Intro
This week XRP is doing exceptionally well and has overtaken Bitcoin as the largest holding in my experimental portfolio. Overall we are still in the red, still buying the dip. But if the markets keep recovering, we might see some green soon! 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 # 07 - Down -6.36%
Pre-purchases
Total value: 561.83$
Total invested: 600$
Profit/Loss: 38.17$
Biggest winners of the week:
XRP takes a clear lead this week.
1.XRP - 21.7%
2.DOGE - 5.0%
3.BTC - 2.1%
Biggest losers of the week:
1.SOL - -18.4%
2.DOT - -12.5%
3.ADA - -7.5%
Week #7 - pie chart
Pie chart of holdings before acquisitions.
List of Top 10 cryptocurrencies and their prices at the moment.
Changes in Top 10:
XRP +2 positions
ADA -1 position
SOL -1 position
LUNA +1 position
DOGE +1 position
DOT -2 positions
Purchases - 100$
1.BTC +0.0002364 Price $42314.49
2.ETH +0.003465 Price $2886.78
3.BNB +0.02502 Price $399.66
4.XRP +12.33 Price $0.811264 +2 positions
5.ADA +9.52 Price $1.05 -1 position
6.SOL +0.1069 Price $93.54 -1 position
7.LUNA +0.1925 Price $51.94 +1 position
8.DOGE +64.4 Price $0.155331 +1 Position
9.DOT +0.532 Price $18.79 -2 positions
10.AVAX +0.1266 Price $78.99
Portfolio after purchases:
Total value: 663.27$
Total invested: 700$
Profit/Loss: -36.73$
%Change: -5.24%
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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