Dollar Cost Averaging (DCA) Returns
How much would you have earned if you purchased $100 every week since 2017, 2018, 2019, 2020, 2021, 2022, 2023, or 2024?
| Coin | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|
| #1 Bitcoin | 53.54% | 143.85% | 183.07% | 163.84% | 282.77% | 479.77% | 594.45% | 1067.83% |
| #2 Ethereum | 7.81% | 48.20% | 54.57% | 51.67% | 271.61% | 517.51% | 581.34% | 1442.65% |
| #3 Tether | 0.10% | 0.08% | -0.01% | 0.07% | -0.03% | 0.04% | 0.04% | 0.05% |
| #4 BNB | 25.34% | 84.85% | 89.37% | 120.78% | 737.61% | 1224.81% | 1933.36% | - |
| #5 USD Coin | 0.00% | -0.01% | 0.00% | 0.01% | -0.01% | -0.06% | - | - |
| #6 XRP | 98.74% | 114.26% | 112.83% | 108.89% | 83.20% | 171.96% | 168.51% | 759.96% |
| #7 Cardano | 67.95% | 95.99% | 69.00% | 50.36% | 176.29% | 455.39% | 459.96% | - |
| #8 Dogecoin | 225.08% | 310.23% | 311.27% | 341.89% | 3099.20% | 5283.18% | 6165.38% | 13407.56% |
| #9 Polygon | -22.93% | -30.91% | -45.24% | -2.75% | 380.75% | - | - | - |
| #10 Solana | 69.68% | 522.80% | 534.05% | 659.34% | - | - | - | - |
Annual Returns per Cryprocurrency
Calculating the return of your investment if you started investing in a given year
Investing in cryptocurrencies can be a daunting task, especially with the volatility of the market. However, a strategy that many investors use to minimize risk is dollar-cost averaging (DCA).
DCA is an investment strategy that involves buying a fixed dollar amount of a particular asset on a regular schedule, regardless of the asset's price. By doing so, investors can avoid the pitfalls of market timing and potentially earn better returns over time.
With many of the cryptocurrencies showing significant profits over the years. For instance, an investor who invested $100 per week in Bitcoin since 2016 would have earned a profit of over 80% by the end of 2023. Similarly, an investment of $100 per week in Ethereum since 2017 would have resulted in a profit of over 1490%!
However, the results also show that not all cryptocurrencies have performed equally well. Some have experienced significant losses, highlighting the importance of diversification and the need to do thorough research before investing.
In conclusion, DCA investing can be an effective strategy to minimize risk and potentially earn better returns in the long run. While past performance does not guarantee future results, the table demonstrates the potential benefits of this approach and can serve as a useful tool for investors looking to explore the world of cryptocurrencies.