Let's see how this bag of moonshot coins is performing.
A couple weeks ago in my 5 DeFi Tokens Under $5 post I identified 5 DeFi tokens that I thought may have some potential to gain traction this Bull Run. Then we aped in!
My analysis was not in depth and I'm not looking at fundamentals, although I did try to give some idea of what the tech was about. Possibly a degen play? definitely a shot in the dark.
What's the harm in aping into a bag of relatively cheap DeFi tokens mid bull run?
Massive Gains of 34.1%
In my previous scenario for simplicity I bought 1,000 of each token for a total cost of $9,400 USD. As of today our portfolio is up 34.1%, guys we're killing it!
During this same time (Feb 17th - Mar 5th) BTC is pretty much unchanged up only 0.43%. Guess it pays to diversify!
Moonshot Bag Performance:
CRV(Curve Finance) - Down 21%
ALPHA(Alpha Homora) - Up 22%
REN(RenVM) - Up 5%
BNT(Bancor) - Up 96%
LRC(Loopring) - Down 12%
OVERALL UP 34.1%
Bancor doing the heavy lifting with that home run hit, damn up 96%, those sweet gains! That was a score, couldn't have done it without you.
Not impressed with CRV, bit of a surprise there as DeFi overall continues to do well, but it kind of shit the bed. I can deal with Looprings soft damage but am temped to change things up, cut some dead weight, too soon?
If I replace a coin in the bag the only condition is the new coin has to have a current value under $5.
Thinking 1INCH, GRT(Graph), or could I possibly land some RUNE under $5..?!?
Starting Portfolio value: $9,400
Current Portfolio Value: $12,610
We're Rich! What Happens Next?
1 - Dump our bag
2 - Keep Hodling
3 - Change Things Up
4 - Mortgage the House & Ape in Further
