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The original post: /r/cryptocurrency by /u/Joe-M-4 on 2024-12-11 13:05:07.

EXPERIMENT - Tracking 2024 Top Ten Cryptocurrencies – Month Eleven - Up +110%

Find the full blog post with all the tables and graphs here.

The 2024 Top Ten Experiment features BTC, ETH, USDT, BNB, SOL, XRP, ADA, AVAX, DOGE, and DOT.

SNAPSHOTS ALWAYS TAKEN ON FIRST OF THE MONTH (data below reflects 1 DECEMBER Snapshot).

tl;dr

  • What's this all about? I purchased $100 of each of Top 10 Cryptos in Jan. 2018, haven't sold or traded, reporting monthly for nearly 7 years on Reddit for your reading pleasure. Did the same in 2019, 2020, 2021, 2022, 2023, and 2024. Learn more about the history and rules of the Experiments (including why I would include stablecoins) here. Learn more about the features in the 2024 Top Ten Experiment here.
  • NOVEMBER Highlights: Everything was a highlight, this was a fun report to put together. XRP and ADA owned November. Top Ten Portfolio reaches an All Time High.
  • YTD: DOGE dethrones BNB. Last place so far in 2024 is AVAX (+6%)
  • YTD: the 2024 Top Ten portfolio shoots past S&P500 +110% to +27%. DCA'ing once a year into Top Ten Cryptos for the last 7 years --> Top Ten +366% vs S&P500's +75%.
  • Update on the friendly competition between Top Ten Portfolio and total market cap token AMKT:  for the first time in two years, my Top Ten (+110%) pulls ahead of the Alongside Crypto Market Index Token (AMKT), which is YTD +88%.

Month Eleven – Up +110%

https://preview.redd.it/6myest6uw76e1.png?width=978&format=png&auto=webp&s=4429c9b5dec9a2c4313a57f73d82c225404aec51

The 2024 Top Ten Crypto Index Fund Portfolio is BTC, ETH, USDT, BNB, SOL, XRP, ADA, AVAX, DOGE, DOT.

November highlights for the 2024 Top Ten Portfolio:

  • XRP and ADA have a very, very good month
  • All cryptos in the positive territory YTD. DOGE rockets into first place overall, XRP is second, BTC in third. AVAX in last place
  • The 2024 Top Ten Portfolio is up +100% in one month, +110% in 2024.

November Ranking and Dropouts

Here’s a look at the movement in the ranks eleven months into the 2024 Top Ten Index Fund Experiment:

https://preview.redd.it/3thsg8cww76e1.png?width=333&format=png&auto=webp&s=36233f901c12211a3a4d3a1d3f364493f49643cb

For such a busy year in crypto, not a ton of movement in the Top Ten in 2024.

November Winners and Losers

November Winners – XRP (+319%) outperformed its peers by far this month followed by ADA (+222%) and DOGE (+172%)

November Losers – Although up +13%, BNB gained the least this month.

Overall Update: DOGE flips BNB for first place.  100% of cryptos in positive territory.  AVAX in last place.

What a difference a month makes: 100% of the Top Ten are in positive territory now, up from just 60% in the green in October.

Over the last few months, DOGE (+375% YTD) has been on a tear, moving from third to first since September.  XRP’s strong November landed it in second place (+241%) followed distantly third place BTC (+117%).

Eleven months into the 2024 Experiment AVAX is now in last place, up +6% since New Year’s Day.

The initial $100 invested in first place DOGE eleven months ago is worth $475 today.

Overall return on $1,000 investment since January 1st, 2024

https://preview.redd.it/1ho0yboxw76e1.png?width=303&format=png&auto=webp&s=3a2fd12cbcc9810baf34bd65a711d004d4d572fe

The 2024 Top Ten Portfolio gained $987 in November.  The initial $1000 investment on New Year’s Day 2024 is now worth $2,100, an All Time High for the Portfolio. 

Here’s a visual summary of the progress so far:

https://preview.redd.it/39no93syw76e1.png?width=214&format=png&auto=webp&s=fcc21b9550edf8af30dfd9dda2e3c2e9c4f05aec

2024 Top Ten Portfolio vs. The Alongside Crypto Market Index Token (AMKT)

The first Top Ten Crypto Experiment was started on 1 January 2018 in an attempt to capture the gains of the entire market, similar to the “lazy” approach of the Bogleheads in traditional markets. Much has changed over the last 7 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).

Like last year, I’m running a friendly competition between The 2024 Top Ten Portfolio and The Alongside Crypto Market Index Token (AMKT).  AMKT is an ERC-20 token that represents a cap weighted index of 15 Cryptocurrencies (minus stablecoins) backed 1:1 by the underlying assets represented within the index and completely onchain.  Similar to the Boglehead Community, a Do Nothing Club has emerged encouraging a long-term “lazy” crypto investing approach.  Since the index represents approximately 95% 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’ll be 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 2024, $1000 was equal to 7.2 AMKT.  Eleven months into the Experiment, here’s the AMKT snapshot: 

https://preview.redd.it/59ks6if0x76e1.png?width=777&format=png&auto=webp&s=f77732246c255b4b3925223c7afe33b8182d80ba

November Performances:

  • The 2024 Top Ten Portfolio: +89%
  • AMKT: +34%

The November monthly victory goes to: The 2024 Top Ten Portfolio

Overall since January 1st, 2024: 

  • The 2024 Top Ten Portfolio: +110%
  • AMKT: +88%

Overall lead: The 2024 Top Ten Portfolio

A very interesting month for indexooors.  Experiment followers may notice that this is the first month in two years that the Top Ten Portfolio has taken the overall lead from AMKT and the first month the Top Ten has held both the monthly and the overall victory columns. 

This is undoubtedly because of the outsized gainz of both ADA and XRP in November which are each purchased at an even distribution model (10% each) in my Experiment vs. the market cap weighted approach of AMKT.  As much as I’d like to flex, I predict my outperformance will be short lived, given the data from the last two years and the fact that AMKT is coming up on its quarterly rebalancing soon.

For the more visual, here’s the table I’m using to track the friendly Top Ten vs. AMKT competition this year:

https://preview.redd.it/r2z6w362x76e1.png?width=823&format=png&auto=webp&s=0de3c67df1c4c31115faf8cc387e2b1681d259ff

Combining the 2018, 2019, 2020, 2021, 2022, 2023, and 2024 Top Ten Crypto Portfolios

So, where do we stand if we combine seven years of the Top Ten Crypto Index Fund Experiments?

Taking the seven portfolios together:

After a $7,000 total investment in the 2018, 2019, 2020, 2021, 2022, 2023, and 2024 Top Ten Cryptocurrencies, the combined portfolios are worth $32,611

That’s up +366% on the combined portfolio. The peak for the combined Top Ten Index Fund Experiment Portfolios was November 2021’s all time high of +533%.  

Special shout out to the 2022 Top Ten Portfolio, which is tantalizingly close to break even point for the first time since its inception in January of 2022.

Here’s the combined monthly ROI since I started tracking the metric in January 2020:

<https://preview.redd.it/wiazfe93x76e1.png?width=1074&forma=...


Content cut off. Read original on https://old.reddit.com/r/CryptoCurrency/comments/1hbt0if/i_bought_1k_of_the_top_10_cryptos_on_january_1st/

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