MultiversX Tracker is Live!

New cycle coins vs. BTC/ETH vs. Crypto Market

All Cryptocurrencies

by COINS NEWS 105 Views

New cycle coins vs. BTC/ETH vs. Crypto Market

After analysing the new entrants (after December 2021) into the top 200 rankings, I have put my money where my thesis and research is and have bought a basket of 10 of these coins today (9th September, 2023, 3pm, EST Australia).

I have bought 5 of the top 100 and 5 of the 100-200 ranking so evenly splitting the rankings.
As an Aussie, and put in $10 each of these coins, totalling $100 AUD which is about $64 USD right now. But it is always good to have skin in the game and I would probably spend that money at the pub anyway.

I decided to compare my basket to BTC and ETH because even though my crypto portfolio is top heavy in BTC and ETH, I am always being 'advised' to buy BTC and ETH only on this subreddit. So let's see if that is the best strategy after all.

The total crypto market will be a comparison as well to see how this basket goes against that.

Here is the Excel spreadsheet ready to go:

https://preview.redd.it/qs3c75sqz5nb1.png?1472&format=png&auto=webp&s=8236497f6bb4359b64425187a6f68f51f4003200

Every month I will post an update on how this basket goes against the other two as I will update this monthly. I think it may suffer this month, but may pick up after October. What do you all think may happen? I won't sell this basket at all and will let it sit and watch and see if the thesis about new entrants being better performers holds true.

I am aware there will be more new entrants up until the next bull such as ZKSync, Starknet and others, so I may include them on the spreadsheet when they list to compare them against these three as well.

Any thoughts? What may be the best performer in this basket?

submitted by /u/ShotCryptographer523
[link] [comments]

Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments