ICO portfolio review for January 2018

After a crazy rise in December, January was a very bad month for crypto-currencies. The most famous one, Bitcoin, lost about two third of its value. As a result, my ICO portfolio also suffered. I’m really happy I invested only a small sum as I’m not sure I could bear such volatility !

Portfolio structure

There has been noo change in my portfolio composition in January; I didn’t invest in any new ICO. WePower ICO took place on February, 1st and I really wanted to invest in it, but I totally missed it as I didn’t have internet access 🙁

I have invested in the following ICOs in equal proportions :

  • Crypto20 (C20), a crypto index fund
  • Symmetry (SYMM), a fund invested in crypto-currencies and ICOs
  • Naga Coin, (NGC) a smart crypto-currency for gaming and trading
  • Signals (SGN), a platform aimed at providing crypto-trading strategies

Current tokens valuation

Currently only two tokens are valued. C20 value is available in realtime at the project’s homepage, while pas values are displayed in the performance page. In addition to this, C20 is finally trading on exchanges. I’m using the official NAV value here, as there are differences between exchanges prices; moreover, the small liquidity may lead to unrealistic prices.

At the end of January, C20 token’s value was around $2.31 (versus $2.91 last month).

Crypto20 (C20) token price

Here’s NGC priced in USD at HitBTC; the chart includes most of February as I’m writing this article very late 🙁 While the token was worth at $2.82 at the end of December, it dropped to $1.46 at the end of January.

Naga Coin (NGC) token price

Total portfolio valuation

My ICOs portfolio saw an insane growth in December. In January, it went back to Earth – especially NGC -. The total growth of the portfolio is now “only” 25%. This figure  shows how crazy the crypto-currencies world is; it’s a huge drop compared to last month (where I doubled my portfolio), but even after that, the return is still impressive for such a small time.

ICOs portfolio evolution

Future directions

Spoiler alert 🙂 After missing the WePower ICO, I decided to invest in NapoleonX, a crypto asset manager. I’ve been considering it for some time, and finally invested in it. I’ll provide more details in next month’s ICo review.

 

Also, as I really appreciate Crypto20’s approach, I keep a close eye on their current developments, and will probably invest in their future tokens.

 

Monthly ICO portfolio review

As I mentioned in this post, I started investing a small sum in crypto-currencies through ICOs (initial coin offerings) at the end of 2017. This portfolio is extremely small compared to my P2P lending portfolio.

From now on, I’ll report on the fluctuations of the tokens price on a monthly basis.

Portfolio structure

I invested an equal amount in the following ICOs :

  • Crypto20 (C20), a crypto index fund
  • Symmetry (SYMM), a fund invested in crypto-currencies and ICOs
  • Naga Coin, (NGC) a smart crypto-currency for gaming and trading
  • Signals (SGN), a platform aimed at providing crypto-trading strategies

Current tokens valuation

It may be hard to value a portfolio invested in ICOs. Currently neither SGN or SYMM have real value, as the ICO is not over yet.

The value of a C20 token is published at the project’s homepage; historical NAV can be found in the performance page. C20 token will also soon trade at HitBTC, a crypto-currency exchange. The NAV on December, 31st was $2.91.

CRYPTO20 - NAV Chart

NGC’s situation is even clearer as it already trades at HitBTC. As of December, 31st its closing price was $2.82.

NGC/USD chart at HitBTC

Total portfolio valuation

As I mentioned, I invested an equal amount in all four ICOs. Depending on the crypto-currency used to invest in ICOs, the transaction fees were different. In order to simplify comparison, I will disregard the transaction fees paid initially.

Also, as I bought the NGC tokens during the pre-sale, I got a nice 30% bonus on the price, meaning that I actually bought 30% more tokens for the same price.

In order to make comparisons easier, I gave an initial value of 1 for all tokens. The resulting growth is impressive : around 3 times for C20 ($1 to $2.91), and about 3.6 times for NGC, thanks to the bonus ($1 to $2.82 plus 30% equal $3.66 ). Including the two “idle” tokens, I doubled the value of my portfolio in one month.

ICOs portfolio valuation as of December 2017

 

Will this crazy growth continue ? I’m of course not sure. Overall I’m really confident  in C20’s value; NGC’s price variations remain to be seen. SYMM’s first dividend is supposed to be paid in April, so we’ll see how it turns out !

Future directions

I try to stay informed on current ICOs and trends in crypto space, as I find this topic interesting. However I don’t plan to grow my portfolio much, unless I found a very compelling ICO to invest in. Crypto20 is supposed to create new indexes later (for example for ICOs), so it may provide new investment opportunities.