Crypto Return on Investment
Every weekend I do stock market ROI analysis for different periods starting with 5-day ROI and ending with YTD ROI. This exercise provides me with additional trending insights that helps me in my trades.
Starting this week, I am going to do this ROI analysis for the crypto asset class as well. I track and look to trade 24 crypto instruments selected by me based on market cap and utility. So, there are a lot of smart contracts crypto in my list as I see blockchain being the most important sector of the crypto space.
Overall, we can still see a lot of reds in the table. The 1-month returns are quite positive and most of the instruments are positive for that period. But everything else still looks bad with the worse being the 5-day returns.
Other than Ethereum, Cardano and Axie Infinity, all the crypto in my tracking list were negative over 5 days. That could mean that the 1-month gains may not be sustainable.
The Bitcoin price is trending bullish short-term. The price ROI has been sluggish somewhat. It has lost ground to Ethereum, and the Bitcoin dominance has come down to around 42%. I will continue to hold though.
The Ethereum price is trending bullish short-term, and the price ROI has been great. Over 1-month the price has gained +40% and no one should be complaining. I will continue to hold.
The Cardano price is trending bullish short-term. The price ROI is picking up somewhat and I need to look at it closely. I have no position at this time as I have been skeptical with its lackluster performance for so long.
The Solana price is trending bullish short-term, although it dipped below its 10-day moving average recently. The price ROI has also been sluggish. I hold this and need to seriously consider whether I continue to hold or not. Perhaps exchange with Cardano?
The Polkadot price is trending bullish short-term. Its price ROI has been just horrible though and I do not want to get near it at all for now.
The Avalanche price is trending bullish short-term. It has had a very strong 1-month price ROI and I am watching what happens next. I hold this and will continue to hold for now.
The Polygon price is trending bullish short-term. It also has the best 1-month price ROI. I will continue to hold for now.
The Algorand price is trending bullish short-term, although it dipped below its 10-day moving average recently. The price ROI has been poor, and I will stay away for now.
The Cosmos price is trending bullish short-term. The price ROI has been reasonably good, and I will continue to hold for now.
The Chainlink price is trending bullish short-term. The price ROI has been very lukewarm though and seems like it will never realize what is expected of it. I do not have any position and do not intend to buy any soon.
The Decentraland price has been trending bullish short-term. The price returns have not really delivered. I do not have any position and do not intend to buy any soon.
The Sandbox price has been trending bullish short-term. The price ROI has been quite good, and I will continue to hold for now.
The Axie Infinity price has been trending bullish short-term. The price ROI is picking up and I may look at entering a position in it soon.
The Uniswap price is trending bullish short-term although it dropped below its 10-day moving average recently. It has had a nice 1-month run and close to turning positive over 3 months as well. I will continue to hold for now.
The AAVE price is trending bullish short-term but, similar to Uniswap, it dipped below its 10-day moving average. AAVE also has a nice 1-month run and I will continue to hold for now.
The Filecoin price is trending bullish but overall price ROI has been bad all along. The chart shows a lot of choppiness and indecision. I do not have any position and do not intend to buy any soon.
The Helium price movement is also not showing any conviction even though it is trending short-term bullish. ROI performance has been bad. I do not have any position and do not intend to buy any soon.
The Stellar price is trending bullish, but price ROI has been bad. I do not have any position and do not intend to buy any soon.
The Internet Computer price movement has been one of the worst. The ROI has been bad, and the trending seems to be dipping back into bearish territory. I do not have any position and do not intend to buy any soon.
The Tezos price is trending bullish, and I will continue to hold my position for now.
The Compound price 1-month ROI is good and overall, it is trending bullish. But the price is dipped below both the 10-day and the 20-day moving averages. Does not give me much confidence. I do not have any position and do not intend to buy any soon.
The Maker price is trending bullish, but price ROI has been underwhelming. I do not have any position and do not intend to buy any soon.
The Graph price is trending bullish, but the price ROI has been bad. I do not have any position and do not intend to buy any soon.
The Dogecoin price trending is bullish, but price ROI has been underwhelming. I do not have any position and do not intend to buy any soon.
Here is the full trending table shown as a heat map.
Short-term mostly green but longer-term still trending red.