100$ Split Into Top 10 Cryptocurrencies Every Week. Week #41 - Slowly Recovering
Intro
41 weeks in, we have experienced a lot of turmoil. This has been a pretty bad year for investing. Not only in the crypto space, but overall. Even the S&P500 index fund is down by more than 20%. But this week was a bit better for us. The amount of losses is slowly shrinking. But there is still a long way ahead of us. 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 # 41 - DOWN 30.74%
Pre-purchases
Total value: 2,770.21$
Total invested: 4000$
Profit/Loss: -1,229.80$
Portfolio vs BTC:
Overall:
Portfolio: -30.74%
BTC(same period): -31.58%
Portfolio vs the S&P500 YTD:
Overall:
Portfolio: -30.74%
S&P500 YTD: -23.6%
Biggest winners of the week:
1.XRP - 17.0%
2.MATIC - 8.2%
3.TRX - 5.5%
Biggest losers of the week:
1.BNB - -8.9%
2.SHIB - -2.8%
3.ADA - -0.0%
Week #41 - pie chart
Pie chart of holdings before acquisitions.
List of Top 10 cryptocurrencies and their prices at the moment.
Changes in Top 10:
no changes
Purchases - 100$
1.BTC +0.000515 Price $19411.14
2.ETH +0.007587 Price $1318.28
3.BNB +0.03605 Price $277.26
4.XRP +18.98 Price $0.527105
5.ADA +23.66 Price $0.422621
6.SOL +0.3036 Price $32.95
7.DOGE +161.4 Price $0.061978
8.DOT +1.56 Price $6.41
9.SHIB +909998 Price $0.00001099
10.MATIC +12.05 Price $0.829646
Portfolio after purchases:
Total value: 2,872.36$
Total invested: 4100$
Profit/Loss: -1,227.65$
%Change: -29.94%
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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