100$ Split Into Top 10 Cryptocurrencies Every Week. Week #12 - Finally a profit!

Intro

Last week has been great for investors. After the FED reassured us that a recession is not on its way a lot of uncertainty was cleared up and the stock markets began an upward trend. The crypto markets went along, and even my experimental portfolio which has been in the negative territory for the better part of its existence is now showing some paper gains. It's not much, but it's honest work. AVAX has replaced LUNA as the best performer this week after LUNA's several-week streak. ETH and even ADA have performed quite well this week. And even the biggest losers of the week are up. Previous weekly 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 # 12 - UP 0.92%

Pre-purchases

Total value: 1110.07$

Total invested: 1100$

Profit/Loss: 10.07$

Biggest winners of the week:

AVAX has replaced LUNA as the best performer this week after LUNA's several-week streak.

1.AVAX - 21.8%

2.ETH - 11.2%

3.ADA - 10.9%

Biggest losers of the week:

1.XRP - 2.3%

2.DOT - 2.5%

3.DOGE - 3.4%

Week #12 - pie chart

Pie chart of holdings before acquisitions.

List of Top 10 cryptocurrencies and their prices at the moment.

Source

Changes in Top 10:

DOT -1 position

AVAX +1 position

Purchases - 100$

1.BTC +0.00024177 Price $41344.29

2.ETH +0.003465 Price $2884.77

3.BNB +0.02544 Price $393.02

4.XRP +12.37 Price $0.808604

5.LUNA +0.1092 Price $91.54

6.SOL +0.1117 Price $89.53

7.ADA +11.34 Price $0.882051

8.AVAX +0.1153 Price $86.72

9.DOT +0.534 Price $18.72

10.DOGE +83.5 Price $0.119722

Portfolio after purchases:

Total value: 1,214.34$

Total invested: 1200$

Profit/Loss: 14.34$

%Change: 1.2%

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!