42$

 

Biggest winners of the week:

LUNA is on a streak, first place for 3 weeks in a row.

1.LUNA  -       18.1%

2.XRP    -         6.1%

3.DOT    -        3.9%

Biggest losers of the week:

1.DOGE    -    -4.5%

2.SOL       -    -3.7%

3.ADA      -    -2.5%

 

Week #11 -  pie chart 

Pie chart of holdings before acquisitions.

06219812549c2f3a52eefc65944de0a3c18b6f07cad881f1dbcb59b8ee14ca14.png

 

List of Top 10 cryptocurrencies and their prices at the moment.
009d31863a5ec857891272e563beb766ff1340517ac0c2a055f27b5214e5982f.png

Source

Changes in Top 10:

DOT         +1 position

AVAX      -1 position

 

Purchases - 100$

1.BTC +0.0002565    Price $38988.64

2.ETH +0.003867      Price $2585.78

3.BNB +0.0271         Price  $369.00

4.XRP +13.03           Price  $0.767581

5.LUNA +0.1073      Price $93.24  

6.SOL +0.1231         Price $81.25       

7.ADA +12.48          Price $0.801408    

8.DOT +0.5675        Price $17.62           +1 position

9.AVAX +0.142        Price $70.42            -1 position

10.DOGE +87          Price $0.114959

 

 

Portfolio after purchases:
Total value: 1,036.90$
Total invested: 1100$
Profit/Loss: -$63.09$
%Change: -5.74%

 

Pie chart after purchases:

a0ad4a03b3657a4930d0996461de602b0346f073fe0c06a51bfdb17edc167747.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!

 

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Top 10 cryptos portfolio
Top 10 cryptos portfolio

This blog will follow my journey of investing 100$ a week split equaly in top 10 cryptocurrencies at the time.

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