100$ Split Into Top 10 Cryptocurrencies Every Week. Week #11 - Getting Closer To Breakeven Intro Last week we broke the barrier of 1000$ invested. This week we are a little bit closer to the breakeven point. Luna is still on a streak. And is now taking up 15% of the total value of our experimental portfolio. The markets have been a bit nicer to our little experiment. Hopefully, this trend will continue, but if not - we'll keep buying the dip! Last week's update here! https://read.cash/@MoneyCanWorkForYou/100-split-into-top-10-cryptocurrencies-every-week-week-10-1000-in-64623617
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 # 11 - Down -5.94% Pre-purchases Total value: 940.56$ Total invested: 1000$ Profit/Loss: -59.42$
**Biggest winners of the week:** LUNA is on a streak, first place for 3 weeks in a row. 1.LUNA - 18.1% 2.XRP - 6.1% 3.DOT - 3.9% **Biggest losers of the week:** 1.DOGE - -4.5% 2.SOL - -3.7% 3.ADA - -2.5% Week #11 - pie chart Pie chart of holdings before acquisitions.
List of Top 10 cryptocurrencies and their prices at the moment.
Source https://www.coingecko.com/en Changes in Top 10: DOT +1 position AVAX -1 position Purchases - 100$ 1.BTC +0.0002565 Price $38988.64 2.ETH +0.003867 Price $2585.78 3.BNB +0.0271 Price $369.00 4.XRP +13.03 Price $0.767581 5.LUNA +0.1073 Price $93.24 6.SOL +0.1231 Price $81.25 7.ADA +12.48 Price $0.801408 8.DOT +0.5675 Price $17.62 +1 position 9.AVAX +0.142 Price $70.42 -1 position 10.DOGE +87 Price $0.114959 Portfolio after purchases: Total value: 1,036.90$ Total invested: 1100$ Profit/Loss: -$63.09$ %Change: -5.74% 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! Follow me on Twitter https://twitter.com/moneycanwork4u Follow me on **Medium** https://medium.com/@MoneyCanWorkForYou Follow me on Publis0x https://www.publish0x.com/?a=xkazmgYOeJ Support me by using my affiliate links! https://linktr.ee/MoneyCanWorkForYou
3 comments
I'm looking forward to see how this progresses. I am following a DCA with mostly Bitcoin and Ethereum. It will be great to compare at the year end.
So far Bitcoin has been outperforming my overall experimentally portfolio, but this might change if we see an uptrend in the markets.
I brought btc, doge, shib, vet. Buy unfortunately they are in very down now. I don’t know when they will give me profit. I hope it will be very soon😌