 | Howdy everyone! 10 months ago now, I asked Redditors to pick 10 coins off Binance to hold for a year - At the end of the year (coming up soon) I'll distribute whatever coins that were picked to the people who picked them. Here is the $500 investment now. XLM was added in place of DOGE after allowing the person who picked it to sell at the very top. We'll go from the top down this time: ETH: - $473.70 ETH has looked especially strong this month, almost briefly touching 4k with Bitcoin not touching its all time high yet. Still, with Crypto looking to burn some jet fuel lately, I think we'll probably see another ETH ATH sooner rather than later. NANO: - $523.75 Moving largely with the market, NANO doesn't seem to have anything really special to report over the summer months, but its graph does look pretty decent lately. Having done over 10x from its November start, I don't think that's really anything to complain about. ADA - $1,413.80 Skyrocketing to a new all time high over the last month, ADA fans are ecstatic about the oncoming launch of smart contracts on the platform, along with what is almost certainly an all time high in sentiment for the platform. I remember the launch of ADA back in 2017 when it was $0.02, how time flies. VET: $736.29 Rollercoaster of ups and downs, but up in the end. Seesawing somewhat with the market, VET ended the month almost double what it started, despite having multiple stops and starts along the way. Looking strong heading into a stronger market might make the VET fans hopeful to see a retesting of the all time high just a few short months ago. XRP - $289.94 XRP continues to recover from the SEC slapdown it received, rising to levels it hadn't seen since Bitcoin topped out back in March. Not close to retesting its all time fervor high just yet, but if the SEC case goes their way and a Bitcoin rise syncs up with it, XRP fans might be partying sooner than they think. IOTA - $371.70 IOTA has arisen from its deep sleep to immense volume once more. A little sleepy for the last few months, IOTA appears to have gotten a bit coordinated and it's volume has gone sky high in the last week or so. With no project specific news, not exactly sure what the price and volume increase is coming from or relating to, but the project is very close to levels not seen since March and Bitcoin at 65k. LTO - $267.30 The LTO train is a bumpy ride. Holders may be getting a bit of whiplash, but the end result of August is that LTO's value went up, and the project looks to be in recovery mode while moving with the rest of the market. Still a far way off from the huge run up we saw in March, but looking good like the vast majority of the crypto market in the meantime. SOL - $5089.93 Ok SOL, no one likes a showoff. Not content with having a green month almost every single month since September, SOL decided August was the month where it had to 5x in price, because of course it did. SOL's trajectory in the last year has basically looked like a rocketship to the moon, torching holder's hands for 64x gains in the last financial year. Remember to take profits, SOL holders! XMR - $140.68 Up, but somehow boring about it. On the slow gain train is XMR, which is probably the most boring crypto tracked in the challenge. Not once did it ever have a breakout move, and moves primarily with the market always. At least it's private! XLM - $29.70 XLM is actually doing really well! I feel the worst for XLM because it didn't really have a fair shot, being included at what was basically the Bitcoin top as a substitute for DOGE. In order for XLM to break even it would have to hit $0.62 again. It's possible! The last time the portfolio was tracked, it was at $3436.96 giving us a net gain of of $5899.81 from August to September. If the $500 (10,000 moons) had been left in moons, they would currently be worth $2380. If the $500 had been left in BTC (0.0353 * $52,500), it would be worth $1853.25. The portfolio has once again heavily outperformed both MOON and BTC - Despite both performing exceptionally well over the last year - Moons at almost 5x and Bitcoin at almost 4x - But the portfolio currently averages 18.67x gains. Currently mostly carried by SOL! Congrats to u/CalculatedLuck for the VET pick, u/Madfires for ADA, and u/arika2411 for SOL. Just like June and July. In 2 more months, I'll distribute the winnings to people. Hope you enjoyed, and I'll try to do something like this again next year! [link] [comments] |
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