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Week #8 sees a major dip which has hurt my main portfolio a great deal, that is to be expected the market goes in cycles. How has this affected my holding with shitcoins? Well almost all of them have taken a severe hit and will have a hard time recovering, let's take a look.
Again, don't do this at home.
Table of current value:
The past week has been all red for most coins, these coins so more than most. They have lower marketcaps and swing wider than the harder hitters in the market. So far the coin there are three coins that have held up, others are falling behind and starting to seem unlikely to make it as a large palyer in the market.
Statistics
Allocation
Ping is still dominating this section. 11 coins, where PING takes almost a fourth is impressive.
Best/worst perfomer
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In just a months time this project went from being plus 500$ down to being back more than 200$, a 700$ change in less than a month. If I went all in on any coin than sonar this would've hurt hard, diversifying is important.
Chart
This chart shows clearly that investing in coins that haven't fully proven themselves is risky. You can make a quick and bountiful return, but you're just as likely to lose the money you invest.
Out of all the coins here I am strating to believe that sonar will find a good following and use case. Looked into it slightly and it's a lightweight customizble oracle service, an alternative to Chainlink pretty much. I didn't pick any of these coins for their use case or value, mainly if their name seemed fish or they saw signifcant swings. Let's see how these guys recover from the dip.
Thank you for reading and remember, don't buy shitcoins.
