This is Week 11 of Steemit Crypto Academy and I'm writing Homework Task for Professor @yohan2on
So, in the homework task. The professor told us to design a Cryptocurrency investment portfolio of at least 6 coins with minimum investment of $50.
Below are the coins mentioned where I have invested for 2 days to write this Homework Task.
I had $530 on my Binance wallet and I decided to invest all those dollars in these 6 coins to do my Homework task of Professor yohan2on
- WIN: I have invested $300
- SC: I have invested $40
- TRX: I have invested $40
- VET: I have invested $40
- BTT: I have invested $60
- DENT: I have invested $50
Why I choose these 6 coins for investment?
1) Why WINK (WIN)?
Wink is used to pay fees and enable transactions on the Wink network and I beleive that WIN has a bright future.
2) Why SIA Coin (SC)?
Sia coin is known is one of the best crypto investment of 2021. It is
a peer to peer cloud storage, encrypted and decentralized platform which is very unusual in the cryptocurrency world.
3) Why TRON (TRX)?
We have recently seen the integration of TRON with Steem. The social media team of TRON is very much active and they are consistently upgrading the network/system. Experts believe that TRX can even touch $1 in upcoming years. That's why I included TRX in my portfolio.
4) Why VET?
VET is also known as VeChain Bockchain. I have read that
Vechain will hit $1 by the end of 2021 (source).
5) Why BitTorrent (BTT)?
BTT is a TRC-10 token which worked on TRON Blockchain. BTT is created for clients who uses BitTorrent Network. BTT is known as one of the promising Altcoin and I beleive that it's price will definately increase in the upcoming years.
6) Why DENT?
I don't know much about DENT. But, One of my friend has told me to invest in DENT. I looked at the price of DENT and it's price wasn't much. That's why I invested my $50 in DENT to see what happens in Future.
We can buy these coins by setting a pricce limit. But I bought all these coins on market rate just to attempt the homework task.
1) WIN
I invested $300 in WIN 2 days ago and it gave me $4 profit in 2 days. That's almost a profit of 1.33%.
2) SC
The price of SC didn't change much in these 2 days and I earned only few cents by investing $40. That is almost a profit of 0.50%.
3) TRX
I have made $2.7 profit in 2 days by just investing $40 in TRX. That's almost a 7% profit
4) VET
I have just loss few cents in last 2 days by investing $40 in VET. That's a loss of almost 0.50%.
5) BTT
I have got a profit of $1.18 in 2 days just by investing $60 in BTT. That is almost a profit of 2%.
6) DENT
I took profit of almost $1.21 by investing $50 in DENT. That is almost a profit of 2.4%
My Overall Investment & Profit
Coin | Buy (Before 2 days) | Sold (After 2 days) |
---|---|---|
WIN | $300 | $304.4 |
SC | $40 | $40.18 |
TRX | $40 | $42.72 |
VET | $40 | $39.82 |
BTT | $60 | $61.18 |
DENT | $50 | $51.21 |
Total | $530 | $539.51 |
NOTE:
I have made almost a profit of $9.51 in 2 days by investing $530 in these 6 coins.
And that's almost a profit of 1.79%.
Hi @salmanwains
Thanks for participating in the Steemit Crypto Academy
Feedback
You had to establish more solid reasons as to why you chose to invest in your selected Cryptocurrencies. Otherwise, thanks for the effort and congratulations on your 1.79%
Homework task
6
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit