Crypto Academy / Season 3 / Week 3 - Homework Post for @allbert | DCA To Create a Portfolio

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Select two Crypto, perform fundamental analysis, and based on your fundamental analysis explain why you chose them. Exclude BTC, ETH, RUNE. Develop and justify your answer. Be original.

The First cryptocurrency to perform fundamental analysis is BAT (Basic Attention token).

• BAT (Basic Attention Token)

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BAT(Basic Attention Token) is based on Ethereum technology, It is a utility token that is used as currency that is exchanged between advertisers, publishers, and users. It is intended to be use on the BAT platform, As it is meant to be exchanged between advertisers, publishers, and users, but now it can also be traded on different exchanges such as Binance which is a leading exchange in the crypto market.

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BAT(Basic Attention Token) is integrated on the Brave browser with the functionalities of Brave wallet, In the brave wallet we will receive the BAT Tokens if we enable the integrated feature of viewing ads to receive rewards in form of BAT tokens, these Advertisement are selected by brave team and these ads doesn't contain any malware or hacking scripts in it, these ads were seen in the notification area of our device, It blocks all other unnecessary advertisement from website and make our surfing experience better.

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BAT Token is is based on Ethereum technology and it is a ERC20 Token. It can be transferred/ stored in a ERC20 supported wallets such as MetaMask, Trust wallet.+

When Someone turns brave reward feature on the Brave browser then their browser keep a record of the time and attention they spend on different websites and divide the BAT token contribution of that person to those websites, brave ads allows user to earn BAT according to their attention on different websites.

Why I choose BAT Token.

BAT is a Token which is integrated with brave browser which is a blockchain based digital advertising platform, This browser is created by the Brendan Eich who is the creator of Mozilla Firefox, Javascript which is the leading browser came after google chrome browser, I can see the bright future of brave browser hence leading to the users of BAT Blockchain, Which significantly increase the price of the Token. As we are aware that the advertisements we saw on websites are controlled by the owner of the websites and they receive all the money for running advertisements, but in brave browser the user who watched the advertisement also receive the reward. They are looking forward to expand their team, This browser can be used on approximately all platforms leading to increased users.

The Second cryptocurrency to perform fundamental analysis is TRX(TRON).

• TRON(TRX).

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TRX (TRON) is based on tron blockchain database. It's is developed to develop a decentralized internet. It is the largest blockchain based operating system, TRON is the core partner with some of the world biggest companies such as Poloniex, Samsung, Bittorrent, Swisscom Blockchain, Opera browser.

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TRON is founded by Justin Sun. It offers Blockchain with high throughput, high scalability and high availability for all the Dapps, TRON foundation was established in Singapore in 2017, In 2018 tron occupied the Bittorrent, TRON is also integrated to the STEEM platform and now we can earn TRON from the Steem platform.

Why I choose TRX Token.

TRX is based on TRON network which is a separate network for TRX token, This network has other projects integrated within it such as Bittorrent, They are looking forward to expand their network, they has a big development team, TRON is working to make internet Decentralized that is a good thing for us all.

Through your verified Exchange account (screenshot needed), make a real purchase of one of the cryptocurrencies selected in the first assignment and explain the process. The minimum investment must be 5USD (mandatory) and must present screenshots of the verified account and the whole operation.

• To Demonstrate this i am buying BAT token on Binance exchange using my verified account.
  

• As we can see the amount of USDT I hold is 21.065.

• To exchange/ buy token click the market option on the bottom action bar.

• Search the token we want to exchange, So i entered BAT/USDT.

• Click the buy button.

• Enter the amount to USDT you want to exchange from USDT to BAT.

• Click Buy and our order is now completed.

• We can see the trade we just carried out in the trade history.

• We can see our asset we just exchanged in the Wallet.

Finally, make a simulated exercise, using the DCA method to perform the purchase of two assets and present charts showing the data of days in which the operation was performed, price of purchases, average price, sell point, percentage of profit or loss.

• Buying BAT/USDT using DCA strategy.

I demonstrated the DCA strategy using the BAT token on pair BAT/USDT.

Date	Price	Amount	Token
1 June	0.7647	9 USD	11.76
4 June	0.8275	9 USD	10.87
8 June	0.6950	9 USD	12.94
12 June	0.6132	9 USD	14.67
16 June	0.6907	9 USD	13.03
20 June	0.5970	9 USD	15.07
24 June	0.5496	9 USD	16.37
28 June	0.5421	9 USD	16.6
02 July	0.5636	9 USD	15.96
Total	5.8434	81 USD	127.27

Total days Exchange carried out: 9 days.
The average Price : 0.6492
Total USDT exchanged with BAT: 81 USDT.
Total BAT we got : 127.27 BAT.

If we sell our token at 02 July
Price on 02 July : 0.5636
Token we have till 02 july : 127.27 BAT.
We got = 127.27x0.5636 = 71.72 USDT.
Loss = 81-71.72=9.2 USDT.
Percentage loss : 9.2/81*100=11.35%.

• Buying BAT/USDT using DCA strategy.

I demonstrated the DCA strategy using the TRX token on pair TRX/USDT.

Date	Price	Amount	Token
1 June	0.07667	9 USD	117.3
4 June	0.08178	9 USD	110
8 June	0.07183	9 USD	125.2
12 June	0.06932	9 USD	129.8
16 June	0.07239	9 USD	124.3
20 June	0.06848	9 USD	131.4
24 June	0.06420	9 USD	140.1
28 June	0.06504	9 USD	138.3
02 July	0.06485	9 USD	138.7
Total	0.63456	81 USD	1155.1

Total days Exchange carried out: 9 days.
The average Price : 0.7050
Total USDT exchanged with BAT: 81 USDT.
Total BAT we got : 1155.1 TRX.

If we sell our token at 02 July
Price on 02 July : 0.06485
Token we have till 02 July : 1155.1 TRX.
We got = 1155.1x0.06485 = 74.9 USDT
Loss = 81-74.9=6.1 USDT.
Percentage loss : 6.1/81*100=7.53%.

Conclusion

While doing research on these topics i have searched about many coins and came to a conclusion that i can invest on two coins which are Basic attention token(BAT) and TRON(TRX) and did fundamental analysis on these two coins and give the reason why i would like to invest in these tokens. I purchased/exchange the coin USDT to get BAT token as i have a strong believe that this coin will give me great positive returns in long term, after that i demonstrated how we can use the DCA strategy to buy tokens and minimize the risk of loss. Thank you professor @allbert for this beautiful lecture.

Thank You