100$ Split Into Top 10 Cryptocurrencies Every Week. Week #13 - $190 In The Green!

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Avatar for MoneyCanWorkForYou
2 years ago

Intro

This has been the best week for my experimental portfolio. Looks like the sea of red is finally behind us and better times have come. The portfolio is currently up more than 15% overall. After weeks of poor performance, Cardano has come out as the top performer this week. With Dogecoin and Solana following suite. This week all the coins are doing great. 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.

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Week # 13 - UP 15.87%

Pre-purchases

Total value: 1390.07$

Total invested: 1200$

Profit/Loss: 190.07$

Biggest winners of the week:

Cardano has risen to the top.

1.ADA - 34.9%

2.DOGE - 24.7%

3.SOL - 22.8%

Biggest losers of the week:

Cant call these losers, let's say worst performers

1.LUNA - 4.9%

2.AVAX - 6.9%

3.XRP - 7.3%

Week #13 - pie chart

Pie chart of holdings before acquisitions.

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

Changes in Top 10:

ADA +2 positions

LUNA -2 positions

DOT +1 position

AVAX -1 position

Purchases - 100$

1.BTC +0.0002133 Price $46897.50

2.ETH +0.00302 Price $3311.00

3.BNB +0.02313 Price $432.22

4.XRP +11.58 Price $0.863362

5.ADA +8.473 Price $1.18

6.SOL +0.092 Price $108.73

7.LUNA +0.1049 Price $95.30

8.DOT +0.4395 Price $22.75

9.AVAX +0.11 Price $90.94

10.DOGE +67 Price $0.149259

Portfolio after purchases:

Total value: 1,491.31$

Total invested: 1300$

Profit/Loss: 191.31$

%Change: 14.72%

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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$ 0.40 from @TheRandomRewarder
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$ 0.01 from @CryptoIsBeautiful
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2 years ago

Comments

Awesome. Thanks for the update. 👍

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2 years ago