100$ split into top 10 cryptocurrencies every week. WEEK #5 - 1 Month in $80 Down.



Intro

This is the last day of the First month of my Top 10 crypto portfolio experiment. And I am down $80 or about 1/5 of money invested. But this is just the beginning of this journey and I will keep investing and updating my progress. Hopefully in the long run beginning of this year turns out as a great buy-the-dip opportunity. Read the last week's post 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 # 05 - Down -20.66%

Pre-purchases

 

Total value: 317.36$
Total invested: 400$
Profit/Loss: 82.64$

 

Biggest winners of the week:

Finally we have some coins that performed well.

1.AVAX    -   13.8%

2.BTC       -   7.7%

3.ETH       -   6.7%

Biggest losers of the week:

1.LUNA -   -26.3%

2.ADA   -   -3.0%

3.SOL    -   -1.8%

 

Week #5 -  pie chart 

Pie chart of holdings before acquisitions.

e8761129170e020e7f9cb6696fb4020b4d26320c63f6a9b4bafd76b61275b6d5.png

 

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

1792e74bafc330af5ea774d692b5a6b6ae35c955cfb64b2ac87acc51b5b18cce.png

Source

Changes in Top 10:

DOT      +1 position

DOGE   +1 position

LUNA    -2 positions

Purchases - 100$

1.BTC +0.0002648  Price $37755.64

2.ETH +0.003895    Price $2568.66

3.BNB +0.0266       Price  $375.91

4.ADA +9.62           Price  $1.04              

5.SOL +0.1077        Price $92.83       

6.XRP +16.65          Price $0.600677

7.DOT +0.5546       Price $18.04             +1 Position

8.DOGE +71.6        Price $0.139632        +1 Position

9.LUNA +0.216      Price $46.28              - 2 Positions

10.AVAX +0.1476  Price $67.75

 

 

Portfolio after purchases:
Total value: 416.51$
Total invested: 500$
Profit/Loss: -83.44$
%Change: -16.69%

 

Pie chart after purchases:

c03b027536f727c0bbb8bf69fa6a80dc7f86a9e69e31f40c407ac74b9bfd2466.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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