Project 2018 – Update week #7

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Project 2018 – Update week #7

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

Week 7 Introduction

As Bitcoin rallied into the $10,000 range again, our portfolio followed closely behind the leader and we saw some impressive gains across the board.

Four of our cryptocurrencies are now ahead in profit since we started.

Week 7 Data

Project 2018 - week 7

CryptocurrencyFeb 12th ValueFeb 19th ValueGain / Loss %
Bitcoin$65.47$82.23+25.60%
Bitcoin Cash$54.14$65.33+20.67%
Cardano$55.71$57.27+2.80%
Civic$48.68$54.09+11.11%
Digibyte$52.71$65.71+24.66%
DigitalCash$61.40$71.15+15.88%
Ethereum$114.97$125.69+9.32%
FunFair$60.56$67.79+11.94%
Golem$40.73$49.57+21.70%
Komodo$44.17$52.68+19.27%
Lisk$134.86$146.98+8.99%
Litecoin$69.89$98.59+41.06%
Monaco$52.06$63.93+22.80%
Monero$74.38$94.73+27.36%
Navcoin$53.13$56.55+6.44%
NEM$51.68$52.35+1.30%
NEO$149.63$182.42+21.91%
OmiseGO$66.33$95.52+44.01%
Power Ledger$74.13$77.76+4.90%
Qtum$55.39$61.54+11.10%
Ripple$54.74$58.42+6.72%
Siacoin$79.05$95.55+20.87%
Stellar$93.29$109.54+17.42%
TenX$55.00$58.78+6.87%
Waves$61.22$68.89+12.53%

Week 7 Charting

Click the images to view in detail.

Portfolio overall balance – week 7

Portfolio overall balance – week 7

Cryptocurrency – gain/loss by dollar 12th – 19th Feb 2018

Cryptocurrency – gain/loss by dollar 12th – 19th Feb 2018

Cryptocurrency – gain/loss by percentage 12th – 19th Feb 2018

Cryptocurrency – gain/loss by percentage 12th – 19th Feb 2018


Week 7 Summary

In total, our portfolio gained some strength from $1,723 to $2,013 – which was a $289 (+16.8%) increase.

If we had invested $2,500 in just Bitcoin it would be now worth: $2,055

Best performer: – OmiseGO (OMG) +$29.19 (+44.01%)

Worst performer: – NEM (NEM) +$0.67 (+1.30%)

Coin Profile – OmiseGO (OMG)

Why we picked it? Well, OmiseGO is the blockchain developed by the parent company Omise. It is a popular payment platform for digital payments mainly across Asia. But OmiseGO isn’t just another cryptocurrency. For a start, the company provided some of the initial funding for Ethereum and in return, the founder of Ethereum helped form part of the OmiseGO development team.

OmiseGO’s plan is to form an all-inclusive wallet that will not only handle different cryptocurrencies, but fiat currencies and loyalty cards too – all kept on the blockchain and offering instant payment across any border or currency. How is this going to work? Well, they plan on forming a decentralised exchange combined with an off-chain payment network – they’ve got big ideas and if successful, they will become one of the first viable worldwide payment networks open to everyone – whatever currency you use.

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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