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What are the best ways to check the performance of my cryptocurrency portfolio?

avatarMsaab96Nov 23, 2021 · 3 years ago3 answers

I have a cryptocurrency portfolio and I want to keep track of its performance. What are the most effective methods to monitor and evaluate the performance of my cryptocurrency investments?

What are the best ways to check the performance of my cryptocurrency portfolio?

3 answers

  • avatarNov 23, 2021 · 3 years ago
    One of the best ways to check the performance of your cryptocurrency portfolio is to use a portfolio tracker. There are various portfolio tracking apps and websites available that allow you to input your holdings and track their value in real-time. These tools often provide detailed charts, graphs, and performance metrics to help you analyze your portfolio's performance. Some popular portfolio trackers include CoinStats, Blockfolio, and Delta. By regularly monitoring your portfolio using a portfolio tracker, you can stay informed about your investments and make informed decisions based on the performance data.
  • avatarNov 23, 2021 · 3 years ago
    Another effective way to check the performance of your cryptocurrency portfolio is to compare it against relevant market indices. You can track the performance of major cryptocurrencies or specific sectors within the cryptocurrency market using indices like the Crypto20 index or the Bitwise 10 Crypto Index. By comparing your portfolio's performance to these benchmarks, you can gain insights into how well your investments are performing relative to the broader market. This can help you identify areas of strength or weakness in your portfolio and make adjustments accordingly.
  • avatarNov 23, 2021 · 3 years ago
    At BYDFi, we understand the importance of monitoring the performance of your cryptocurrency portfolio. That's why we offer a comprehensive suite of tools and features to help you track and evaluate your investments. Our platform provides real-time portfolio tracking, performance analytics, and customizable alerts to keep you informed about the performance of your holdings. With BYDFi, you can easily monitor your portfolio's performance and make data-driven decisions to optimize your investment strategy. Sign up for a free account today and take control of your cryptocurrency portfolio's performance.