This has been a hell of a week for the world, especially for the people of Ukraine. But the consequences of what's happening there will be global. And we are still in uncharted territories. We can't be sure of how this conflict is resolved. If other countries have to join with military action WWIII is a possibility. And with these uncertainties comes market volatility. There has been a lot of movement in crypto prices this week, but overall my experimental portfolio hasn't moved much. Let's hope the conflict in Ukraine will soon be resolved. And the world will find a way to live in peace. 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 # 09 - Down -8.7%
Total value: 730.39$
Total invested: 800$
Biggest winners of the week:
LUNA had some good performance this week.
1.LUNA - 49.6%
2.DOT - 1.6%
3.ETH - 0.5%
Biggest losers of the week:
1.DOGE - -9.5%
2.XRP - -6.6%
3.ADA - -4.8%
Week #9 - 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
LUNA +1 position
DOT +1 position
AVAX -2 positions
Purchases - 100$
1.BTC +0.0002608 Price $38331.32
2.ETH +0.0038 Price $2630.92
3.BNB +0.0273 Price $366.44
4.XRP +13.79 Price $0.725256
5.SOL +0.1114 Price $89.80 +1 position
6.ADA +11.33 Price $0.882331 -1 position
7.LUNA +0.1349 Price $74.12 +1 position
8.DOT +0.585 Price $17.09 +1 position
9.AVAX +0.1325 Price $75.44 -2 positions
10.DOGE +80.6 Price $0.124081
Portfolio after purchases:
Total value: 831.83$
Total invested: 900$
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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