Per a recently surfaced publication, CryptoDCA has revealed how a $100 investment in Shiba Inu could amount to $38 million for early Shiba Inu investors who applied the Dollar-Cost Averaging (DCA) strategy.
According to the data retrieved from CryptoDCA, applying the DCA technique, which involves investing $100 in Shiba Inu every month, starting from September 28, 2020, would sum up to $3600 on September 28, 2023, particularly for investors who were consistent in keeping up with the investment guide.
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According to the data retrieved from the CryptoDCA at press time, the $3,600 investment fund is now worth $30,824,370.97, implying an impressive 856132.53% increase.
Understanding What DCA Strategy Entails
DCA is a renowned trading strategy that encourages routine investments of a fixed sum for a particular asset, regardless of its price. The payment schedule might not necessarily be every month. It could be quarterly, depending on the investor’s preference.
The DCA strategy has been earmarked to be more suitable for long-term investments rather than short-term. However, investors seem to have added a new dimension to it, which involves investing in a given project once its price begins to plunge lower than its entry price.
Notable crypto and forex investors that have adopted the DCA strategy include Warren Buffett and Michael Saylor. While Warren applies the trading technique in the stock exchange market, Saylor does the same to accumulate BTC.
Worthy of note is the fact that Saylor’s Microstrategy now owns 0.754% of Bitcoin’s total supply following its last purchase, which involved the procurement of 5,445 BTC.
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How Early Investors Earned Massive Rewards From Shiba Inu (SHIB)
More often than usual, crypto investors who seem to make huge profits from crypto projects tend to be traders who invested in the early stages of these crypto projects’ release.
Shiba Inu could be said to be among these crypto projects described above. Crypto users who invested in SHIB didn’t have to wait for so long before the token skyrocketed to an all-time high (ATH) of $0.00008616 on October 28, 2021.
An investor who swapped a meager $17.53 worth of Ethereum for SHIB a few months after its launch in 2020, particularly on October 27, 2020, was able to cart investment profits of about $1.5 million following Shiba Inu’s attainment of an ATH.
Another more inspiring story was that of another investor who scooped $5 billion in rewards on investments for an $80,000 Shiba Inu investment.
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