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100$ split into top 10 cryptocurrencies every week. WEEK #3

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Written by   56
8 months ago

I originally posted this on publish0x

Intro

It's the third week of my experiment and we are finally in the green. The portfolio is currently up +0.4%. That's a great improvement from last week. 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. Last week was better for the crypto market in general. But especially for some coins. For example, Dogecoin, because Elon Musk announced that Tesla will accept dogecoin for some of the companies merch items.

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 # 03 - up 0.4%

Pre-purchases

 

Total value: 200.77$

Total invested: 200$

Profit/Loss: 0.77$

 

Biggest winners of the week:

This week biggest winners are still losers:

1.LUNA   -   27.0%

2.ADA     -   17.6%

3.DOGE  -   16.8%

Biggest losers of the week:

The biggest losers this week are still gainers, none of the coins went down this week.

1.BTC     -   3.0%

2.SOL    -   3.2%

3.XRP    -   3.9%

 

Week #3 -  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

AVAX    -1 position

Purchases - 100$

1.BTC +0.0002325  Price $43000.39

2.ETH +0.002985   Price $3351.07

3.BNB +0.01997    Price  $500.76

4.SOL +0.06779    Price  $147.57

5.ADA +7.09         Price $1.41

6.XRP +12.81        Price $0.780417

7.DOT +0.361       Price $27.70

8.LUNA +0.1159   Price $86.29

9.DOGE +56.1       Price $0.178170

10.AVAX +0.1078  Price $92.76

 

 

Portfolio after purchases:

Total value: 302.02$

Total invested: 300$

Profit/Loss: 2.03$

%Change: +0.68%

 

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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Written by   56
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