Crypto Academy Week 11 - Homework Post for @yohan2on My Cryptocurrency Investment portfolio
Greetings friends this is my participation in the task assigned by the teacher @yohan2on this time it is a practical task, I had to create a cryptocurrency investment portfolio, it was a very interesting experience
Your Crypto portfolio should have 6 Cryptocurrencies and briefly explain why you have chosen to invest in each one of them.
Use a Crypto wallet of your choice to hold your 6 cryptocurrencies.
Wait for a day or 2days, then showcase the final results of your investment portfolio.
I start with 134 USDT available and from there I will start buying my cryptocurrencies, I will use the Exchange binance and that will be my wallet.
The first cryptocurrency that I buy is XRP, the altcoin of ripple, because I believe in this project it is a network that makes bank transfers all over the world with a low commission cost and at an immediate speed, it may not go up much but I know it is stable and will not fall.
The BTC is the most important cryptocurrency lately, it has always been rising as its graph shows, it is always breaking its historical maximum, we hope the trend continues.
The altcoin of the Binance Exchange binance coin BNB, the most important in the world, has been on the rise lately, I hope it continues like this, because here in Binance many pools and new options open every day.
The UNI token of the decentralized exchange UNISAWP is a great investment, it quickly became one of the most important tokens and I think it will continue to grow, I think it is a strong cryptocurrency to be in my portfolio.
The Justland portal has its JST token and it consists of a DeFi that lends cryptocurrencies at a very good interest rate so there you can exchange your tokens for other tokens always using the JST token first, it is quite interesting and I decide to invest in it.
The BCH is stable and on the rise, some friends have recommended that I invest in that cryptocurrency so I analyzed it and I think it is stable and with an upward trend.
This is the final result of my investment portfolio in cryptocurrency. I must wait more than 1 day to do the analysis, which consists of determining which currencies have risen in price and which ones have fallen.
- Use proper screenshots to showcase before and after. Is your total crypto portfolio in profits or losses? Which cryptocurrencies have increased in value and made you some profits? And which ones have declined in price value and made you some losses? Or have all of them made you profits? What’s the growth percentage of your Crypto trading portfolio after the 1 or 2days waiting period?
This is the final result after more than 1 day of waiting, the total difference is a profit of 0.85% according to the Binance Exchange
| Cryptocurrency | at the beginning | at the end | difference |
|---|---|---|---|
| USDT | 39.72 | 39.71 | -0.01 |
| BTC | 19.99 | 19.76 | -0.23 |
| XRP | 19.91 | 19.60 | -0.31 |
| BNB | 14.96 | 15.10 | +0.14 |
| UNI | 14.84 | 15.82 | +0.98 |
| JST | 12.92 | 12.39 | -0.53 |
| BCH | 11.91 | 11.76 | -0.15 |
Conclusion
The good of having a large portfolio is that you can compensate the loss of some cryptocurrencies with the gain of others, you must be constantly reviewing your investments and be watching the market to buy with the stablecoin that handles more cryptocurrencies.
Hello @rosz,
Thank you for participating in the 3rd Week Crypto Course in its second season and for your efforts to complete the suggested tasks, you deserve an 8/10 rating, according to the following scale:
My review :
Good content where you presented your choices for trading six digital currencies in two days, and if the profit wasn't that big, it was always a successful experience. I think most of my readers have appreciated and benefited from what I have provided.
Thanks again for your effort, and we look forward to reading your next work.
Sincerely,@kouba01
hahaha my mistake , is Justlend is true , thank you teacher