Project 2018 – Update week #4

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Project 2018 – Update week #4

As you know we’re running a project to hold $2,500 of cryptocurrencies for an entire year. Welcome to our fourth update! If you are new, check out our first post on the project.

Week 4 Introduction

This week the markets regained some of their previous losses and brought our portfolio back nearly into the black. We’re hoping this is the start of the 2018 bull run, but we’ll need a few more weeks to confirm that.

Only two of our cryptocurrencies made a further loss this week.

Week 4 Data

Project 2018 - week 4

CryptocurrencyJan 22nd ValueJan 29th ValueGain / Loss %
Bitcoin$79.11$84.36+6.64%
Bitcoin Cash$67.48$70.98+5.19%
Cardano$82.68$90.30+9.22%
Civic$73.92$77.52+4.87%
Digibyte$75.29$91.43+21.44%
DigitalCash$75.17$76.02+1.13%
Ethereum$129.75$155.68+19.98%
FunFair$102.53$107.02+4.38%
Golem$64.30$61.39-4.53%
Komodo$63.82$76.64+20.09%
Lisk$99.29$112.96+13.77%
Litecoin$77.22$79.38+2.80%
Monaco$75.63$80.59+6.56%
Monero$91.86$96.33+4.87%
Navcoin$75.88$72.79-4.07%
NEM$91.46$94.96+3.83%
NEO$159.09$217.30+36.59%
OmiseGO$79.83$87.83+10.02%
Power Ledger$95.20$102.41+7.57%
Qtum$74.29$81.52+9.73%
Ripple$63.88$67.89+6.28%
Siacoin$124.86$139.48+11.71%
Stellar$112.93$139.63+23.64%
TenX$63.70$73.71+15.71%
Waves$78.40$78.32-0.10%

Week 4 Charting

Click the images to view in detail.

Portfolio overall balance – week 4

Portfolio overall balance – week 4

Cryptocurrency – gain/loss by dollar 22nd-29th Jan 2018

Cryptocurrency – gain/loss by dollar 22nd-29th Jan 2018

Cryptocurrency – gain/loss by percentage 22nd-29th Jan 2018

Cryptocurrency – gain/loss by percentage 22nd-29th Jan 2018


Week 4 Summary

In total, our portfolio grew from $2,177 to $2,416 – which was a $239 (+10.98%) increase.

If we had invested $2,500 in just Bitcoin it would be now worth: $2,109

Best performer: NEO (NEO) +$58.21 (+36.59%)

Worst performer: Golem (GNT) -$2.91 (-4.53%)

Coin Profile – ETHEREUM (ETH)

Why we picked it? We think Ethereum has big gains to make in 2018 and beyond. Seen as Bitcoin but on steroids, Ethereum offers what is known as smart contracts – think of it as basically programmable money. Additionally, Ethereum is moving (eventually) to Proof of Stake instead of Proof of Work. Proof of Stake requires you to hold coins in a wallet – the more you have, the more you are rewarded – so all the electricity and mining equipment currently used will be spared, which is also great for the environment.

We’ll be back next week – keep following! (Sign up to our weekly newsletter in the header!)

Don’t forget you can catch up with all of our posts in this series by bookmarking: https://coinguide.tv/project2018

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