100$ Split Into Top 10 Cryptocurrencies Every Week. Week #23 - new coin - TRON
Intro
Although the portfolio is down substantially, this week has been the best in a while. And we are still buying the dip. Have we reached the bottom yet? Or are the losses going to grow next week? Tune in to find out. This week a new coin Tron entered the Top10.
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 # 23 - DOWN 40.56%
Pre-purchases
Total value: 1,307.70$
Total invested: 2200$
Profit/Loss: -892.38$
Portfolio vs BTC:
Overall:
Portfolio: -40.56%
BTC(same period): -18.48%
Portfolio vs the S&P500 YTD:
Overall:
Portfolio: -40.56%
S&P500 YTD: -13.8%
Biggest winners of the week:
1.ADA - 31.6%
2.WBTC - 6.5%
3.BTC - 6.5%
Biggest losers of the week:
1.LUNC - -14.0%
2.SOL - -2.5%
3.DOT - -0.8%
Week #23 - pie chart
Pie chart of holdings before acquisitions.
List of Top 10 cryptocurrencies and their prices at the moment.
Changes in Top 10:
XRP -1 position
ADA +1 position
DOT -1 position
DOGE +1 position
TRX IN
STETH OUT
Purchases - 100$
1.BTC +0.000318 Price $31436.83
2.ETH +0.005255 Price $1902.36
3.BNB +0.03225 Price $310.20
4.ADA +15.73 Price $0.635754
5.XRP +24.55 Price $0.407268
6.SOL +0.2274 Price $43.99
7.DOGE +118.5 Price $0.084409
8.DOT +1.012 Price $9.88
9.WBTC+0.0003187 Price $31380.24
10.TRX +118.4 Price $0.084443
Portfolio after purchases:
Total value: 1,409.03$
Total invested: 2300$
Profit/Loss: -891.06$
%Change: -38.74%
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!
