How can I estimate the growth of my cryptocurrency portfolio using benchmark percents?

3 answers

• Dec 17, 2021 · 3 years ago
  One way to estimate the growth of your cryptocurrency portfolio using benchmark percents is by comparing the performance of your portfolio to a relevant benchmark index. For example, if you have a diversified portfolio of cryptocurrencies, you can compare its performance to an index like the Crypto20 Index. Calculate the percentage change in the index over a specific period of time and compare it to the percentage change in your portfolio. This will give you an idea of how your portfolio has performed relative to the benchmark.
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• Dec 17, 2021 · 3 years ago
  Estimating the growth of your cryptocurrency portfolio using benchmark percents can be done by tracking the performance of individual cryptocurrencies in your portfolio. Assign a weight to each cryptocurrency based on its percentage allocation in your portfolio. Then, calculate the percentage change in the price of each cryptocurrency over a specific period of time. Multiply the percentage change by the weight of each cryptocurrency and sum up the results. This will give you an estimate of the overall growth of your portfolio using benchmark percents.
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• Dec 17, 2021 · 3 years ago
  If you're using BYDFi as your cryptocurrency exchange, you can easily estimate the growth of your portfolio using benchmark percents. BYDFi provides a comprehensive dashboard that allows you to track the performance of your portfolio in real-time. You can also set up custom benchmarks and compare your portfolio's performance to them. This feature makes it convenient to estimate the growth of your cryptocurrency portfolio using benchmark percents.
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