[ EXPERIMENT – Tracking Top 10 Cryptos of 2019 – Month Nine – UP +54%](https://preview.redd.it/a1hbryjzj2s51.png?width=666&format=png&auto=webp&s=4bb4faf70a0f226faf931bb59c2c29769688d2be)
***See the full blog post with all the tables*** [***here***](https://toptencryptoindexfund.com/tracking-2019-top-10-cryptocurrencies-month-21/)***.***
* I like moons, I like music. I also like burying musical references in crypto reports. First one to name the two musical references gets some moons.
* Remember the panic in early Sept? Despite a tough month, the 2019 Top Ten are +54% and still well ahead of the stock market.
* What’s this all about? I purchased $100 of each of Top Ten Cryptos in Jan. 2019, haven’t sold or traded. Did the same in 2018 and 2020. ***Learn more about the history and rules of the Experiments*** [***here***](https://toptencryptoindexfund.com/about/)***.***
* **September** – all cryptos in the red, so I guess **Tether** wins the month.
* **Overall since Jan. 2019** – **ETH** loses lead to **BTC** which is +189%. Only 2 out of the Top Ten in negative territory.
* *Combining all three three years, Top Ten cryptos underperforming S&P if I’d taken a similar approach.*
## Month Twenty One – UP 54%
[2019 Top Ten Summary for September](https://preview.redd.it/8x4bbnoom2s51.png?width=898&format=png&auto=webp&s=fc3d1bf19571539e6cff83933d711604028300f5)
Although crypto recovered a bit from an early [September](https://www.youtube.com/watch?v=3cKtSlsYVEU) dive, the 2019 Top Ten Portfolio ended the month completely in the red, similar to what we saw in [June](https://toptencryptoindexfund.com/tracking-2019-top-10-cryptocurrencies-month-18). **Litecoin** dropped out of the Top Ten this month, the first time since these Experiments began.
## Question of the month:
#### In September, Tether moved 1 billion USDT coins from TRON to this blockchain:
*Scroll down for the answer.*
## Ranking and September Winners and Losers
[2019 Top Ten Ranking](https://preview.redd.it/787k3t69n2s51.png?width=331&format=png&auto=webp&s=320e6010531528ec2239534210026df95eaaff35)
Here come the new coins: with the exception of **BCH** (up one place from #6 to #5) every crypto either remained in place or dropped. **BSV**, down one place, **EOS** and **Tron** down two, and **Stellar** fell three. **Litecoin** dropped a massive five places to land itself outside of the Top Ten, the first time since I began the Experiments back in January 2018.
Due to **Litecoin’s** expulsion from the Top Ten, 40% of the crypotos have dropped out of the Top Ten [since January 1st, 2019](https://toptencryptoindexfund.com/tracking-2019-top-ten-month-one/): **Tron, Stellar, Litecoin** and **EOS** have been replaced by **BNB, DOT, ADA,** and **LINK**.
***September Winners*** – With all cryptos in the red, stablecoin **Tether** outperformed the rest. **BTC** finished second, down -8% in September, followed by **BSV**, down -10%.
***September Losers*** – **LTC** had a truly horrible month, losing nearly a quarter of its value (-24%), falling five places in the ranking, and falling out of the Top Ten. Close behind was **Stellar** and **ETH**, down -23% and -22%.
For overly competitive nerds, here is a tally of which coins have the most monthly wins and losses during the first 21 months of the 2019 Top Ten Experiment:
[2019 Ws and Ls](https://preview.redd.it/6zu81w6en2s51.png?width=322&format=png&auto=webp&s=8ab3faccba845e4fae183fb37cdd207d2df143e5)
Depressingly**, Tether** is still far ahead with seven monthly victories, more than twice as much as second place **BSV** and **ETH.** And although **BSV** is up 87% since January 2019, it dominates the monthly loss count: it has now finished last in eight out of twenty-one months.
Swing trade anyone?
And **XRP** is still the only crypto that has yet to notch a win.
## Overall update – BTC takes lead from ETH. Stellar now worst performing since Jan. 1st, 2019
After briefly pulling ahead of **BTC** [last month](https://toptencryptoindexfund.com/tracking-2019-top-10-cryptocurrencies-month-20), **ETH** gave up its overall lead in September. The top two are up +189% and +169% respectively followed distantly by **BSV**, up +87% since January 2019. The initial $100 investment in **BTC** is currently worth $295.
Twenty-one months into the 2019 Top Ten Index Fund Experiment, 80% of the 2019 Top Ten cryptos are either flat or in the green. The other two cryptos are well in negative territory: last place **Stellar** (-33%) and second to last place **XRP** (-32%) have each lost about one third of their value since [January 2019](https://toptencryptoindexfund.com/tracking-2019-top-ten-month-one/)).
At +54%, the 2019 Top Ten Portfolio is just behind the [2020 Top Ten Portfolio’s](https://toptencryptoindexfund.com/tracking-2020-top-10-cryptocurrencies-month-9) +56% gain and both are far, far ahead of the [2018 group](https://toptencryptoindexfund.com/tracking-2018-top-10-cryptocurrencies-month-33) (much more on that below).
## Total Market Cap for the entire cryptocurrency sector:
[Monthly total market cap, since Jan 2019](https://preview.redd.it/w2h5e6nmn2s51.png?width=711&format=png&auto=webp&s=889ff0212b237268c3168f13854db0d0610051c4)
Since [January 2019](https://toptencryptoindexfund.com/tracking-2019-top-ten-month-one/), the total market cap for crypto is up +176%. The overall market fell around $35B in September, ending the month around $351B. Despite the tough month, this is the second highest month-end level since the 2019 Top Ten Experiment started 21 months ago.
## Bitcoin dominance:
**BitDom** ticked up slightly this month, but is trending lower than the last year or so, where it had remained in the mid-60s%. As always, a low **BitDom** signals a greater appetite for altcoins. Zooming out, the BitDom range since the [beginning of the experiment](https://toptencryptoindexfund.com/tracking-2019-top-ten-month-one/) in January 2019 has been between 50%-70%.
## Overall return on investment since January 1st, 2019:
The 2019 Top Ten Portfolio lost nearly $300 in September. After the initial $1000 investment, the 2019 Top Ten Crypto Portfolio is worth $1,538. That’s up about **+54%**.
Here’s a look at the ROI over the life of the first 21 months of the 2019 Top Ten Index Fund experiment, month by month:
[Monthly ROI on Top Ten since Jan 2019](https://preview.redd.it/0mz53xpun2s51.png?width=519&format=png&auto=webp&s=abc82f4ace570940e556bdcf45005d5ff766cafe)
Unlike the [completely red table](https://toptencryptoindexfund.com/tracking-2018-top-10-cryptocurrencies-month-33) you’ll see in the 2018 Top Ten Experiment, the 2019 crypto table is almost all green. The first month was the [lowest point](https://toptencryptoindexfund.com/tracking-2019-top-ten-month-one/) (-9%), and the [highest point](https://toptencryptoindexfund.com/tracking-2019-top-ten-month-five/) (+114%) was May 2019.
At +54%, the 2019 Top Ten Portfolio is now the second best performing [out of the three](https://toptencryptoindexfund.com/) but [just barely](https://toptencryptoindexfund.com/tracking-2020-top-10-cryptocurrencies-month-9) (the 2020 Top Ten is up +56%).
Speaking of the other Experiments, let’s take a look at how the 2019 Top Ten Index Fund Portfolio compare to the parallel projects:
* [2018 Top Ten Experiment](https://toptencryptoindexfund.com/tracking-2018-top-10-cryptocurrencies-month-33): down -76% (total value $238)
* [2020 Top Ten Experiment](https://toptencryptoindexfund.com/tracking-2020-top-10-cryptocurrencies-month-9): up +56% (total value $1,564)
Taking the three portfolios together, here’s the bottom bottom *bottom* line:
**After a $3000 investment in the 2018, 2019, and 2020 Top Ten Cryptocurrencies, my combined portfolios are worth $3,340** ($238+ $1,538 +$1,564).
**That’s up about +11%** for the three combined portfolios, compared to +31% [last month](https://toptencryptoindexfund.com/tracking-2018-top-10-cryptocurrencies-month-32).
[Lost](https://www.youtube.com/watch?v=J3DWAJGaf7o) in the numbers? Here’s a table to help visualize the progress of the combined portfolios:
[ Combined ROI on $3k over 3 years – UP +11% ](https://preview.redd.it/styj53ggo2s51.png?width=367&format=png&auto=webp&s=dbf262a18f0c79466ac2b47e0fb7f3c47a598860)
To sum up: 11% gain by dropping $1k once a year on whichever cryptos happened to be in the Top Ten on January 1st, 2018, 2019, and 2020.
But what if I’d gone all in on only one Top Ten crypto for the past three years? While many have come and gone over the life of the experiment, only five cryptos have started in Top Ten for all three years: **BTC, ETH, XRP, BCH,** and **LTC** (**Litecoin**, no pressure, but if you’re not back in the Top Ten in the next few months, you’re out of the club). Let’s take a look at those five:
[ETH leading the three year club](https://preview.redd.it/d9q5hrfoo2s51.png?width=641&format=png&auto=webp&s=c1dd47fd2ba1c272e26765caaadb22c00d703f0e)
**Ethereum** (+104%) would have returned the most at this point, followed by **BTC** (+77%). On the other hand, following this approach with **XRP,** I would have been down -31%.
Alright, that’s crypto. How does crypto compare to the stock market?
## Comparison to S&P 500:
I’m also tracking the S&P 500 as part of the experiments to have a comparison point with traditional markets. Although the S&P fell from an all time high the month before, it is up +35% since January 2019.
The initial $1k investment I put into crypto 21 months ago would be worth $1,350 had it been redirected to the S&P 500 in January 2019. +35%, not bad at all. But the 2019 Top Ten Portfolio is up +54% over the same time period.
That’s 2019. But what if I took the same world’s-slowest-dollar-cost-averaging $1,000-per-year-on-January-1st crypto approach with the S&P 500? It would yield the following:
* $1000 investment in S&P 500 on January 1st, 2018 = $1260 today
* $1000 investment in S&P 500 on January 1st, 2019 = $1350 today
* $1000 investment in S&P 500 on January 1st, 2020 = $1050 today
Taken together, here’s the bottom bottom *bottom* line for a similar approach with the S&P:
**After three $1,000 investments into an S&P 500 index fund in January 2018, 2019, and 2020, my portfolio would be worth $3,660.**
That is up **+22%** [since January 2018](https://toptencryptoindexfund.com/tracking-2018-top-ten-month-one/), compared to a **+11%** gain of the combined Top Ten Crypto Experiment Portfolios.
As you can see in the table below, that’s a 11% swing ***in favor of the S&P 500.*** September breaks a two month mini-streak of wins from the Top Ten crypto portfolios.
[S&P takes the lead in Sept.](https://preview.redd.it/i7061zxto2s51.png?width=664&format=png&auto=webp&s=ae3af648722a6d56ec1869dc34280a047acb27b5)
After a strong August, both the stock and crypto markets fell in September. In a year that feels neverending, a lot can and will happen in the remaining months of 2020.
Be safe and take care of each other out there.
Thanks for reading and for supporting the experiment. I hope you’ve found it helpful. I continue to be committed to seeing this process through and reporting along the way. Feel free to reach out with any questions and stay tuned for progress reports. Keep an eye out for the original [2018 Top Ten Crypto Index Fund Experiment](https://toptencryptoindexfund.com/tracking-2018-top-10-cryptocurrencies-month-33) and the [2020 Top Ten Experiment](https://toptencryptoindexfund.com/tracking-2020-top-10-cryptocurrencies-month-9).
## And the Answer is…
In September, [**Tether** moved 1 billion additional USDT coins](https://www.theblockcrypto.com/linked/77677/tether-moving-1-billion-more-usdt-from-tron-to-ethereum) (7% of its total supply) from **TRON** to the **Ethereum** blockchain.
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