An up and down period since my last report: the main portfolio rose to a worth of $1149.52 by end-March, but then fell back to $944.38 by the end of April.
The first of the airdrops fell and I now have some free new crypto coins.
As well as The Main Porftoflio, CTA now also advises on staking; airdrops, and short-term trades. Consequently, I have divided this report into four areas: The Main Portfolio, Airdrops, Staking, and Short-Term Trades.
The Main Portfolio
A loss of $51.2 over the latest two-month period.
Here are the essential stats for 14 months:
Acquisition Cost: $1160.14 (Completed on February 11th, 2021)
Minimum Bank: $874.89 (Feb 12th, 2022)
Maximum Bank: $2197.55 (May 10th, 2021)
Number of Profitable Months: 7/14
Number of Crypto coins in the portfolio: 17 (includes one stable coin)
Current Bank: $944.38 (April 30th, 2022)
Profit/Loss Since Acquisition: -$215.76
Return on Bank since Acquisition: -18.6 %
The graph below shows the daily value of the portfolio from March 1st, 2021 through April 30th, 2022:
The values each day are Noon amounts.
Six actual airdrops occurred during the last two months (including May 1st). Of these, I was qualified to receive two. For two of them, I did not qualify because certain of my crypto-holdings were too low; but other members did. The value of all four of these free coins is currently less than $10. I will provide updates on their future growth (if any).
The remaining two airdrops were only applicable to members that have been heavily involved in certain crypto-protocols or for a period longer than my CTA membership
Another new potential airdrop was advised, which I initiated bringing my expenditure on airdrop preparations to $100.00.
A total of ten coins are currently being staked plus an additional four minor coins (outside of the main portfolio) associated with airdrops. I will be reporting on the outcome of such staking in four months’ time.
Short Term Trades
None were recommended in this period
The next update will be in two months.
Airdrops involve crypto projects sending free tokens en masse to their communities in a bid to encourage adoption.
Stablecoins are cryptocurrencies that attempt to peg their market value to some external reference like the U.S. dollar.
Staking cryptocurrencies is a process that involves committing your crypto assets to support a blockchain network and confirm transactions. Staking can be a great way to use your crypto to generate passive income especially because some cryptocurrencies offer high-interest rates for staking.