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100$ split into top 10 cryptocurrencies every week. WEEK #2

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Written by   56
8 months ago

Top 10 cryptos portfolio experiment

Week # 02 - down 16.82%

 

Intro

This is the beggining of the second week of my experimental portfolio, you can check out the last post here. And follow me for further updates. I am going to post an update of the performance, purchases and other aspects of this experiment every week. First week shows a negative performace reflective of the whole crypto market. But this is just the beggining of at least 52 weeks of this experiment, and the tides can change.

About the experiment

Follow along my journey  of investing 100$ every week split equally into Top 10 crypto currencies at the time. I will post updates about the overall growth of my experimental portfolio as well as some insights about 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 into 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 # 02 - down 16.82%

Pre-purchases

At the time of writing this my portfolio has lost 16.82% of it's value, as this is the first week and the total amount invested is 100$, this equals to 16.82$

Total value: 83.18$

Total invested: 100$

Profit/Loss: 16.82$

 

Biggest winners of the week:

This week biggest winners are still losers:

1.BTC     -   -11.13%

2.XRP     -  -12.03%

3.DOGE -  -12.74%

Biggest losers of the week:

1.AVAX -   -23.12%

2.LUNA -  -19.83%

3.SOL -    -19.75%

 

Week #2 -  pie chart 

Pie chart of holdings before aquisitions.

 

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

Source

No changes in the Top 10 this week.

Purchases - 100$

1.BTC +0.000237  Price $42,174.70

2.ETH +0.003157  Price $3,166.75

3.BNB +0.02274   Price  $439.69

4.SOL +0.0693     Price  $144.28

5.ADA +8.4          Price $1.19

6.XRP +13.18       Price $0.758429

7.DOT +0.3965    Price $25.21

8.LUNA +0.1375  Price $72.74

9.AVAX +0.112    Price $89.27

10.DOGE +65.3   Price $0.153198

 

Portfolio after purchases:

Total value: 184.07$

Total invested: 200$

Profit/Loss: 15.93$

%Change: -7.97%

 

Pie chart after purchases:


Stay tuned for 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 loser of portfolio

Thank you for reading!

The article was firt published on publish0x.

Feel free to comment and leave some feedback.

Good luck with your investments! Let the money do the work!

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Written by   56
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