I DCA into the Reddit Index: These are the Top 7 Crypto Subreddits - Month 6

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I DCA into the Reddit Index: These are the Top 7 Crypto Subreddits - Month 6

<!-- SC_OFF --><div class="md"><p>In January, the tables were turned. The market has shifted from bearish to slightly bullish. Without further ado, here are the top seven cryptocurrencies on Reddit in terms of subscribers:</p> <p>&#x200B;</p> <table><thead> <tr> <th align="left"># for January 2023</th> <th align="left">Subscribers</th> <th align="left">Minimum monthly active user volume</th> </tr> </thead><tbody> <tr> <td align="left">1. Bitcoin</td> <td align="left">4,807,334</td> <td align="left">587,061 (-11%)</td> </tr> <tr> <td align="left">2. DOGE</td> <td align="left">2,379,566</td> <td align="left">405,944 (-14%)</td> </tr> <tr> <td align="left">3. Ethereum</td> <td align="left">1,632,788</td> <td align="left">117,652 (-9%)</td> </tr> <tr> <td align="left">4. Cardano</td> <td align="left">693,692</td> <td align="left">120,753 (-10%)</td> </tr> <tr> <td align="left">5. Shiba-Inu</td> <td align="left">477,398</td> <td align="left">135,131 (+53%)</td> </tr> <tr> <td align="left">6. Litecoin</td> <td align="left">356,284</td> <td align="left">37,954</td> </tr> <tr> <td align="left">7. XRP</td> <td align="left">355,382</td> <td align="left">23,802 (-9%)</td> </tr> <tr> <td align="left">8. Monero (for info)</td> <td align="left">284,939</td> <td align="left">75,063 (-18%)</td> </tr> </tbody></table> <p><em>Minimum monthly active user volume: Estimated number of monthly active users by monitoring daily active users at different time zones.</em></p> <p>Here is the result of my portfolios where I invest $20 into each coin ($140 per portfolio) every month:</p> <table><thead> <tr> <th align="left"></th> <th align="left">Input (6 months)</th> <th align="left">Current Value (23-02-01)</th> <th align="left">Cryptocurrencies</th> </tr> </thead><tbody> <tr> <td align="left">Reddit Index</td> <td align="left">$840</td> <td align="left">$959 (+14.5%)</td> <td align="left">BTC, ETH, DOGE, ADA, SHIB, LTC, XRP</td> </tr> <tr> <td align="left">Crypto Tech Index</td> <td align="left">$840</td> <td align="left">$956 (+13.8%)</td> <td align="left">ETH, BNB, DOT, ADA, AVAX, MATIC, IOTA</td> </tr> </tbody></table> <p>&#x200B;</p> <p>The reddit portfolio, as well as the crypto tech portfolio, recovered from the FTX crash in November. Within just a month, both portfolios went from double-digit losses to double-digit gains. What a roller coaster it has been in Crypto! I buy every month as part of a DCA strategy, regardless of whether the market is up or down. This month's purchase felt like a bad deal because I received less crypto for my money than in previous months. Part of the DCA strategy is to stay in the market as long as possible rather than trying to time it. With DCA, I learned in the last months to be more disciplined in order to follow the strategy rather than my emotions. Whether the market is up or down, I'll stick to my DCA strategy. I'm looking forward to seeing how the portfolio evolves over time.</p> <p><strong>For navigation:</strong></p> <p><a href="https://www.reddit.com/r/CryptoCurrency/comments/x47tpj/i_created_the_reddit_crypto_index_and_it_will/?utm_source=share&amp;utm_medium=web2x&amp;context=3">Reddit DCA Start</a></p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Abranx"> /u/Abranx </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/10sxi7o/i_dca_into_the_reddit_index_these_are_the_top_7/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/10sxi7o/i_dca_into_the_reddit_index_these_are_the_top_7/">[comments]</a></span>