100$ Split Into Top 10 Cryptocurrencies Every Week. Week #37 - Green

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1 year ago

Intro

This was another fairly good week for the crypto experiment. Almost all the coins are up for the week. And we are one small step closer to the breakeven point. But overall the portfolio is still down quite a lot. Let's see if the future will keep bringing positive results. For now I will keep going and buying more.

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 # 37 - DOWN 29.73%

Pre-purchases

Total value: 2,529.66$

Total invested: 3600$

Profit/Loss: -1,070.36$

Portfolio vs BTC:

Overall:

Portfolio: -29.73%

BTC(same period): -25.92%

even closer to BTC than last week

Portfolio vs the S&P500 YTD:

Overall:

Portfolio: -29.73%

S&P500 YTD: -14.7%

Biggest winners of the week:

1.STETH - 11.8%

2.ETH - 11%

3.BTC - 10.9%

Biggest losers of the week:

1.MATIC - -0.8%

2.DOGE - 0.6%

3.TRX - 0.8%

Week #37 - 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

Purchases - 100$

1.BTC +0.000452 Price $22121.73

2.ETH +0.005699 Price $1755.53

3.BNB +0.0338 Price $295.95

4.XRP +28.35 Price $0.352667

5.ADA +19.64 Price $0.509367

6.SOL +0.2823 Price $35.44

7.DOGE +157 Price $0.063709

8.DOT +1.29 Price $7.75

9.SHIB +766000 Price $0.00001306

10.STETH +0.00586 Price $1706.55

Portfolio after purchases:

Total value: 2,634.22$

Total invested: 3700$

Profit/Loss: -1,065.81$

%Change: -28.81%

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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