Machine Learning for Crypto Portfolio Management Case Study: Week 10

This was the tenth week of our case study that will evaluate the application of machine learning for portfolio management. The methodology for this study was first outlined in our previous article.

Each week, we will publish an update to highlight interesting events that took place over the last week, break down the performance metrics from the last week, and provide any changes that will be made to each portfolio.

Nomics is drastically expanding upon its lead while Shrimpy brings up the rear.

Shrimpy ML Strategy

The Shrimpy ML Strategy leverages the 7-day price predictions generated by the Shrimpy ML engine. These price predictions are then used to determine which assets should be placed into our portfolio for this week. Additional information regarding the methodology can be found in our previous article.

In a vacuum, Shrimpy Predictions did well this week. It’s difficult to take a negative view of a positive performance. That said, when compared to the other portfolios in this study… there is a lot to be desired this week — especially when you consider the total projected profit. While Shrimpy Predictions did get a solid win in Shib, it was not enough to overcome poor picks elsewhere. Shrimpy Predictions are 4th in performance this week.

Portfolio Allocations

Each of the following assets were allocated exactly 10% of the total portfolio value for the tenth week of this study.

  1. CashBet Coin (CBC): Projected 7-day profit: +950.16%
  2. Dogelon Mars (ELON): Projected 7-day profit: +154.28%
  3. OMG Network (OMG): Projected 7-day profit: +69.62%
  4. Lossless (LSS): Projected 7-day profit: +65.40%
  5. Shiba Inu (SHIB): Projected 7-day profit: +54.74%
  6. Presearch (PRE): Projected 7-day profit: +48.72%
  7. Apollo Currency (APL): Projected 7-day profit: +48.61%
  8. Velo (VELO): Projected 7-day profit: +38.99%
  9. ARPA Chain (ARPA): Projected 7-day profit: +36.86%
  10. Hot Cross (HOTCROSS): Projected 7-day profit: +28.71%

The average projected 7-day profit is +149.60%.

Each of the following assets were allocated exactly 10% of the total portfolio value for the eleventh week of this study.

  1. FortKnoxster (FKX): Projected 7-day profit: +211.55%
  2. Aurora (AOA): Projected 7-day profit: +153.63%
  3. Lossless (LSS): Projected 7-day profit: +129.39%
  4. Dapp Token (DAPPT): Projected 7-day profit: +112.70%
  5. Cryptoindex.com 100 (CIX100): Projected 7-day profit: +90.88%
  6. UBIX.Network (UBX): Projected 7-day profit: +71.10%
  7. Kadena (KDA): Projected 7-day profit: +70.99%
  8. Senso (SENSO): Projected 7-day profit: +50.66%
  9. Ampleforth (AMPL): Projected 7-day profit: +44.22%
  10. Lattice Token (LTX): Projected 7-day profit: +27.30%

The average projected 7-day profit is +96.24%.

Portfolio Starting Value

The Shrimpy ML Strategy was allocated exactly 1,000 USDT at the start of this study.

Try the Shrimpy ML Forecasts

Disclaimer: Shrimpy’s price forecasts are for entertainment purposes only.

Shrimpy offers machine learning price forecasts for all customers. These forecasts are generated using our own Machine Learning models, and price forecasts are updated every day (00:00 UTC) using the last 90 days of daily close prices. Viewing these forecasts is possible by visiting our trading terminal at shrimpy.io.

Sign up for Shrimpy to try them out by clicking here.

Nomics ML Strategy

The Nomics ML Strategy leverages the 7-day price predictions generated by the Nomics ML engine. These price predictions are then used to determine which assets should be placed into our portfolio for this week. Additional information regarding the methodology can be found in our previous article.

Once again Nomics has taken the top spot for the week and has surpassed +100% total performance. Shib, CRV and GRT all benefited greatly from ETH setting a new All Time High (which is also included) posting better than 50% each over the last 7 days.

Portfolio Allocations

Each of the following assets were allocated exactly 10% of the total portfolio value for the tenth week of this study.

  1. Polkadot (DOT): Projected 7-day profit: +27.13%
  2. Shiba Inu (SHIB): Projected 7-day profit: +25.06%
  3. Binance Coin (BNB): Projected 7-day profit: +18.24%
  4. The Graph (GRT): Projected 7-day profit: +17.39%
  5. Curve DAO Token (CRV): Projected 7-day profit: +16.73%
  6. Stellar (XLM): Projected 7-day profit: +16.41%
  7. Zcash (ZEC): Projected 7-day profit: +15.38%
  8. Polygon (MATIC): Projected 7-day profit: +14.65%
  9. Fantom (FTM): Projected 7-day profit: +13.86%
  10. Ethereum (ETH): Projected 7-day profit: +12.94%

The average projected 7-day profit is 17.79%.

Each of the following assets were allocated exactly 10% of the total portfolio value for the eleventh week of this study.

  1. THORChain (RUNE): Projected 7-day profit: +52.24%
  2. Huobi Token (HT): Projected 7-day profit: +39.41%
  3. Harmony (ONE): Projected 7-day profit: +28.40%
  4. Shiba Inu (SHIB): Projected 7-day profit: +28.39%
  5. NEAR Protocol (NEAR): Projected 7-day profit: +26.44%
  6. ZCash (ZEC): Projected 7-day profit: +26.08%
  7. Solana (SOL): Projected 7-day profit: +25.64%
  8. eGLD (EGLD): Projected 7-day profit: +23.84%
  9. Fantom (FTM): Projected 7-day profit: +23.30%
  10. KuCoin Shares (KCS): Projected 7-day profit: +20.84%

The average projected 7-day profit is +29.45%.

Portfolio Starting Value

The Nomics ML Strategy was allocated exactly 1,000 USDT at the start of this study.

Decentralized Finance Index Strategy

The Coin Market Cap DeFi Index Strategy uses the asset market caps combined with the Decentralized Finance asset tag that are calculated by “CoinMarketCap” to determine which assets should be included in the portfolio. Additional information regarding the methodology can be found in our previous article.

MKR was dropped in favor of RUNE, and a few of the more heavily allocated assets such as Terra, Avax and Link all had impressive weeks which put this portfolio in a solid 2nd this week.

Portfolio Allocations

  1. Terra (LUNA): 18.14% Allocation (adjusted from 17.47%)
  2. Uniswap (UNI): 16.51% Allocation (adjusted from 19.12%)
  3. Avalanche (AVAX): 15.99% Allocation (adjusted from 14.70%)
  4. Chainlink (LINK): 15.01% Allocation (adjusted from 14.25%)
  5. Fantom (FTM): 8.32% Allocation (adjusted from 6.95%)
  6. Tezos (XTZ): 6.03% Allocation (adjusted from 6.93%)
  7. THORChain (RUNE): 5% Allocation (adjusted from 0%)
  8. AAVE (AAVE): 5% Allocation
  9. Pancake Swap (CAKE): 5% Allocation (adjusted from 5.58%)
  10. The Graph (GRT): 5% Allocation

Removed

Maker (MKR)

Portfolio Starting Value

The DeFi Index Strategy was allocated exactly 1,000 USDT at the start of this study.

Smart Contracts Index Strategy

The Coin Market Cap Smart Contracts Index Strategy uses the asset market caps combined with the Smart Contracts asset tag that are calculated by “CoinMarketCap” to determine which assets should be included in the portfolio. Additional information regarding the methodology can be found in our previous article.

Ethereum reaching a new All Time High carried this portfolio into a respectfully positive week.

Portfolio Allocations

  1. Ethereum (ETH): 24.99% Allocation (adjusted from 25%)
  2. Cardano (ADA): 25% Allocation
  3. Avalanche (AVAX): 8.98% Allocation (adjusted from 8.34%)
  4. Chainlink (LINK): 8.43% Allocation (adjusted from 8.08%)
  5. Algorand (ALGO): 7.07% Allocation (adjusted from 7.22%)
  6. Stellar (XLM): 5.31% Allocation (adjusted from 6.20%)
  7. VeChain (VET): 5.22% Allocation (adjusted from 5.16%)
  8. Ethereum Classic (ETC): 5% Allocation (adjusted from 6.52%)
  9. Fantom (FTM): 5% Allocation
  10. Tezos (XTZ): 5% Allocation

Portfolio Starting Value

The Smart Contracts Index Strategy was allocated exactly 1,000 USDT at the start of this study.

Conclusions

What an explosive week! We saw new All Time Highs with BTC and ETH which gave the Indices a nice boost to their performance, and Nomics officially crossed the +100% performance threshold after just 10 weeks. Everyone loves to see positive performance and we’re no exception, suffice to say we are eagerly watching the rocket exhaust that’s forming at the top of our chart and we are excited to see what’s to come.

We recommend you check back every week to see how the results are progressing! To keep up to date with the latest articles, you can also join our Discord Group or follow us on Twitter.

Disclaimer

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About us

Shrimpy is an automated portfolio management platform that helps cryptocurrency investors manage their capital through the use of a simple and intuitive app that saves time and money with the power of automation.

To find out more about our platform and discover how it can jumpstart your crypto journey, feel free to visit our main website.

We also provide free blockchain education to the masses at the Shrimpy Academy and Youtube.

Shrimpy is a crypto exchange trading bot for portfolio management, indexing the market, rebalancing, and strategy backtesting. Join now at shrimpy.io.