100$ Split Into Top 10 Cryptocurrencies Every Week. Week #36 - A Good Week
Intro
Just another week of cryptoverse. Another week of investing 100$ into top 10 cryptos. And for a change we have seen some green this week. Most of the coins are up. But we are still a long way from breakeven and even a longer one from profit. Let's keep holding. Buying the dip and waiting for the next bull run for all of this to finally pay off.
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 # 36 - DOWN 35.59%
Pre-purchases
Total value: 2,254.26$
Total invested: 3500$
Profit/Loss: -1,245.79$
Portfolio vs BTC:
Overall:
Portfolio: -35.59%
BTC(same period): -34.72%
We are really closing in on BTC
Portfolio vs the S&P500 YTD:
Overall:
Portfolio: -35.59%
S&P500 YTD: -17.7%
Biggest winners of the week:
1.ADA - 12.9%
2.MATIC - 11%
3.DOT - 9.2%
Biggest losers of the week:
1.BNB - -0.8%
2.DOGE - -0.2%
3.XRP - -0%
Week #36 - 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 position
XRP -1 position
DOT +1 position
DOGE -1 position
DAI Out
STETH IN
Purchases - 100$
1.BTC +0.0005055 Price $19781.78
2.ETH +0.00638 Price $1567.37
3.BNB +0.0363 Price $275.46
4.XRP +30.76 Price $0.325017
5.ADA +20.58 Price $0.485836
6.SOL +0.3176 Price $31.48
7.DOGE +161.6 Price $0.061859
8.DOT +1.333 Price $7.50
9.SHIB +809000 Price $0.00001236
10.STETH +0.00658 Price $1519.58
Portfolio after purchases:
Total value: 2,335.35$
Total invested: 3600$
Profit/Loss: -1,264.65$
%Change: -35.13%
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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