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100$ Split Into Top 10 Cryptocurrencies Every Week. Week #40 - $4000 In

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HungryMinded
@moneycanwork4you
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Intro

It's week 40. This means we are $4000 deep into the crypto market. And this experiment has been running for the better part of the year. There are only 12 weeks left until 2023. We have seen ups and downs. But sadly mostly downs. And we are still quite deep in the red territory. But this is all about the long game. We will keep going and waiting for the overall market sentiment to change. 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 # 40 - DOWN 34.06%

Pre-purchases

Total value: 2,576.69$

Total invested: 3900$

Profit/Loss: -1,323.36$

Portfolio vs BTC:

Overall:

Portfolio: -33.93%

BTC(same period): -33.1%

Last week we were a bit ahead of btc, but this week btc is doing a bit better.

Portfolio vs the S&P500 YTD:

Overall:

Portfolio: -33.93%

S&P500 YTD: -24.8%

Biggest winners of the week:

1.BNB         -          4.5%

2.MATIC     -          4.1%

3.TRX        -          2.4% 

Biggest losers of the week:

1.XRP       -       -10.5%

2.ADA       -       -5.5%

3.AVAX       -       -3.7%

Week #40 -  pie chart 

Pie chart of holdings before acquisitions.

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

Changes in Top 10:

STETH - Out MATIC - IN

Purchases - 100$

1.BTC +0.0005202   Price $19215.34

2.ETH +0.00773     Price $1293.69

3.BNB +0.03496     Price  $286.13

4.XRP +22.58       Price $0.442807

5.ADA +23.65         Price  $0.422777

6.SOL +0.3092        Price $32.33

7.DOGE +167.3      Price $0.059793

8.DOT  +1.602       Price $6.24

9.SHIB +903998   Price $0.00001106

10.MATIC +12.97   Price $0.770901

Portfolio after purchases:

Total value: 2,675.67$

Total invested: 4000$

Profit/Loss: -1,324.35$

%Change:  -33.11%

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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Posted Using LeoFinance Beta

Posted Using LeoFinance Beta