Crypto Academy week 11 - Homework post for @yohan2on

INTRODUCTION

I haven’t really had a clear crypto portfolio. From the lesson by professor @yohan2on, it’s clear that a portfolio is really important. Below, I have completed the task given by the professor.

I invested in 6 coins for over 30 hours. I’m going to mention the coins before going to the results of my investment.

Bitcoin

As the professor stated, we need to consider a major coin in our investment portfolio. Well I decided to go for the big boy, BTC. As the first official cryptocurrency, BTC is a driving force in the market. Even if other coins come and go, this one is here to stay. That makes it a safe investment.

With the recent fall in the price of BTC, I had to buy it before it got to $60k again. I didn’t quite get the best entry point but I got in. I got in at $54279 with &13.

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Aelf (ELF)

After discovering this coin, I’ve always had my eye on it. With a very dedicated team of experts behind the project, ELF has been performing well. With a circulating supply of 544 million, this coins caught my eye really easily. I would describe ELF as a blockchain of blockchains because the project is gilded to help blockchain developers. I initially invested in it before it boomed back in the middle of April. For this assignment, I bought a worth of $9.69 at the price of $0.4386.

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BitTorrent (BTT)

A product of the Tron Foundation, BTT has a lot of sentiments around it. Being a hot token in a major exchange like binance, BTT seems promising. I initially bought the coin back in Easter after I saw it test a resistance. My investment, then, doubled and I took profit after it started to drop. Digging deeper on the project, I decided to add it to my portfolio again as a passive income coin. For this assignment, I bought 1426 BTT with $10 at $0.0070113.

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Doge

The doge coin is a clear evidence that anything is possible. From a social media meme, the doge coin has seen massive growth since the year began. After overtaking trx in my list, I knew I had to get this coin in the assignment. I saw the doge coin graph and it looked like it was about to break a resistance so I quickly moved in. I bought 34 doge coins for $11 at $0.3163 for one.

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Everex (EVX)

Yet another coin in my investment list. While looking for coins with low supply to invest in back in March, I came upon EVX. With a supply of 25 million, I have had this feeling that EVX will be like Bitcoin someday. I might be wrong but it wouldn’t hurt to invest in a small amount now. After seeing the All time High at $7, I have a good feeling about the coin. I bought 7.993 EVX for $9.76 at a price of $1.184617 which I felt was a good position.

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USDT

So with all the investments, I had to protect myself with a stablecoin. USDT has had a lot of fluctuations in that past weeks. But it has always returned to that $1 value. I went ahead to get 9.88USDT at $9.88.

My portfolio

Keeping track of these investments was the greatest hurdle for me. I tried blockfolio, Delta and even the coin stats app but they all had bugs. So I decided to input my investments manually on CoinMarketCap.

_{The coins on Binance}

_{CoinMarketCap portfolio}

As you can see, all my coins did well increasing in value from the time of investment. Doge did the most with a 12.38% increase. My overall gain is a 2.91% increase. Not bad if you ask me.

At the time of my investment, my portfolio as worth $63.73.

At the time of writing this post, the portfolio was worth $67.02. Although I’m not satisfied with the results, I’m happy that I gained a little experience with a close portfolio watch.

CONCLUSION

This task was very practical. It was thrilling making the investments and watching them grow. The idea of a crypto portfolio is genius and I would continue to implement it.

Special thanks to @yohan2on