The Great Moon Experiment: 10,000 in Moons – $500 USD – 10 Coins on Binance, Redditors pick the Coins. – April 5th Update
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Another month passes us by, and we've seen Bitcoin go down, up, down, up, hit another high of 61k, and settle into a comfortable range. Without further adieu, here's the challenge. ________________________________________________________________________________________ Here's how the $500 is now. ________________________________________________________________________________________ Challenge is approaching an *average* of 1000% returns. 10 – XMR – $119.12 The Gains are still private, at least. In what seems to be a ritual by now, XMR lags behind the pack. Whether it's regulation or something else, XMR's price has lagged behind in every metric, from Bitcoin to alts. Still better than fiat though! 9 – XRP – $148.34 Still lagging behind the pack, it looks like the former #2 of the Crypto world has begun to pick up a bit of its slack. Time will tell if this is just following in Bitcoin's footsteps, or if the SEC trial continues to pull at its pricing. 8 – ETH – $249.75 Steady and solid, but largely moving with BTC. In a normal challenge, going 5x your original amount would be crazy and cause for celebration. However, in terms of this one, ETH is actually lagging behind the rest of altcoins. Still, a $2000+ celebration is in order for all the ETH holders, which is a major price milestone. High gas fees continue into 2021 however, so maybe people are skeptical about scaling issues and the time it will take to resolve them. 7 – IOTA – $360.19 IOTA seems to have picked up signs of life in the last month, rocketing to two new spikes that remind holders of the 2017 days. It's no all time high again (Yet), but surely this should give people enthusiastic about the project good vibes. 6 – NANO – $371.12 A little issue with proof of work. NANO looked to be rising to get near its former glory when a spam attack hit the network, bottlenecking transactions and halting exchange activity. Its price has regressed in the meantime. Still, an impressive run since November can't leave people interested in the project too sour, and an update was quickly pushed to mitigate damage, so maybe it will do better in next month's challenge. 5 – VET – $483.76 VET has pierced the $0.10 mark, marking this as the first time since 2018 it has crested a new all time high. It enters price discovery mode now, so enthusiasts are excited to watch where it leads from here. 4 – LTO – $592.99 Touched a new all time high, retracing since then. LTO has seemingly become a /r/cryptocurrency fan favourite since November, hitting all time highs seemingly every month. It seems to hit a new all time high every week, retracing gains since then, but still remains in the top 300. Is more to come for LTO or was this a flash in the pan? 3 – ADA – $595.13 ADA started the month with a rocket past $1, smashing all time highs, then hit another blistering milestone, climbing almost to $1.50. It's since regressed slightly as people take profits and consolidation happens, but ADA's prowess is more than noticeable since challenge start. 2 – SOL – $635.74 If your chart looks like this, you're in good shape. SOL has been a surprise performer, absolutely smashing not 1, not 2, but 4 all time highs in this month alone. In November, there was some FUD about the supply increasing and the market cap being bloated, but it's still remained a shooting star since then. 1 – DOGE – $1137.88 DOGE continues to be the frontrunner, with spikes and dips based on Elon Musk's current sentiment and twitter posts. Still, DOGE is up so much from the start of this challenge it's looking questionable if any other coin will go anywhere near its heights. ________________________________________________________________________________________ Our portfolio ended last month at $3492.65, giving a total gain of $1201.37 in March. If the $500 (10,000 moons) had been left in moons, they would currently be worth $774. If the $500 had been left in BTC (0.0353 * $58,000), it would be worth $2047.40 ________________________________________________________________________________________ Reddit's portfolio continues to overperform most other metrics. Congrats to this month's top 3 – u/TheRealMotherOfOP for DOGE, arika2411 for SOL, and u/Madfires for ADA. See you next month 🙂 submitted by /u/LargeSnorlax |
