100$ Split Into Top 10 Cryptocurrencies Every Week. Week #21

Intro

Just another week of running the experimental portfolio. Nothing too spectacular happened this week. After the dramatic week before with LUNA crashing hard. I got some questions about why I included Wrapped Bitcoin if I didn't include stable coins. And the answer is - I chose to not include stable coins because they are not volatile. At least they aren't supposed to be. But UST proved everyone wrong. Anyhow there is no upside potential with stable coins. Wrapped bitcoin is a different story. And although it's almost like including bitcoin twice, I decided to go with it when it reached the top10 (excluding stable coins). But this week Wrapped Bitcoin got pushed out.

Check out the previous 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 # 21 - DOWN 42.34%

Pre-purchases

Total value: 1,153.32$

Total invested: 2000$

Profit/Loss: -846.78$

Portfolio vs BTC:

Overall:

Portfolio: -42.34%

BTC(same period): -23.29%

Portfolio vs the S&P500 YTD:

Overall:

Portfolio: -42.34%

S&P500 YTD: -18.1%

Biggest winners of the week:

Only BNB is green.

1.BNB    -          4.8% 

2.WBTC  -        -2.8%

3.BTC    -        -2.9%

Biggest losers of the week:

1.AVAX         -     -12.8%

2.DOT          -     -12.7%

3.LUNA        -     -11.1%

Week #21 -  pie chart 

Pie chart of holdings before acquisitions.

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

Source

Changes in Top 10:

DOGE        +1 position

DOT          -1 position

STETH            IN

WBTC            OUT

Purchases - 100$

1.BTC +0.0003295   Price $30362.82

2.ETH +0.00486      Price $2057.77

3.BNB +0.03055     Price  $327.20

4.XRP +23.7            Price  $0.421892

5. ADA +18.27        Price $0.547368  

6.SOL +0.188          Price $53.19      

7.DOGE +114.2       Price $0.087550

8.DOT  +0.974         Price $10.27

9.AVAX +0.3178      Price $31.48

10.STETH+0.00497 Price $2011.33  

Portfolio after purchases:

Total value: 1,251.28$

Total invested: 2100$

Profit/Loss: -848.82$

%Change:  -40.42%

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!