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See the real-time analysis of this portfolio at https://degenomic.com

TL;DR

• What is this thing? After blowing a few accounts on terrible single-name crypto choices, this portfolio/project was set up to see if DCA'ing emotionlessly would prove a profitable strategy over the long run.
• How's it performing? At the end of month 4, the portfolio has a lifetime return of -3.19%. Total inflows since inception are $1343.67 and the portfolio value stands at $1300.87, yielding a lifetime PnL of -$42.80.

Macro Overview

It's been another tough month for markets including crypto in general, as the Fed indicated that it was willing to take any measure necessary to curb inflation, even at risk of collateral damage to the economy.

2022 has seen crypto trading like a risk asset driven by macro risk sentiment. Worries over a global recession, interest rate hikes and a strong USD have weighed on sentiment. That said, there are some signs of crypto decoupling from tech stocks and other related assets, as BTC's correlation to the NASDAQ fell significantly this month.

Performance Detail

The return for September alone was a slight underperformance of -0.09% (a PnL of $-1.23), compared to last months return of -14.22%. Total inflows for this month stood at $326.93.

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After a strong performance in July, two consecutive months of underperformance puts the portfolio into negative territory when measured against the US Dollar (whereas the weakening pound, GBP, sees the portfolio marginally positive).

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XRP has propped up the portfolio with an extraordinary return of 46.66% following positive news in their ongoing legal battle with the SEC. LINK also had a healthy return of 13.13% which came as a result of its recently announced partnership with SWIFT. This partnership involves building a proof-of-concept that will allow SWIFT to instruct blockchain token transfers.

This biggest losers were RUNE(-15.56%), ETH (-14.18%), DOT (-9.88%) and AVAX (-9.15%).

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Asset Allocation

The portfolio currently holds: BTC, ETH, BNB, XRP, ADA, SOL, DOT, DOGE, SHIB, MATIC, AVAX, LINK and RUNE. Despite almost equal inflows, the portfolio has become unbalanced as a result of XRP and MATIC overperformance vs poor RUNE and DOT underperformance.

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Crypto Fear & Greed Index

The Crypto Fear and Greed Index has historically shown strong correlation with the Degenomic portfolio.

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Here we can see this continue to play out, with an increase in the index resulting in stronger performance in the portfolio. The dark red line represents a period of 'Extreme Fear', the light red represents 'Fear' and the white section represents 'Neutral'.

Final Comments

Thank you for getting this far and for showing an interest in this project. As someone who doesn't have the time to watch charts all day, this was set up as an easy, emotionless and consistent strategy to gain exposure to crypto, and I am curious to see how this portfolio performs over the long term. Seeing the portfolio ebb and flow in real-time also gives one a perspective for how volatile the crypto universe is.

I hope you've found this post interesting and gives you some inspiration for your own adventures in crypto. Feel free to get in touch or follow the project on Twitter where I provide intra month updates. If you have any questions, or suggestions for the portfolio and/or analysis drop me a line on Twitter/Reddit.

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