 | Find the full blog post with all the tables and graphs here. Welcome to your monthly no-shill data dump: Here's the YEAR END REPORT for the 2024 Top Ten Experiment featuring BTC, ETH, USDT, BNB, SOL, XRP, ADA, AVAX, DOGE, and DOT. SNAPSHOTS ALWAYS TAKEN ON FIRST OF THE MONTH (data below reflects 1 JANUARY Snapshot). tl;dr
Month Twelve – Up +90%The 2024 Top Ten Crypto Index Fund Portfolio is BTC, ETH, USDT, BNB, SOL, XRP, ADA, AVAX, DOGE, DOT. December highlights for the 2024 Top Ten Portfolio:
December RankingsHere’s a look at the movement in the ranks twelve months into the 2024 Top Ten Index Fund Experiment: With the exception of DOT, most of the Top Ten stayed in place all year. December Winners and LosersDecember Winner – XRP (+10%) and BNB (+6%) were the only coins in the green, outperforming the field this month December Loser – a bad month for D-coins: DOGE (-25%) lost a quarter of its value and DOT is down -23%. Overall Update: XRP takes the yearly victory followed by second place DOGE. DOT finishes in last place. 80% of cryptos in the green.You didn’t see this prediction much in early 2024: XRP (+275%) was the best performing Top Ten crypto of 2024, followed by second place DOGE (+254%). The initial $100 invested in XRP twelve months ago is worth $375 today. Most Top Ten cryptos finished in positive territory this year with the exceptions of AVAX and DOT. DOT was the worst performer of this year’s Top Ten Experiment, down -17%. Overall return on $1,000 investment since January 1st, 2024:The initial $1000 investment on New Year’s Day 2024 is now worth $1902, +90% this year. Here’s a visual summary of year one of the 2024 Top Ten portfolio: 2024 Top Ten Portfolio vs. The Alongside Crypto Market Index Token (AMKT)The first Top Ten Crypto Experiment was started on 1 January 2018 in an attempt to capture the gains of the entire market. Much has changed over the last seven years, including the introduction of index products designed to capture the entire crypto market (instead of manually buying coins and tokens like I do for my Experiments). This year’s friendly competition is between The 2024 Top Ten Portfolio and The Alongside Crypto Market Index Token (AMKT). AMKT is an ERC-20 token that represents a cap weighted index of 15 Cryptocurrencies (minus stablecoins) backed 1:1 by the underlying assets represented within the index and completely onchain. Since the index represents approximately 95% of the value within crypto, AMKT is an excellent proxy for the entire cryptocurrency market – exactly what my Top Ten Portfolios have been trying to recreate from the start. Here’s the question I tracked this year: would I have been better off with $1,000 of AMKT instead of creating a homemade $1,000 Top Ten Index Fund? On 1 January 2024, $1000 was equal to 7.23 AMKT. Here’s the snapshot, one year later: December Performances:
The monthly victory goes to: The Alongside Crypto Market Index Token (AMKT) FINAL TALLY FOR 2024:
Overall winner: The Alongside Crypto Market Index Token (AMKT) For the more visual, here’s the table I used to track the friendly Top Ten vs. AMKT competition this year: That’s a wrap on the 2024 Top Ten vs. AMKT competition. For the second year in a row, AMKT took the overall lead. Quick summary: 2023: AMKT returned +141% vs. my Top Ten’s 73% 2024: AMKT returned +105% vs. my Top Ten’s 90% Not bad for doing nothing. Combining the 2018, 2019, 2020, 2021, 2022, 2023, and 2024 Top Ten Crypto PortfoliosThe 2024 Top Ten is one of seven concurrent experimental portfolios. So, where do we stand if we combine seven years of the Top Ten Crypto Index Fund Experiments?
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 $31,741 That’s up +353% on the combined portfolio. The peak for the combined Top Ten Index Fund Experiment Portfolios was November 2021’s all time high of +533%. The 2022 Top Ten Portfolio remains tantalizingly close to break even point for the first time since its inception in January of 2022 at -4%. Here’s the combined monthly ROI since I started tracking the metric in January 2020: In summary: That’s a +353% 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 500I’m also tracking the S&P 500 as part of my Experiment to have a comparison point to traditional markets. The S&P 500 is up +23% so far in 2024, so the initial $1k investment into crypto on New Year’s Day would be worth $1,233 had it been redirected to the S&P. Taking the same invest-$1,000-on-January-1st-of-each-year approach with the S&P 500 that I’ve been documenting through the Top Ten Crypto Experiments, the yields are the following:
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 $11,934. That is up +70% since January 2018 compared to a +353% gain of the combined Top Ten Crypto Experiment Portfolios. The visual below shows a comparison on ROI between a Top Ten Crypto approach and the S&P as per the rules of the Top Ten Experiments: Conclusion:That’s a wrap for the first year of the 2024 Top Ten Crypto Index Fund Experiment. It ended up being a very solid year, despite some bumps along the way, par for course in crypto. To the long time followers of the Top Ten Experiments, thank you for sticking around so long. For those just getting into crypto, I hope these reports will help prepare you for the highs and lows that await on your crypto adventures. Buckle up, go with the flow, think long term, and truly don’t invest what you can’t afford to lose. Most importantly, try to enjoy the ride. For the 8th straight year, we are doing this again! Check out the announcement post for the 2025 Top Ten Crypto Index Fund Experiment. You can check out the latest OG 2018 Top Ten, 2019 Top Ten, 2020 Top Ten, 2021 Top Ten, 2022 Top Ten, and 2023 Top Ten as well. [link] [comments] |
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