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A gambler’s 1 month results on betting on altcoins
One month ago, I published an article outlining my strategy for finding small cap altcoin projects to gamble on: click here to read it. My goal is to shift gains into Bitcoin, Ethereum, and Stablecoins. I still hold all of these coins and still like the prospects that they offer moving forward. Keep in mind that this is not financial advice and some of these projects performed poorly over the past month. Below is a breakdown of what $1000 invested in each project 1 month ago would be worth today. Overall, a $10,000 investment would now be worth $10,767. This is not awful but not that great either when figuring in trading costs when using Uniswap. Ethereum has dramatically outperformed this portion of my portfolio while Bitcoin has slightly underperformed. It is for these reasons that I maintain a diversified portfolio that includes large, mid, small, and microcap cryptocurrencies. I also have been staking some of these projects for extra gains but have not included that in my results.