Africa is the world’s most promising region for crypto adoption. With over $105.6 billion in trade volumes recorded in 2021, it’s clear that more Africans are turning to crypto for financial inclusion due to its decentralized nature.
With a variety of new coins springing up daily, it’s not unusual to see crypto traders or investors having diversified portfolios. The average crypto trader holds up to 10 different coins scattered across multiple wallets and exchanges like Binance, Kucoin, and Trust Wallet.
With more wallets comes great responsibility. Whether you’re a swing, day trader, or long-term investor, how you measure and track your crypto portfolio makes or breaks your investment game.
Why should I track my portfolio?
You want to be profitable
Certainly, you want your crypto investments to be profitable but the truth is that it’s hard to grow what you aren’t tracking. When you track you’re more informed to make smarter investment decisions
You want to cut your losses
On a busy day at work, it’s easy to forget about measuring your investments. However, regular tracking helps you identify coins that may be falling short. Knowing this, you can decide to swap with a more profitable coin.
You want to align with your goals
We all have goals in mind that fuel our investments. It could be to buy your dream car, phone, or pay home rent. Regular tracking ensures your portfolio stays consistent with those set goals. It’s the right approach to meet your short and long-term goals.
How can I track my Portfolio and stay profitable?
As much as tracking a crypto portfolio is essential, it can be tricky and time-consuming.
The need to track portfolios has forced many to use manual methods such as screenshots, spreadsheets, ledgers, and other manual methods that just don’t last. These outdated methods are rarely accurate, and with the volatility of the crypto market, it’s pretty hard to keep up and so their portfolios suffer.
For better tracking, smart crypto traders now take advantage of crypto portfolio trackers like the Loomo app. The Loomo app helps you manage and track the progress of your investments. You can see how your crypto assets stack up with your set goals.
The app does not store your coins, instead, it shows you how your coins are performing across multiple wallets and exchanges. You can track up to 1000+ coins and wallets, calculate your profit and loss in real-time giving you more time to focus on finding the next big coin and the confidence to HODL. Even a newbie trader will find the app easy to navigate.
Luckily, the app waitlist is still open and you can get early access to the top features and also win exclusive merch. Visit Loomo. finance now.
Now that you have what your portfolio needs. Start tracking.