Last week was pretty volatile. If at the beginning of the week, the crypto market was preparing to storm new heights of capitalization, showing a maximum value of $356 billion, by the end of the week the total decline was 20% and reached a mark of $286 billion. The price of Bitcoin dropped from $13,093 to $10,326. The decrease of other currencies from the Top 10 Cryptocurrencies by Market Capitalization.
It was also quite notable – ETH and Bitcoin Cash lost 15% each, Bitcoin SV 18%, EOS and Binance Coin 9%, while the price of TRX decreased the least – 4%. Among the largest cryptocurrencies from the Top 100 Cryptocurrencies by Market Capitalization, only a few showed growth during the week. Two of those crypto assets were Egretia (EGT) and Japan Content Token (JCT), currently showing an increase of 39% and 51% respectively.
A lot of crypto news came out last week – an ongoing discussion in US’ Parliament about the prospects of Facebook’s cryptocurrency, called Libra, the expected appointment of Christine Lagarde as the next president of the European Central Bank (ECB), known for her positive attitude towards cryptocurrency, and official mention of Bitcoin as digital gold by the chairman of the Federal Reserve. However, this did not affect the rate of cryptocurrencies significantly, and apparently, the market will be in a correction phase this week .
In such conditions, it is necessary to make a big effort to increase the profitability of crypto investments.
Let’s see how our Plutus Wallet users have responded to the situation, and what results they have achieved!
Top 10 Portfolios. Base Currency — Bitcoin
The winner of the BTC crypto week portfolio chart was Mustard Salamander #4573, who went almost all-in with Tokendesk (TDS), adding1% of the NEO (NEO) coin and getting a result of +39.6%. The same user took second place as well, applying a similar strategy, going for a slightly higher percentage of NEO (3%), resulting in a portfolio growth of +39.29%. Users’ portfolios ranked from tenth to third also didn’t use crypto portfolio diversification, combining Japan Brand Coin (JBC) as their primary crypto asset, and adding a little touch of Bitcoin (BTC) (1-2%). This approach allowed them to achieve almost identical results, from +38.89% to 39.29%.
Top 10 Portfolios. Base Currency — USDT
Over at the USDT chart of the best crypto portfolio simulator, the situation differs quite a lot compared to the BTC leaderboard. Camouflage Green Red deer #7030 took first place and double his portfolio, using not one crypto coin, but a combination of Freyrchain (FREC), CrowdWiz (WIZ) and Noah Coin (NOAH) in equal parts. All crypto portfolios ranked from 10th to 2nd had Freyrchain (FREC) in their collection, managing different combinations of Bitcoin (BTC), Tether (USDT), NOAH and WIZ for crypto portfolio diversification purposes. This resulted in a growth from 91.72% to 97.5%.
At first glance, it looks like the current tendency on the crypto market isn’t too comfortable for profitable investing. But the results of our users show that you can make a profit in any situation. Therefore we are particularly happy to reward this week’s winners with Plutus Coins!
If you want to take part in our weekly best crypto portfolio competition and take your piece of the crypto Pie, simply install our Plutus Wallet app for your device (Android, iOS and Desktop are supported), log in, and start managing your crypto portfolio.