06 Sep 2019
It's been a month since we started our Crypto Fund experiment in August 2019.
We invested $200 in these 5 cryptocurrencies:
Well, we had both ups and downs. Here's how our portfolio looks today compared to a month ago:
As you can see, our portfolio value has dropped by 5.31%, from 1000 USD to 946.94 USD. The biggest drop in value has been experienced by Maker and Ether, while Bitcoin sustained a bit smaller losses.
On the other hand, the two of our "moonshots" (as we named them in the previous blog post), Beam and Nimiq fared much better. Both of these cryptos have a very small market cap which gives them a bigger potential for growth, although nothing is certain, of course.
Beam grew by 7.83% and made us 15.65 USD. Nimiq did even better by growing for extraordinary 20.72% and going from 200 USD to 241.43 USD. Well done, Nimiq! :)
As of today, the cryptos in our portfolio are stacked like this:
If we look at this experiment as a car race, we can say that Nimiq is leading the pack with Beam behind it. Bitcoin will have to step up the gas pedal while Ether and Maker might want to consider replacing their cars. :)
Looking forward to see what September brings!
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