100$ Split Into Top 10 Cryptocurrencies Every Week. Week #44 - Beating S&P 500
This week has been fantastic. Largely thanks to Elon Musk buying Twitter. Dogecoin is up over 100% this week. And other coins aren't doing bad as well. This week we have eliminated almost half of our losses. One more week like this and it's breakeven. But it probably won't happen that fast. But we are currently outperforming S&P500. Last week's update here.
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.
Total value: 3,530.34$
Total invested: 4300$
BTC(same period): -25.03%
We are ahead of Bitcoin once again.
S&P500 YTD: -18.2%
Our portfolio is currently in the lead.
1.DOGE - 101.2%
2.SHIB - 20.7%
3.ETH - 17.9%
1.XRP - -2.3%
2.TRX - 1.7%
3.MATIC - 2.2%
Pie chart of holdings before acquisitions.
1.BTC +0.0004855 Price $20598.14
2.ETH +0.00616 Price $1623.25
3.BNB +0.03065 Price $326.31
4.XRP +21.7 Price $0.460748
5.DOGE +82 Price $0.121954
6.ADA +24.35 Price $0.410617
7.SOL +0.2946 Price $33.93
8.MATIC +10.82 Price $0.924179
9.DOT +1.47 Price $6.80
10.STETH +0.00617 Price $1621.30
Total value: 3,652.06$
Total invested: 4400$
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
Feel free to comment and leave some feedback.
Good luck with your investments! Let the money do the work!