Bitcoin (BTC) $89,609.93 0.59%
Ethereum (ETH) $3,041.56 1.00%
Tether (USDT) $1.00 -0.01%
Solana (SOL) 132.886579 1.00%
Dogecoin (DOGE) $0.14 1.44%
Cardano (ADA) $0.42 1.61%
Chainlink (LINK) $13.99 3.84%
Litecoin (LTC) $82.16 2.60%
Dash (DASH) $47.54 1.08%
Polygon (MATIC) 0.25693 2.45%
Helium (HNT) 1.954297 1.50%
X-CASH (XCASH) 1.0E-6 0.00%

Cryptocurrencies: 28005

Markets: 116055

Market Cap: $3,052,473,135,211

24h Vol: $86,926,750,486

Coin-turk.com

2023-09-20 17:25:51

Is Dollar-Cost Averaging a Profitable Strategy for Ethereum in 2023?

Is Dollar-Cost Averaging a Profitable Strategy for Ethereum in 2023?

Data regarding Ethereum suggests that implementing the dollar-cost averaging (DCA) strategy by investing $100 per week starting from 2023 would not be a profitable strategy for the second-largest cryptocurrency. Specifically, DCA involves investing at regular intervals, buying equal amounts of cash regardless of the price.The post Is Dollar-Cost Averaging a Profitable Strategy for Ethereum in 2023? appeared first on COINTURK NEWS.

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