Crypto Daily: Top-5 Portfolio Grew at 15% and Reached $42,000

Feb 11, 2021
11:02
2 min reading

Choise.com team

Let’s see if we managed to hold positions in our portfolio:

As you can see from the table, our portfolio continued to grow, increasing by 15% over the week. Its value exceeded $40,000 for the first time. At the same time, many coins have significantly increased in value by tens of percent. It is quite obvious that the market has entered a growth phase again and our portfolio reflects this with high accuracy.

XRP became the leader of growth, the price of which increased by 35% in 7 days. Our forecast turned out to be 100% correct. Last week, we predicted that we would expect XRP at $0.5 and it happened. At the same time, we believe that the growth potential has not been exhausted and the coin will continue to grow. The nearest target is the $0.7 level.

Bitcoin has also grown significantly – almost 19% and set the new ATH at $48,100. We also predicted this movement last time and were correct in our assumptions. We are now seeing a slight decline in price, but it looks like a correction. Therefore, in the next 7 days, we plan to see Bitcoin rise to $50,000 and possibly be able to break this level.

Litecoin followed Bitcoin and grew by almost the same amount – 18%. We also found ourselves in the direction of where Litecoin would rise and expect to see a stop at $180. Perhaps we will see some consolidation near this level, but then a breakout is possible first to $200 and then to $240.

Ethereum, on the other hand, did not grow much – only 4%. However, over the week, the chart set ATH several times, which is now at $1,837. The opening of CME futures had almost no effect on the chart, although we expected the opposite. ETH is still moving in an upward channel and has all the prerequisites to take the $2,000 level this week.

CRPT was the only coin to drop in our portfolio. However, we continue to observe the accumulation phase in the coin. Over the past 7 days, we failed to gain a foothold above $0.3, but we continue to expect this. Now is a good time to get a low-cost CRPT.

As a result of such a strong movement, the ratio of assets in our portfolio has changed significantly, so we will be rebalancing. This time, we are selling a significant portion of XRP and some Bitcoin. We will use these funds to buy CRPT, ETH and LTC.

The market has been very volatile over the past 7 days and this may continue in the coming week. Nevertheless, our portfolio continues to show good growth rates, almost keeping up with the market. This means that we have chosen the right strategy. But if you want to double your profit in a growing market from just holding cryptocurrency, open a Crypterium savings account and make a deposit now.