Crypto Academy ||Season 2|| Week 3||Homework Post for @yohan2on Cryptocurrency Investment portfolio
Briefly Explain why you have chosen the cryptocurrencies to invest.
I will create a cryptocurrency portfolio. I create this portfolio virtual. I use coinmarketcap site to create my portfolio. I select the seven cryptocurrencies for investment. There are FTX, Telcoin, Ethereum, Tether, Qtum, Theta and BitTorrent. Now I will explain one by one that why I am selecting these coins for the investment.
Ethereum
Ethereum is goes through one by one in given transition. The fees of Ethereum transaction is started to decline in minor amount, and it affects the price of crypto Ethereum. And things is beneficial for us to have big coin like Ethereum in our portfolio. AS we can see in the Chart The Technical analyses of Ethereum say that it price is not cross the down limit $2047. Its chart looks good. This is way I am select this coin in my portfolio.
FTX Token
FTX is one the famous exchanges is last couple of month and so far. It is most suitable for the leveraged transactions. This exchange is highly recommended by the user. The development and growth of This FTX exchange is also goes up and FTX Token price is also increased. If we examine the chart technically, the chart looks good. It reaches its highest level after a while that $60.
Telcoin
As we see in the chart Tecoin is fell into penny category. Its chart is not important. If we talk about the signaled then its price is increased. Telcoin falls under the penny of cryptocurrency category. Penny category is sometime goes up very high. We can say that it like a lottery going out. In this way it can improve you downed portfolio.
Qtum
It is very famous project of last year. Qtum is starting to giving support to Defi Projects. But its inflation is low. Only 9% of Qtum is produces. Qtum has reaches it peak as $100 during the previous bull run. Now it is reached to its previous position. As we examine the chart it price is down by 50% compared to the last week. This price down is good opportunity for us to buy. The chances is high to increase the price.
Theta
Theta is the major NFT projects, even the most famous. As a result, it is very popular in NFTs recently, Theta is placed and listed on new exchanges, this cause the price is increase. Another aspect is that Theta is will no longer be produced. its total supply is now equal due the circulating the supply. It is positively affected on its price that it will no longer produced. If examine the chart Technicaly, Theta price is downed by 40% in the previous week, and this was a better opportunity to buy. When I analysis the Theta chart, I observe that it was about to exceed the resistance level, and it is sign that the price will break.
Bit Torrent
It basically supported by the Tron Exchange. It is type of block chain that provide the solution to the problem industry. The price of BitTorrent is behind the 50% for last couple of weeks. If we examine the chart of BitTorrent it is stayed at the place where it is a chance to increase its price.
Ethereum:
Price Before
Price After
Price of Ethereum purchase: $2559.66
Current price of Ethereum: $2812.86
Holding Amount Ethereum: $25.67
Total Profit / Loss: +1.56$
Iincrease in percentage: 7.15%
Tether:
Price Before
Price After
Price of Tether purchase: $1.00
current price of Tether: $1.00
Holding Amount Tether : $ 20.00
Total Profit / Loss: 0$
Iincrease in percentage:0%
Telcoin:
Price Before
Price After
Price of Telcoin purchase: $0.00640
Current price of Tecoin: $0.00700
Holding Amount Telcoin: $20.43
Total Profit / Loss: 2.50$
increase in percentage: 9.15%
FTX Token:
Price Before
Price After
Price of FTX Token purchase: $53.69
current price of FTX Token: $53.76
Holding Amount FTX Token: $25.21
Total Profit / Loss: 0.5 $
increase in percentage: 10%
Qtum:
Price Before
Price After
Price of Qtum purchase: $15.27
current price of Qtum: $14.77
Holding Amount Qtum: $34.40
Total Profit / Loss: 0.5 $
Iincrease in percentage: 9%
Theta:
Price Before
Price After
Price of Theta purchase: $10.20
current price of Theta: $11.49
Holding Amount Theta: $ 45.32
Total Profit / Loss: 5.19$
Iincrease in percentage: 16.34%
BitTorrent:
Price Before
Price After
Price of BitTorrent purchase: $0.00700
current price of BitTorrent: $0.007245
Holding Amount BitTorrent: $ 37.50
Total Profit / Loss: 3.15$
Iincrease in percentage: 15%
Is my portfolio in Profit or Loss
As we can see that my total portfolio is in profit. Theta is increased by 7.50 as this Qtum +1.07, BitTorrent $2.82, Telcoin +2.40, FTX Token +1.28 and Ethereum +1.23.
I have made Total profit of $10.34.
Which coin is decline and made loss or all make profit?
As we can see the profit and loss the price of Cryptocurrencies in increased. As we see in my portfolio the theta is prove to be more profitable than any other token.
In the present condition I face no countable loss with respect to any crypto asset.
What is the Growth Percentage of Your trading portfolio within two days.
I invested approximately $ 208.
I made a profit of +10.34.
10.34 +208 = 218.34
Growth percentage: 208 /218.08 = 9.54%
NOTE: All the Screenshot are taken from coinmarketcap site.
In today’s world cryptocurrencies developed well. Every want to make profit by doing investment in these cryptocurrencies. This is because we also want to make profit by doing investment in cryptocurrencies. This lecture is very important in the context of investment. I learn many things form this lecture. I have leant how to invest in different currencies.
THANK YOU
Thank to Professor:
@yohan2on
@kouba01
Written By:
@abdulsabor
Hello @abdulsabor,
Thank you for participating in the 3rd Week Crypto Course in its second season and for your efforts to complete the suggested tasks, you deserve a 7/10 rating, according to the following scale:
My review :
A good-content article with a successful experience in trading cryptocurrencies, albeit virtual, but it stills useful and motivating for you to enter this promising world. The justification for choosing some tokens was not convincing, and the results obtained were not analyzed.
Thanks again for your effort, and we look forward to reading your next work.
Sincerely,@kouba01
Thank you very much for kind response.