May’s Crypto Moonshot Portfolio
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This month’s portfolio has seen more action than usual. In order to maximize our returns we have been actively divesting (virtually of course) the cryptocurrencies that have reached their price targets or where we feel there is better value elsewhere. This month has seen five cryptocurrencies leave the portfolio.
As we alluded to in last week’s Micro Cap Watch List we have been looking at a way we can measure our performance. It is an irritation of ours that there is insufficient independent market data on the performance of small cap cryptocurrencies as a whole. After some research it became clear why there are very few indices that measure the performance at the bottom end of the market. The extreme volatility. It only takes one cryptocurrency to skew an index. Take a look at QuickSwap for example. It was down 50% in 7 days, that is enough to make any index meaningless.
Why is this important? We should all be accountable when it comes to measuring our own performance and the best way to do that is to measure our performance against the market.
So with that being said we have been experimenting with two indices; a small cap and a medium cap index of 30 cryptocurrencies which we are looking to launch in next month’s Moonshot Portfolio.
State of play
Let’s now focus on our current portfolio of twenty cryptocurrencies. The performers and the non performers, who are being culled and which new projects we have added.
Overall it was not a great month. The performance was up only 1%, whilst the portfolio is up 325% since its launch back in February.
This month’s top 3 performers were:
View Previous Portfolio’s:
No Financial Advice
This article does not constitute financial advice in any way. Always do your own research and never invest more than you can afford to lose. The article should be treated as supplementary information to add to your existing knowledge.