 | Find the full blog post with all the tables and graphs here. Welcome to your monthly no-shill data dump: Here's the 4th monthly report for 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 MAY Snapshot). tl;dr
Month Four – Up +36%The 2023 Top Ten Crypto Index Fund Portfolio is BTC, ETH, BNB, XRP, BUSD, DOGE, ADA, MATIC, DOT, LTC. April highlights for the 2023 Top Ten Portfolio:
April Ranking and DropoutsHere’s a look at the movement in the ranks four months into the 2023 Top Ten Index Fund Experiment: Remarkably steady so far during the first 120 days of 2023, with only BUSD dropping out of the original portfolio, replaced by SOL. April Winner and LoserApril Winner – BNB’s modest gain (+6%) was enough to win in April. April Loser – For the second time in a row, MATIC was the worst performing crypto of the group, falling -12% this month. Overall Update: BTC maintains lead, ADA moves into second place, all crypto in the green.Every crypto in this year’s Experiment is still in positive territory. BTC holds on to the top spot after overtaking MATIC for the lead last month. The initial $100 invested in BTC four months ago is worth $172 today. ADA is next, +57% since New Year’s Day. DOGE is turning in the worst non-stablecoin performance so far, but is still in the green at +12% for the year. Much wow. Overall return on $1,000 investment since January 1st, 2023:The 2023 Top Ten Portfolio lost $40 in April. The initial $1000 investment on New Year’s Day 2023 is now worth $1,362. Here’s a visual summary of the progress so far: 2023 Top Ten Portfolio vs. The Alongside Crypto Market Index Token (AMKT)New feature this year – The first Top Ten Crypto Experiment was started on 1 January 2018 in an attempt to capture the gains of the entire market. Much has changed in the last 5+ years, including the introduction of index products designed to capture the entire crypto market (instead of manually buying coins and tokens like I do for my Experiments). This year’s friendly competition is 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 the Top 25 Cryptocurrencies (minus stablecoins) backed 1:1 by the underlying assets represented within the index. Since the Top 25 represent approximately 97% of the value within crypto, AMKT is an excellent proxy for the entire cryptocurrency market – exactly what my Top Ten Portfolios have been trying to recreate from the start. Here’s the question I’m tracking this year: would I have been better off with $1,000 of AMKT instead of going through the effort of creating a homemade $1,000 Top Ten Index Fund? On 1 January 2023, $1000 was equal to 17.15 AMKT. Four months into the Experiment, here’s the AMKT snapshot: April Performances:
The April monthly victory goes to: The Alongside Crypto Market Index Token (AMKT) Overall since January 1st, 2023:
Overall lead: The Alongside Crypto Market Index Token (AMKT) For the more visual, here’s the table I’ll be using to track the friendly Top Ten vs. AMKT competition this year: Combining the 2018, 2019, 2020, 2021, 2022, and 2023 Top Ten Crypto PortfoliosThe 2023 Top Ten is one of six concurrent experimental portfolios. Where do we stand if we combine all of the Top Ten Crypto Index Fund Experiments?
Taking the six portfolios together, here’s the bottom bottom bottom bottom bottom bottom line: After a $6,000 total investment in the 2018, 2019, 2020, 2021, 2022, and 2023 Top Ten Cryptocurrencies, the combined portfolios are worth $12,523. That’s up +109% on the combined portfolios. 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 +109% gain by investing $1k on whichever cryptos happened to be in the Top Ten on January 1st (including stablecoins) for six 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 +9% so far in 2023, so the initial $1k investment into crypto on New Year’s Day would be worth $1,090 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, here’s the bottom bottom bottom bottom bottom bottom line for a similar approach with the S&P: After six $1,000 investments into an S&P 500 index fund in January 2018, 2019, 2020, 2021, 2022, and 2023 my portfolio would be worth $7,580. That is up +26% since January 2018 compared to a +109% 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 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. [link] [comments] |
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