100$ Split Into Top 10 Cryptocurrencies Every Week. Week #34 Slight Setback
Intro
Holding crypto comes with ups and downs. And last week hasn't been the best. But during these 34 weeks, I've sure seen worse. This is a slight setback for the experimental portfolio. And the return to positive territory is delayed. But the experiment will keep running.
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 # 34 - DOWN 36.84%
Pre-purchases
Total value: 2,084.31$
Total invested: 3300$
Profit/Loss: -1,215.75$
Portfolio vs BTC:
Overall:
Portfolio: -36.84%
BTC(same period): -32.77%
Portfolio vs the S&P500 YTD:
Overall:
Portfolio: -36.84%
S&P500 YTD: -11.3%
Biggest winners of the week:
Not really winning though:
1.TRX - -8%
2.BNB - -9%
3.XRP - -11.5%
Biggest losers of the week:
1.SOL - -24.2%
2.SHIB - -24.1%
3.ADA - -23.0%
Week #34 - pie chart
Pie chart of holdings before acquisitions.
List of Top 10 cryptocurrencies and their prices at the moment.
Changes in Top 10:
ADA -1
XRP +1
Purchases - 100$
1.BTC +0.0004765 Price $20989.91
2.ETH +0.006415 Price $1559.15
3.BNB +0.03436 Price $291.07
4.XRP +29.76 Price $0.336090
5.ADA +22.58 Price $0.442792
6.SOL +0.292 Price $34.26
7.DOGE +151.2 Price $0.066161
8.DOT +1.406 Price $7.11
9.SHIB +774900 Price $0.00001291
10.STETH +0.0066 Price $1514.49
Portfolio after purchases:
Total value: 2,198.15$
Total invested: 3400$
Profit/Loss: -1,201.87$
%Change: -35.35%
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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