EXPERIMENT – Tracking 2019 Top Ten Cryptocurrencies – Month Sixty-Seven
The full blog post with all the tables is here.
Welcome! This is the latest report for my homemade 2019 Top Ten Crypto Index Fund. This group contains BTC, XRP, ETH, BCH, EOS, XLM, USDT, LTC, BSV, and Tron.
tl;dr:
What’s this all about? I purchased $100 of each of Top 10 Cryptos in Jan. 2018, no selling or trading, reporting monthly for over 6.5 years. Did the same in 2019, 2020, 2021, 2022, 2023, and 2024. Learn more about the history, rules, and FAQs of the Experiments (including the answer to the “WHY TETHER?!?!” question) here. Month 67 update (since Jan. 2019): ETH in the overall lead by a longshot, followed by BTC then Tron 2019 Top Ten Portfolio up +470%, 70% of coins in the green. Total Crypto market +1,707% over same time period. 2018+2019+2020+2021+2022+2023+2024 Combined Top Ten Portfolios are returning +209% compared to +58% with S&P500 if invested similarly.
Month Sixty-Seven – UP 470%
The 2019 Top Ten Crypto Index Fund consists of: BTC, XRP, ETH, BCH, EOS, Stellar, USDT, Litecoin, BSV, and Tron.
July highlights for the 2019 Top Ten Crypto Portfolio:
XRP significantly outperforms its peers this month, LTC and ETH slip -8% each. Ethereum maintains a strong overall lead since January 2019 (+2,217%). Second place is Bitcoin followed by third place Tron.
July Ranking and Dropout Report
Top Ten dropouts since July 2019: After sixty-seven months, 60% of the cryptos that started in the Top Ten in January 2019 have been knocked out.
EOS has fallen the furthest in rank so far (#76).
July Winners and Losers
July Winners – XRP (+22%) easily outperformed the rest of the Top Ten followed by a +9% month for Stellar.
July Losers – ETH and LTC both lost -9% in July making them the worst performers of the month.
Overall Update: ETH far ahead of the pack followed by BTC. 70% of cryptos in positive territory, EOS in the basement.
ETH (+2,217% since Jan. 2019) continues to be the best performer of this group, by far. In distant second place is BTC (+1,609%) followed by third place Tron (+554%).
The $100 investment into first place ETH on January 1st, 2019 is currently worth $2,378.
After sixty-seven months, 70% of the cryptos in the 2019 Top Ten Portfolio are in positive territory. The worst performer is EOS (-79%).
Total Market Cap for the Entire Cryptocurrency Sector:
There was no easy way to do so at the time, but if you were able to capture the entire cryptocurrency market since January 2019, you would be up +1,707%
This is still behind first place ETH (+2,217%) but much better than the rest of the Top Ten cryptos, including second place Bitcoin (+1,609%).
The total market is performing much better than the Top Ten approach (+470%) as well.
Crypto Market Cap Low Point in the 2019 Top Ten Crypto Index Experiment: $114B in January 2019.
Crypto Market Cap High Point in the 2019 Top Ten Crypto Index Experiment: $2.65T in October 2021.
Bitcoin Dominance:
BitDom ended the month at 55.3%.
For context, here are the high and low points of BTC domination over the life of the 2019 Experiment:
Low Point in the 2019 Top Ten Crypto Index Experiment: 38.1% in November 2022.
High Point in the 2019 Top Ten Crypto Index Experiment: 70.5% in August 2019.
Overall return on $1,000 investment since January 1st, 2019:
After sixty-seven months, the value of the initial $1000 investment is $5,697 up +470%. This is down from November 2021’s all time high of +665% for the 2019 Portfolio.
Although the 2019 Top Ten Portfolio is up +470%, it is not the best performing of the seven Top Ten Crypto Index Fund Experiment Portfolios: it is still a distant second place behind the 2020 Top Ten Portfolio which is up +736% at the moment.
Combining the 2018, 2019, 2020, 2021, 2022, 2023, and 2024 Top Ten Crypto Portfolios
Speaking of other Top Ten Portfolios, let’s put all seven together now:
2018 Top Ten Experiment: up +12% (total value $1,102) 2019 Top Ten Experiment: up +470% (total value $5,697) 2020 Top Ten Experiment: up +736% (total value $8,357) (best performing portfolio) 2021 Top Ten Experiment: up +203% (total value $3,033) 2022 Top Ten Experiment: down -43% (total value $570) (worst performing portfolio) 2023 Top Ten Experiment: up +77% (total value $1,775) 2024 Top Ten Experiment: up +10% (total value $1,102)
So overall? Taking the seven portfolios together:
After a $7,000 total investment in the 2018, 2019, 2020, 2021, 2022, 2023, and 2024 Top Ten Cryptocurrencies, the combined portfolios are worth $21,637.
That’s up +209% on the combined portfolios. The peak for the combined Top Ten Index Fund Experiment Portfolios was November 2021’s all time high of +533%.
Here’s the combined monthly ROI since I started tracking the metric in January 2020:
In summary: That’s a +209% gain by investing $1k on whichever cryptos happened to be in the Top Ten on January 1st (including stablecoins) for seven straight years.
Comparison to S&P 500:
I’m also tracking the S&P 500 as part of the experiments to have a comparison point with traditional markets.
Because the S&P 500 Index is up 117% since January 2019, the initial $1k investment I put into crypto sixty-seven months ago would be worth $2,170 had it been redirected to the S&P 500 in January 2019.
But what if I took the same world’s-slowest-dollar-cost-averaging $1,000-per-year-on-January-1st-Crypto-Index-Fund-Experiment approach with the S&P 500? It would yield the following:
$1000 investment in S&P 500 on January 1st, 2018 = $2,040 today $1000 investment in S&P 500 on January 1st, 2019 = $2,170 today $1000 investment in S&P 500 on January 1st, 2020 = $1,690 today $1000 investment in S&P 500 on January 1st, 2021 = $1,450 today $1000 investment in S&P 500 on January 1st, 2022 = $1,140 today $1000 investment in S&P 500 on January 1st, 2023 = $1,420 today $1000 investment in S&P 500 on January 1st, 2024 = $1,140 today
Taken together, the results for a similar approach with the S&P:
After seven $1,000 investments into an S&P 500 index fund in January 2018, 2019, 2020, 2021, 2022, 2023, and 2024 my portfolio would be worth $11,050.
That is up +58% since January 2018 compared to a +209% gain of the combined Top Ten Crypto Experiment Portfolios.
Here’s a table providing an overview of the seven year ROI comparison between a Top Ten Crypto approach and the S&P:
Conclusion:
To both old-timers and newcomers: thanks so much for taking the time to read and for supporting the Top Ten Crypto Index Fund Experiments. I hope you find the updates helpful in terms of perspective as you navigate the crypto landscape. Be careful out there and don’t put your mental, physical, or financial health at risk chasing gainz. If crypto is causing you to lose sleep at night, chances are you have too much in crypto: try to think long term and don’t invest what you truly can’t afford to lose. Feel free to reach out with any questions and stay tuned for the latest progress reports. A reporting note: I’ll focus on 2024 Top Ten Portfolio report + one other portfolio on a rotating basis this year, so expect two reports per month. July’s extended report is the 2019 Top Ten Portfolio (the one you’re reading now). You can check out the latest 2018 Top Ten, 2020 Top Ten, 2021 Top Ten, 2022 Top Ten, and 2023 Top Ten reports as well.
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