How much can we earn/lose with crypto for $10/month in 1 Year | Experiment (Walton version)

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Avatar for Dixreactor
2 years ago

Hello wanderer! I'm just a cryptocurrency world explorer. Trying to share some little thoughts with you. My articles and I are not paid/affiliated by/with highlighted projects. My thoughts can't be financial advice or trigger to action. Please, do your own research. Thanks for your attention. Let's begin!

Some days before, I've made an article about Cardano's $ADA token investment experiment results. It won't surprise anyone nowadays, while we are seeing the token price movements. Cardano network is very popular right now. And, I think that's great to find such a gem to invest in. I think it would be great to continue the experiment, but with another token.

For transparency, I've decided to choose not a popular coin, and not a newborn. My criteria were - Coingecko's market cap rank between 750-800, Year of establishment - 2017. Not so old, and not fresh at all. (who knows..)

I've found the Waltonchain token. Never heard about this before. 765 market cap rank.

Starting with the last year's October retrospective paper invest $10 USD - every month, till today. Random day, a random price that day.

Let's go

  • Oct 6, 2020 Price per token: $0.341 Amount bought: WTC 29.32

  • Nov 11, 2020 Price per token: $0.328 Amount bought: WTC 30.49

  • Dec 14, 2020 Price per token: $0.342 Amount bought: WTC 29.24

  • Jan 18, 2021 Price per token: $0.353 Amount bought: WTC 28.33

  • Feb 4, 2021 Price per token: $0.403 Amount bought: WTC 24.81

  • Mar 15, 2021 Price per token: $1.254 Amount bought: WTC 7.97

  • Apr 8, 2021 Price per token: $2.196 Amount bought: WTC 4.55

  • May 6, 2021 Price per token: $1.73 Amount bought: WTC 5.78

  • Jun 17, 2021 Price per token: $0.749 Amount bought: WTC 13.35

  • Jul 10, 2021 Price per token: $0.55 Amount bought: WTC 18.18

  • Aug 5, 2021 Price per token: $0.578 Amount bought: WTC 17.3

  • Sep 14, 2021 Price per token: $1.002 Amount bought: WTC 9.98

Spent $120

Bought $WTC 219.5 tokens

Now Sep 28, 2021, the price is about $0.825. And the token amount is now worth $181

181 - 120 = 61. $61 - profit!

Of course, someone can say I've made a mistake excluding some hundredth (fees, calculation) But, it's still a profit. I don't know about other centralized exchanges' fees. But on Binance, which I personally use, the trading fee is 0.075%. Not so much. And, I've used Binance chart on TradingView, so the token had been already listed here on the date.

I'm still surprised by the result. When I've just started choosing token, I've had a feeling that it would be bear dinner. It turns out not.

Please share your opinion in the comment section. Thank you.

The previous one -> How much can we earn with crypto for $10/month in 1 Year (Cardano version)

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$ 1.56 from @TheRandomRewarder
Avatar for Dixreactor
2 years ago

Comments

Before when i heard a thing about cryptocurrency, i dont give it a big deal but now I'm starting my noise.cash and read.cash journey and I've search about it and give time to read some articles that involves cryto, and thank you for this article. It anwers some of my questions that I'm longing to know about

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2 years ago