How is my "High DS, Low MC" Portfolio Doing?
Hello everyone! Slightly more than 2 weeks ago, I posted an article listing some crypto projects that are being actively developed but the price hasn't really caught up yet. I even created a dummy portfolio on Blockfolio to track the list of projects.
Today, let's take a look at how this portfolio is doing.
Overall Returns
The portfolio started with $3600 ($100 for each project). Overall, it made a modest gain of about 5.4% in terms of USD. However, in altcoin trading, we should always try to outperform Bitcoin. If not, then why bother trading altcoins? Bitcoin rose from about $3850 to $4040 now, which is also about 5% gain. So the portfolio only did slightly better than Bitcoin.
Top Gainers
Here are the list of top 7 performers. Of which $XSN almost doubled in price. The rest are also doing very well, having more than 20% gains.
Top Losers
Here are the list of worst performers. With $RED losing almost half it's value and the rest having more than 10% losses.
Conclusion
Overall the portfolio has a net gain. But it isn't outperforming Bitcoin by much. We will have to monitor it further to see how it progresses. Thanks for reading!
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