EXPERIMENT - Tracking 2019 Top Ten Cryptocurrencies – Month Forty-Two - UP +126%
The full blog post with all the tables is here.
Welcome! This is the latest report for my homemade 2019 Top Ten Crypto Index Fund. This group contains BTC, XRP, ETH, BCH, EOS, XLM, USDT, LTC, BSV, and Tron.
tl;dr:
What's this all about? I purchased $100 of each of Top 10 Cryptos in Jan. 2018, no selling or trading, reporting monthly for 4.5 years. Did the same in 2019, 2020, 2021, and 2022. Learn more about the history, rules, and FAQs of the Experiments (including the answer to the "WHY TETHER?!?!" question) here.
Month 42 update (since Jan. 2019): ETH in the overall lead, followed by BTC then Tron
2019 Top Ten Portfolio up +126%, 50% of coins in the green. Total market +580% over same time period.
- 2018+2019+2020+2021+2022 Combined Top Ten Portfolios are returning +53% compared to +19% with S&P500 if invested similarly.
Month Forty-Two – UP 126%
The 2019 Top Ten Crypto Index Fund consists of: BTC, XRP, ETH, BCH, EOS, Stellar, USDT, Litecoin, BSV, and Tron.
June highlights for the 2019 Top Ten Crypto Portfolio:
All cryptos significantly down, except BSV, which breaks even
Ethereum in overall lead since January 2019. Second place is Bitcoin followed by third place Tron.
June Ranking and Dropout Report
Here’s the difference in rank since January 2018:
Top Ten dropouts since January 2019: After forty-two months, 60% of the cryptos that started in the Top Ten in January 2019 have been knocked out. EOS, Litecoin, BSV, Stellar, Bitcoin Cash, and Tron are out of the Top Ten replaced by BNB, BUSD, DOGE ADA, SOL, and USDC
EOS has fallen the furthest so far (#48).
June Winners and Losers
June Winners – BSV virtually broke even (-1%), good enough for the monthly victory.
June Losers – BCH and ETH struggled this month, finishing -45% and -43%, respectively.
Overall Update: ETH outperforms its peers, half of cryptos in positive territory, EOS at the bottom
ETH (+666% since Jan. 2019) continues to be the best performer of this group. In second place is BTC (+410%) followed by third place Tron (+233%).
The $100 investment into first place ETH on January 1st, 2019 is currently worth $786.
After forty-two months, 50% of the cryptos in the 2019 Top Ten Portfolio are in positive territory. The worst performer is EOS (-65%).
Total Market Cap for the Entire Cryptocurrency Sector:
The entire cryptocurrency sector is up +580% since January 2019.
This is still behind first place ETH (+666%) but much better than the rest of the Top Ten cryptos, including second place Bitcoin (+410%).
The total market is performing much better than the Top Ten approach (+126%) as well.
Crypto Market Cap Low Point in the 2019 Top Ten Crypto Index Experiment: $114B in January 2019.
Crypto Market Cap High Point in the 2019 Top Ten Crypto Index Experiment: $2.65T in October 2021.
Bitcoin Dominance:
BitDom ended the month at 42.2%. As you can see on the chart above, it has remained fairly steady over the last twelve months or so.
For context, here are the high and low points of BTC domination over the life of the 2019 Experiment:
Low Point in the 2019 Top Ten Crypto Index Experiment: 40.2% in December 2021.
High Point in the 2019 Top Ten Crypto Index Experiment: 70.5% in August 2019.
Overall return on $1,000 investment since January 1st, 2019:
After forty-two months, the value of the initial $1000 investment is $2,256, up +126%. This is down from November 2021’s all time high of +665% for the 2019 Portfolio.
Below is a table summarizing the monthly ROI over the life of the 2019 Top Ten Index Fund experiments, providing a pretty good sense of the journey up to this point:
Fairly steady upward movements punctuated by massive dips. During the Zombie Apocalypse in March 2020, for example, the 2019 Top Ten Portfolio was returning only +6%.
Although the 2019 Top Ten Portfolio is up +126%, it is still a distant second place behind the 2020 Top Ten Portfolio which is up +227%.
Combining the 2018, 2019, 2020, 2021, and 2022 Top Ten Crypto Portfolios
Speaking of other Top Ten Portfolios, let’s put them all together now:
2018 Top Ten Experiment: down -55% (total value $449)
2019 Top Ten Experiment: up +126% (total value $2,256)
2020 Top Ten Experiment: up +227% (total value $3,269) (best performing portfolio)
2021 Top Ten Experiment: up +45% (total value $1,451)
2022 Top Ten Experiment: down -75% (total value $246)
So overall? Taking the five portfolios together, here’s the bottom bottom bottom bottom bottom line:
After five annual $1k investments ($5,000 total) in the 2018, 2019, 2020, 2021, and 2022 Top Ten Cryptocurrencies, the combined portfolios are worth $7,671.
That’s up +53% on the combined portfolios, down from November 2021’s all time high for the Top Ten Index Fund Experiments of +533%.
Here’s the combined monthly ROI since I started tracking the metric in January 2020:
In summary: That’s a +53% gain by investing $1k on whichever cryptos happened to be in the Top Ten on January 1st (including stablecoins) for five straight years.
Comparison to S&P 500:
I’m also tracking the S&P 500 as part of the experiments to have a comparison point with traditional markets.
Because the S&P 500 Index is up 53% since January 2019, the initial $1k investment I put into crypto forty-two months ago would be worth $1,530 had it been redirected to the S&P 500 in January 2019.
But what if I took the same world’s-slowest-dollar-cost-averaging $1,000-per-year-on-January-1st-Crypto-Index-Fund-Experiment approach with the S&P 500? It would yield the following:
$1000 investment in S&P 500 on January 1st, 2018 = $1,430 today
$1000 investment in S&P 500 on January 1st, 2019 = $1,530 today
$1000 investment in S&P 500 on January 1st, 2020 = $1,180 today
$1000 investment in S&P 500 on January 1st, 2021 = $1,020 today
$1000 investment in S&P 500 on January 1st, 2022 = $800 today
Taken together, here’s the bottom bottom bottom bottom bottom line for a similar approach with the S&P:
After five $1,000 investments into an S&P 500 index fund in January 2018, 2019, 2020, and 2021, my portfolio would be worth $5,960.
That is up +19% since January 2018 compared to a +53% gain of the combined Top Ten Crypto Experiment Portfolios.
Here’s a table providing an overview of the five year ROI comparison between a Top Ten Crypto approach and the S&P:
Conclusion:
To both old-timers and newcomers: thanks so much for taking the time to read and for supporting the Top Ten Crypto Index Fund Experiments. I hope you find the updates helpful in terms of perspective as you navigate the crypto landscape. Be careful out there and don’t put your mental, physical, or financial health at risk chasing gainz. If crypto is causing you to lose sleep at night, chances are you have too much in crypto: try to think long term and don’t invest what you can’t afford to lose.
Feel free to reach out with any questions and stay tuned for the latest progress reports. A reporting note: I’ll focus on 2022 Top Ten Portfolio reports + one other portfolio on a rotating basis this year, so expect two reports from me per month. June’s extended report is the 2019 Top Ten Portfolio (the one you’re reading now). You can check out the latest 2018 Top Ten, 2020 Top Ten, and 2021 Top Ten reports as well.
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