100$ Split Into Top 10 Cryptocurrencies Every Week. Week #6 - It’s Getting Better, but Still Down

Intro

We are six weeks in, and there's finally light at the end of the tunnel of Red market. But we are not there yet. If there isn't another trend reversal in the markets this week, we might finally see some paper gains next week. Last week's post 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 # 06 - Down -5.64%

Pre-purchases

Total value: 471.75$

Total invested: 500$

Profit/Loss: 28.22$

Biggest winners of the week:

This week all the coins are winners, but some are bigger winners

1.SOL       -   17.1%

2.ETH       -   14.9%

3.DOT      -   13.2%

Biggest losers of the week:

This time also winners

1.AVAX   -   5.2%

2.BNB     -   5.8%

3.DOGE  -   5.9%

Week #6 -  pie chart 

Pie chart of holdings before acquisitions.

List of Top 10 cryptocurrencies and their prices at the moment.

Source

Changes in Top 10:

DOGE   -1 position

LUNA   +1 position

Purchases - 100$

1.BTC +0.00024      Price $41664.70

2.ETH +0.00334     Price $2994.61

3.BNB +0.02424     Price  $412.36

4.ADA +8.85           Price  $1.13             

5.SOL +0.08878      Price $112.67    

6.XRP +14.87          Price $0.672703

7.DOT +0.472         Price $21.19      

8.LUNA +0.1845     Price $54.22             +1 Position

9.DOGE +66.27      Price $0.150970        - 1 Position

10.AVAX +0.1315   Price $76.03

Portfolio after purchases:

Total value: 571.85$

Total invested: 600$

Profit/Loss: -28.15$

%Change: -4.69%

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!

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