 | EXPERIMENT - Tracking 2023 Top Ten Cryptocurrencies – Month Twenty-Three - Up +248% Find the full blog post with all the tables and graphs here. Welcome to your monthly no-shill data dump: Here's the report for the 23th month of the 2023 Top Ten Experiment featuring BTC, ETH, BNB, XRP, BUSD, DOGE, ADA, MATIC, DOT, and LTC. SNAPSHOTS ALWAYS TAKEN ON FIRST OF THE MONTH (data below reflects 1 DEC Snapshot). tl;dr
Month Twenty-Three – Up +248%The 2023 Top Ten Crypto Index Fund Portfolio is BTC, ETH, BNB, XRP, BUSD, DOGE, ADA, MATIC, DOT, LTC. November highlights for the 2023 Top Ten Portfolio:
November RankingsHere’s a look at the movement in the ranks twenty-three months into the 2023 Top Ten Index Fund Experiment – 60% of the projects have dropped out of the Top Ten since January 2023: November Winners and LosersNovember Winners – XRP gained a massive +319% this month followed by ADA (+222%) November Losers – At +13% BNB was the worst performer of the month Overall Update: XRP ahead followed by DOGE in second. MATIC is in last place. 90% of cryptos in the green.XRP (+568%) came out of nowhere this month, jumping from fifth to first place, overtaking DOGE, BNG, ETH, and BTC in the process. The initial $100 invested in XRP twenty-three months ago is worth $669 today. 90% of the 2023 Top Ten cryptos are in positive territory this year. Only MATIC/POL (-21%) is in negative territory. Overall return on $1,000 investment since January 1st, 2023:The 2023 Top Ten Portfolio ended November up +248%. The initial $1000 investment on New Year’s Day 2023 is now worth $3,483. 2023 Top Ten Portfolio vs. The Alongside Crypto Market Index Token (AMKT)Last year I ran a friendly competition between The 2023 Top Ten Portfolio and The Alongside Crypto Market Index Token (AMKT). AMKT is an ERC-20 token that represents a cap weighted index of 15 Cryptocurrencies (minus stablecoins) backed 1:1 by the underlying assets represented within the index and completely onchain. Since the index represents approximately 95% of the value within crypto, AMKT was an excellent proxy for the entire cryptocurrency market – exactly what my Top Ten Portfolios have been trying to recreate from the start. At the beginning of 2023, $1,000 USD was worth 17.15 AMKT. Here was the result of that side Experiment: Overall winner: The Alongside Crypto Market Index Token (AMKT). In the end, it really wasn’t close – AMKT took 9 out of 12 monthly victories and held the overall lead throughout 2023, returning +141% vs. my Top Ten’s 73%. At the end of 2023, the value of the AMKT provided by Alongside for the Experiment was donated to The Michael J. Fox Foundation for Parkinson’s Research. Since I’m repeating the friendly competition in 2024, I’ll make another donation soon. And what if I held that 17.15 AMKT until today? It would be worth $4,459 vs. the 2023 Top Ten Portfolio’s $3,483. Combining the 2018, 2019, 2020, 2021, 2022, 2023, and 2024 Top Ten Crypto PortfoliosThe 2023 Top Ten is one of seven concurrent experimental portfolios. Where do we stand if we combine all of the Top Ten Crypto Index Fund Experiments?
Taking the seven portfolios together: After a $7,000 total investment in the 2018, 2019, 2020, 2021, 2022, 2023, and 2024 Top Ten Cryptocurrencies, the combined portfolios are worth $32,611 That’s up +366% on the combined portfolio. For context, the peak for the combined Top Ten Index Fund Experiment Portfolios was November 2021’s all time high of +533%. Here’s the combined monthly ROI since I started tracking the metric in January 2020 for those who do better with visuals: In summary: That’s a +366% gain by investing $1k on whichever cryptos happened to be in the Top Ten on January 1st (including stablecoins) for seven straight years. Comparison to S&P 500I’m also tracking the S&P 500 as part of my Experiment to have a comparison point to traditional markets. The S&P 500 is up +58% so far in 2023, compared to the Top Ten Crypto portfolio’s +248%. The initial $1k investment into crypto on New Year’s Day would be worth $1,575 had it been redirected to the S&P. Taking the same invest-$1,000-on-January-1st-of-each-year approach with the S&P 500 that I’ve been documenting through the Top Ten Crypto Experiments, the yields are the following:
Taken together, the results for a similar approach with the S&P: After seven $1,000 investments into an S&P 500 index fund in January 2018, 2019, 2020, 2021, 2022, 2023, and 2024 my portfolio would be worth $12,269. That is up +75% since January 2018 compared to a +366% gain of the combined Top Ten Crypto Experiment Portfolios. The visual below shows a comparison on ROI between a Top Ten Crypto approach and the S&P as per the rules of the Top Ten Crypto Experiments: Conclusion:To the long time followers of the Top Ten Experiments, thank you for sticking around so long. For those just getting into crypto, I hope these reports will help prepare you for the highs and lows that await on your crypto adventures. Buckle up, go with the flow, think long term, and truly don’t invest what you can’t afford to lose. Most importantly, try to enjoy the ride. A reporting note: I’ll focus on 2024 Top Ten Portfolio reports + one other portfolio on a rotating basis this year, so expect two reports from me per month. November’s extended report is on the 2023 Top Ten Portfolio, the one you’re reading now. You can check out the latest 2018 Top Ten, 2019 Top Ten, 2020 Top Ten, 2021 Top Ten, and 2022 Top Ten reports as well. [link] [comments] |
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