Crypto Briefing’s CB10 Index Ends First Quarter With 86% Returns

Key Takeaways

  • Crypto Briefing’s educational index of top ten cryptocurrencies for U.S. retail investors has yielded 86.8% in Q1, 2021.
  • Ether’s recent bullish revival saw its allocation regain 15% share of the CB10 index.
  • Filecoin replaced Dogecoin during this month’s reconstitution process.

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Crypto Briefing’s CB10 yielded 86.8% by Apr. 2, compared to Bitcoin’s 84.6% and ETH’s 98.9% returns since the index’s formation at year’s beginning. 

CB10 Performace So Far

The CB10 index is based on the weighted market capitalization of these cryptocurrencies, their availability on U.S.-based exchanges like Gemini and Kraken, and certain other market risks. The inception of the index took place on Jan. 5, 2021, to provide an educational tool for crypto investing. 

The index’s monthly returns stand at 18.6% compared to the valuation at last rebalancing on Mar. 4. The index’s performance during previous monthly rebalancing schedules was 8% (for January) and 44% (for February). 

crypto briefing cb10
Snapshot of Crypto Briefing’s hypothetical $1,000 investment. Source: Google Sheets

The compounded return of the index for Q1 is 86.8%, while the sum of each month’s individual returns is 70.6%. Meaning, if one had taken out profits every month from the index at the time of rebalancing and reinvested only the initial principal amount, the total return would be 70.6%. Booking profits quarterly may be an efficient strategy as well.

For experimental purposes, our index will feature compounding investment until year-end.

Visible Trends in Crypto Markets

Bitcoin’s dominance over the altcoin market fell from 61.9% at the beginning of March to below 59.5% this morning. 

Ether’s bullish revival after VISA’s announcement for hosting payments via Ethereum has seen a 0.8% increase in ETH allocation. 

Change in the CB10 index during March.

Nevertheless, other altcoins in the index saw slight dips, suggesting that liquidity flowed towards low-cap tokens. The rise…

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