Crypto Daily: The Growth of the Top-5 Portfolio by 15% in a Week and 90% in Six Months
Today we continue to talk about our experiment in rebalancing a portfolio from the Top-5 cryptocurrencies. Last week, the value of our portfolio increased significantly due to Bitcoin, and reached more than $16,000. Let’s take a look at how our portfolio has changed over the past 7 days:
As we can see, our portfolio has undergone significant changes in a positive direction. In just 7 days, the value of our assets increased by 15.2%, and this is a repeat of the best growth result during our experiment. In total, the portfolio gained $2,500 over the week and this is an absolute record. This means that our initial investment has increased by almost 90% in six months!
XRP became the undisputed growth leader this time, with a record growth rate during our experiment at 93%. In just 4 days, XRP was able to increase its value more than 2.5 times, from $0.3 to $0.8. Now, we are seeing a pullback from the maximum positions, which can stop in the range of $0.5 — $0.45.
Taking second, in terms of growth, was CRPT. CRPT also increased significantly over the week, growing +12.38%. Earlier we said that CRPT is in an excellent accumulation zone, and that it is from there that further growth is possible. Now our words have been confirmed, and CRPT has begun to grow, which may continue up to $0.28 — $0.3.
Ethereum is not far behind the second place with an indicator of +11.51%. Just like XRP, all the gains occurred in 4 days, during which ETH set an annual high at $623. After that, a rollback occurred, which continues to this day. Most likely, the price will test the $500 level within a week.
Next came LTC with +4.29% growth. Its price had significant dynamics during these 7 days and increased 27% at the maximum point. Currently, some signs point to a further decline in the $60- $65 zone.
Although Bitcoin practically did not change in value, it set several annual highs at once during the week. At the same time, it got as close as possible to the historical maximum, lacking just 2% — 3% in order to break through it. After that, the price reversed and went down. Within a week, we expect to see a slide towards $16,000.
The structure of our portfolio has changed significantly, and therefore we will carry out a new portfolio rebalancing. Note that the previous rebalances, when we purchased XRP and CRPT, given their result the portfolio increased due to this by 8%.
Today we will be selling XRP and LTC and buying the rest of the coins. The distribution will be carried out as follows:
The past week turned out to be very dynamic for the entire crypto market and this was largely reflected in the portfolio. In the next 7 days, high volatility will remain and perhaps we will see a correction in the entire market.
