Crypto Daily: Top-5 Portfolio Grew by 22% Since Last Week

Crypto Daily: Top-5 Portfolio Grew by 22% Since Last Week

Today we continue to talk about our experiment with rebalancing a portfolio from the Top-5 cryptocurrencies

Crypto Daily: Top-5 Portfolio Grew by 22% Since Last Week

Last week our portfolio exceeded the $60,000 mark for the first time and all altcoins showed positive dynamics. We also rebalanced the portfolio, during which we bought Bitcoin and Crypterium. Let’s take a look at what changes have occurred in our portfolio over the past week.

In 7 days, our portfolio grew by 22.5% and this is one of the best results during our experiment! Its value for the first time exceeded $70,000 and amounted to $76,131. This means that our initial investment of $10,000 has already increased by 760%. Especially interesting is the fact that all coins, without exception, showed growth this week.

XRP became the growth leader by a large margin. Its price has almost doubled from $0.93 to $1.76. At the same time, its price was able to reach $1.97 and then rolled back to the current level. It is rather difficult to predict movements according to the current chart. However, we think there is still potential for growth. XRP can break the important psychological level of $2 and rush to $2.5 per coin.

Litecoin ranked second by growth this week, up 24%. As we expected, LTC broke through first the upper border of the triangle, and then the resistance at $240, after which the chart rushed up with great speed. The $280 level is key now. If the price fixes higher, then the chart will rise to $300.

Ethereum lagged slightly behind LTC and rose 22% along the way, setting a new ATH at $2,481. We have been waiting for a breakthrough from Ethereum for a long time and now it has happened. Most likely, today the price will reach $2,500 and set a new ATH. There may be a small sell-off around this level, as many will be fixing positions. However, after that the price can go even higher, up to $3,000.

Bitcoin also grew significantly over the week — by 11%. Yesterday it almost reached the $65,000 level and pulled back down. After the breakdown of $60,000, the chart began to consolidate and is preparing for a new strong upward impulse. There is a high probability that Bitcoin will reach $70,000 this week.

CRPT shows slight growth and is testing the upper boundary of the channel. After a 300% increase, the coin’s price has corrected and is in the accumulation phase in the range of $0.40 — $0.45. This is a good time to accumulate a position for this cryptocurrency. After this accumulation, the price of CRPT rose from $0.20 to $0.64.

The portfolio structure has changed a lot, primarily due to the powerful 90% growth in XRP. Therefore, today we will again rebalance the portfolio. We sell part of XRP and LTC and use the released funds to buy BTC, CRPT and ETH.

Last time we expected similar events and warned you about it. Our forecasts came true and the market showed unprecedented growth. Let’s see how it goes this week.

 

Crypto Daily: Top-5 Portfolio Grew by 22% Since Last Week
Crypto Daily: Top-5 Portfolio Grew by 22% Since Last Week