100$ Split Into Top 10 Cryptocurrencies Every Week. Week #20 - RIP LUNA


Intro

This has been the most dramatic week of the portfolio so far. If you are into crypto, you probably already saw what happened to LUNA after their stable coin UST lost its peg. LUNA went from the best performing asset of the experimental portfolio to being the first to leave the top10. We lost a lot of value this week.  And today we are adding a new slice to our pie charts. With a new coin entering the top10. The coin is Wrapped Bitcoin.

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 # 20 - DOWN 44.6%

Pre-purchases

 

Total value: 1,052.68$
Total invested: 1900$
Profit/Loss: -847.42$

 

Portfolio vs BTC:

Overall:

Portfolio: -44.6%

BTC(same period): -26.02%

Thanks to LUNA crashing we are far behind the not to well performance of -26.02%.

Portfolio vs the S&P500 YTD:

Overall:

Portfolio: -44.6%

S&P500 YTD: -15.6%

Biggest winners of the week:

No winners, just losers.

1.BTC      -        -12.6% 

2.DOT    -        -16.3%

3.BNB     -        -16.8%

Biggest losers of the week:

Obviously, LUNA takes the top loser of the week

1.LUNA       -     -100%

2.AVAX        -     -34.1%

3.DOGE       -    -28.8%

 

Week #20 -  pie chart 

Pie chart of holdings before acquisitions.

506aeef72c40fa4ab62526ee0afdc8eb2dcc44f7ab61a023fbf3e0d3ad2dbd57.png

List of Top 10 cryptocurrencies and their prices at the moment.
13a5ca023220c37f474e9a79df0bdca9b0258d0f6fd3fab31d7338c0ab56aea6.png

Source

Changes in Top 10:

LUNA         OUT

DOT          +2 position

WBTC         IN

Purchases - 100$

1.BTC +0.0003345   Price $29883.71

2.ETH +0.00492       Price $2033.11

3.BNB +0.03367      Price  $296.89

4.XRP +23.67           Price  $0.422468

5. ADA +17.56         Price $0.569519     

6.SOL +0.1836         Price $54.46          

7.DOT  +0.906          Price $11.04          

8.DOGE +113           Price $0.088493    

9.AVAX +0.2935       Price $34.06     

10.WBTC+0.000335 Price $29853.31   

 

 

Portfolio after purchases:
Total value: 1,155.46$
Total invested: 2000$
Profit/Loss: -844.65$
%Change:  -42.23%

 

Pie chart after purchases:

e79e0176f4cfa2df1278865a0c23dd0126bd6fd117912575081f9020ebed767f.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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