Top 10 cryptos portfolio experiment
Week # 03 - In the green for the first time.
Intro
It's the third week of my experiment and we are finally in the green. The portfolio is currently up +0.4%. That's a great improvement from last week. You can check out the last post here. And follow me for further updates. I am going to post an update of the performance, purchases, and other aspects of this experiment every week. Last week was better for the crypto market in general. But especially for some coins. For example, Dogecoin, because Elon Musk announced that Tesla will accept dogecoin for some of the companies merch items.
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 # 03 - up 0.4%
Pre-purchases
Total value: 200.77$
Total invested: 200$
Profit/Loss: 0.77$
Biggest winners of the week:
This week biggest winners are:
1.LUNA - 27.0%
2.ADA - 17.6%
3.DOGE - 16.8%
Biggest losers of the week:
The pain is real:
1.SOL - -34.8%
2.DOT - 3.2%
3.XRP - 3.9%
Week #3 - pie chart
Pie chart of holdings before acquisitions.
List of Top 10 cryptocurrencies and their prices at the moment.
Changes in Top 10:
DOGE +1 position
AVAX -1 position
Purchases - 100$
1.BTC +0.0002325 Price $43000.39
2.ETH +0.002985 Price $3351.07
3.BNB +0.01997 Price $500.76
4.SOL +0.06779 Price $147.57
5.ADA +7.09 Price $1.41
6.XRP +12.81 Price $0.780417
7.DOT +0.361 Price $27.70
8.LUNA +0.1159 Price $86.29
9.DOGE +56.1 Price $0.178170
10.AVAX +0.1078 Price $92.76
Portfolio after purchases:
Total value: 302.02$
Total invested: 300$
Profit/Loss: 2.03$
%Change: +0.68%
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!
Follow me on Twitter
Follow me on Medium
