100$ Split Into Top 10 Cryptocurrencies Every Week. Week #32 Best week in a while
Intro
For a long time markets have been mostly in red territory. And it has been quite discouraging to look at the portfolio. But this week has really put a dent into the losses. Yes, we are still down a lot. But maybe the trend has finally been reversed. Let's hope for the best and keep Hodling.
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 # 32 - DOWN 27.56% (almost 5% up from last week)
Pre-purchases
Total value: 2,245.53$
Total invested: 3100$
Profit/Loss: -854.50$
Portfolio vs BTC:
Overall:
Portfolio: -27.56%
BTC(same period): -24.25%
The gap between the performance of BTC and the experimental portfolio is shrinking.
Portfolio vs the S&P500 YTD:
Overall:
Portfolio: -27.56%
S&P500 YTD: -13%
Biggest winners of the week:
1.AVAX - 20.9%
2.BNB - 16.5%
3.DOT - 6.4%
Biggest losers of the week:
all are up a bit
1.XRP - 0.3%
2.SOL - 0.9%
3.Matic - 1.0%
Week #32 - 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
ADA +1
AVAX IN
MATIC OUT
Purchases - 100$
1.BTC +0.0004146 Price $24109.58
2.ETH +0.005645 Price $1771.02
3.BNB +0.0303 Price $330.17
4.ADA +18.34 Price $0.545462
5.XRP +26.14 Price $0.382549
6.SOL +0.2345 Price $42.63
7.DOT +1.075 Price $9.30
8.DOGE +140.6 Price $0.071096
9.AVAX +0.342 Price $29.23
10.SHIB +803000 Price $0.00001245
Portfolio after purchases:
Total value: 2,346.66$
Total invested: 3200$
Profit/Loss: -853.38$
%Change: -26.67%
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!
One last thing
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