100$ Split Into Top 10 Cryptocurrencies Every Week. Week #11 - Getting Closer To Breakeven
Intro
Last week we broke the barrier of 1000$ invested. This week we are a little bit closer to the breakeven point. Luna is still on a streak. And is now taking up 15% of the total value of our experimental portfolio. The markets have been a bit nicer to our little experiment. Hopefully, this trend will continue, but if not - we'll keep buying the dip! Last week's update 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 # 11 - Down -5.94%
Pre-purchases
Total value: 940.56$
Total invested: 1000$
Profit/Loss: -59.42$
Biggest winners of the week:
LUNA is on a streak, first place for 3 weeks in a row.
1.LUNA - 18.1%
2.XRP - 6.1%
3.DOT - 3.9%
Biggest losers of the week:
1.DOGE - -4.5%
2.SOL - -3.7%
3.ADA - -2.5%
Week #11 - pie chart
Pie chart of holdings before acquisitions.
List of Top 10 cryptocurrencies and their prices at the moment.
Changes in Top 10:
DOT +1 position
AVAX -1 position
Purchases - 100$
1.BTC +0.0002565 Price $38988.64
2.ETH +0.003867 Price $2585.78
3.BNB +0.0271 Price $369.00
4.XRP +13.03 Price $0.767581
5.LUNA +0.1073 Price $93.24
6.SOL +0.1231 Price $81.25
7.ADA +12.48 Price $0.801408
8.DOT +0.5675 Price $17.62 +1 position
9.AVAX +0.142 Price $70.42 -1 position
10.DOGE +87 Price $0.114959
Portfolio after purchases:
Total value: 1,036.90$
Total invested: 1100$
Profit/Loss: -$63.09$
%Change: -5.74%
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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I brought btc, doge, shib, vet. Buy unfortunately they are in very down now. I don’t know when they will give me profit. I hope it will be very soon😌