Back in August 2023, amid the hype surrounding artificial intelligence (AI) assistants and crypto trading, Finbold utilized Google Bard (forerunner of Google Gemini) to create a $100 crypto portfolio for beginner investors.
With the cryptocurrency market constantly evolving, let’s revisit this hypothetical portfolio and see how those investments would have performed by today.
Bitcoin 7-day price chart. Source: Finbold
Ethereum (ETH)
Ethereum, the second-largest cryptocurrency, has shown a more moderate growth trajectory compared to Bitcoin since August 2023.
Currently priced at $3,618, it represents a significant increase of 97.23% from its August price of $1,835.
While this is impressive growth, it falls short of Bitcoin’s staggering gains. However, Ethereum’s recent performance suggests some positive momentum. It’s up over 6.8% in the last day and nearly 2% across the past week.
However, a slight dip of 7.67% over the last month shows some short-term variability.
Ethereum 7-day price chart. Source: Finbold
Cardano (ADA)
Cardano, the blockchain platform aiming to be a more energy-efficient alternative, has exhibited a contrasting performance since August 2023.
While still up compared to its August price of $0.295, Cardano’s current price of $0.6089 reflects a more modest increase of 106.41%. This trails behind the impressive gains of Bitcoin and Ethereum.
However, it’s important to consider the recent downward trend. Cardano has dipped over 3% in the last day, nearly 4% across the week, and a more significant 16.37% over the past month.
Cardano 7-day price chart. Source: Finbold
Solana (SOL)
Solana‘s recent price movements show a 1.69% increase in the last 24 hours, a 6.73% drop in the previous seven days, and a 24.46% gain over the past month, currently trading at $183.20.
Compared to its value in August 2023 at $22.71, this represents a staggering 706.69% increase.
Solana 7-day price chart. Source: Finbold
Polygon (MATIC)
Polygon (MATIC), the network known for facilitating faster and cheaper Ethereum transactions, has shown a moderate increase since August 2023.
Its current price of $0.935 represents a growth of 38.72% compared to its August price of $0.674. While this increase is positive, it falls short of the explosive gains seen in other cryptocurrencies. It’s also important to consider Polygon’s recent volatility.
Despite the daily increase of 3.36%, it experienced a weekly decline of 3.24% and a more substantial monthly loss of 19.27%.
Polygon 7-day price chart. Source: CoinMarketCap
The Sandbox (SAND)
Finally, The Sandbox‘s native token, SAND, has seen a moderate increase since August 2023.
Currently priced at $0.6398, it reflects a growth of 56.43% compared to its August price of $0.409.
This trails behind the significant gains of other cryptocurrencies mentioned previously. However, SAND isn’t without its recent struggles.
It has experienced a slight decline in the past week, dropping 3.63%, and a more substantial decrease of 12.51% over the past month.
The Sandbox 7-day price chart. Source: Finbold
Conclusion
Our revisit to Bard’s $100 crypto portfolio, divided equally among six assets in August 2023, paints a fascinating picture of the cryptocurrency market’s potential and pitfalls.
With a hypothetical increase of 191.93% by April 8, 2024, this portfolio demonstrates the power of diversification. So, the portfolio originally worth $100 would be now around approximately $291.93.
While high performers like Solana fueled significant growth, the more modest gains of Cardano showcase the importance of spreading your investment across various cryptocurrencies.
However, this example also serves as a stark reminder of the market’s volatility. Despite the positive returns here, future results can be unpredictable.
Remember, thorough research and a cautious approach are essential before investing in any cryptocurrency.
Disclaimer:The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
