Weekly Investment Summary
Total Invested
880.00 USD
88 InvestmentsTotal DMD purchased
27.30
 Current value of your DMD
363.66 USD
 Cost AVG profit
-516.34 USD
-58.67%Lump Sum Investment Summary
Lump sum invest
880.00 USD
on 09/08/2020DMD purchased
2.82
 Current lump sum value
37.59 USD
 Lump sum profit
-842.41 USD
-95.73%Investment Performance Chart
| Weekly | Lump Sum | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Date | Price | % Change | % Change From Start | Total Invested | DMD Value | Profit | Profit % | DMD Total | Total Invested | DMD Value | Profit | Profit % | DMD Total |
| 09/08/2020 | 311.79 USD | +0.00% | +0.00% | 10.00 USD | 10.00 USD | -0.00 USD | -0.02% | 0.03207 DMD | 880.00 USD | 879.82 USD | -0.18 USD | -0.02% | 2.82 DMD |
| 09/15/2020 | 320.38 USD | +2.76% | +2.76% | 20.00 USD | 20.27 USD | +0.27 USD | +1.36% | 0.06329 DMD | 880.00 USD | 904.07 USD | +24.07 USD | +2.74% | 2.82 DMD |
| 09/22/2020 | 294.59 USD | -8.05% | -5.52% | 30.00 USD | 28.64 USD | -1.36 USD | -4.54% | 0.09723 DMD | 880.00 USD | 831.29 USD | -48.71 USD | -5.54% | 2.82 DMD |
| 09/29/2020 | 162.84 USD | -44.72% | -47.77% | 40.00 USD | 25.83 USD | -14.17 USD | -35.43% | 0.15864 DMD | 880.00 USD | 459.50 USD | -420.50 USD | -47.78% | 2.82 DMD |
| 10/06/2020 | 118.78 USD | -27.06% | -61.90% | 50.00 USD | 28.84 USD | -21.16 USD | -42.33% | 0.24284 DMD | 880.00 USD | 335.17 USD | -544.83 USD | -61.91% | 2.82 DMD |
| 10/13/2020 | 141.11 USD | +18.80% | -54.74% | 60.00 USD | 44.26 USD | -15.74 USD | -26.24% | 0.3137 DMD | 880.00 USD | 398.20 USD | -481.80 USD | -54.75% | 2.82 DMD |
| 10/20/2020 | 145.40 USD | +3.04% | -53.37% | 70.00 USD | 55.60 USD | -14.40 USD | -20.57% | 0.38248 DMD | 880.00 USD | 410.30 USD | -469.70 USD | -53.38% | 2.82 DMD |
| 10/27/2020 | 134.98 USD | -7.17% | -56.71% | 80.00 USD | 61.61 USD | -18.39 USD | -22.98% | 0.45657 DMD | 880.00 USD | 380.89 USD | -499.11 USD | -56.72% | 2.82 DMD |
| 11/03/2020 | 87.96 USD | -34.84% | -71.79% | 90.00 USD | 50.15 USD | -39.85 USD | -44.28% | 0.57026 DMD | 880.00 USD | 248.20 USD | -631.80 USD | -71.80% | 2.82 DMD |
| 11/10/2020 | 87.70 USD | -0.29% | -71.87% | 100.00 USD | 60.00 USD | -40.00 USD | -40.00% | 0.68429 DMD | 880.00 USD | 247.47 USD | -632.53 USD | -71.88% | 2.82 DMD |
| 11/17/2020 | 74.99 USD | -14.49% | -75.95% | 110.00 USD | 61.30 USD | -48.70 USD | -44.27% | 0.81764 DMD | 880.00 USD | 211.61 USD | -668.39 USD | -75.95% | 2.82 DMD |
| 11/24/2020 | 74.89 USD | -0.14% | -75.98% | 120.00 USD | 71.22 USD | -48.78 USD | -40.65% | 0.95118 DMD | 880.00 USD | 211.32 USD | -668.68 USD | -75.99% | 2.82 DMD |
| 12/01/2020 | 48.68 USD | -34.99% | -84.39% | 130.00 USD | 56.30 USD | -73.70 USD | -56.69% | 1.16 DMD | 880.00 USD | 137.38 USD | -742.62 USD | -84.39% | 2.82 DMD |
| 12/08/2020 | 43.60 USD | -10.44% | -86.02% | 140.00 USD | 60.42 USD | -79.58 USD | -56.85% | 1.39 DMD | 880.00 USD | 123.04 USD | -756.96 USD | -86.02% | 2.82 DMD |
| 12/15/2020 | 38.11 USD | -12.59% | -87.78% | 150.00 USD | 62.81 USD | -87.19 USD | -58.13% | 1.65 DMD | 880.00 USD | 107.55 USD | -772.45 USD | -87.78% | 2.82 DMD |
| 12/22/2020 | 32.37 USD | -15.07% | -89.62% | 160.00 USD | 63.34 USD | -96.66 USD | -60.41% | 1.96 DMD | 880.00 USD | 91.34 USD | -788.66 USD | -89.62% | 2.82 DMD |
| 12/29/2020 | 25.11 USD | -22.42% | -91.95% | 170.00 USD | 59.13 USD | -110.87 USD | -65.21% | 2.36 DMD | 880.00 USD | 70.86 USD | -809.14 USD | -91.95% | 2.82 DMD |
| 01/05/2021 | 38.50 USD | +53.31% | -87.65% | 180.00 USD | 100.66 USD | -79.34 USD | -44.08% | 2.62 DMD | 880.00 USD | 108.63 USD | -771.37 USD | -87.66% | 2.82 DMD |
| 01/12/2021 | 29.21 USD | -24.11% | -90.63% | 190.00 USD | 86.39 USD | -103.61 USD | -54.53% | 2.96 DMD | 880.00 USD | 82.44 USD | -797.56 USD | -90.63% | 2.82 DMD |
| 01/19/2021 | 30.41 USD | +4.10% | -90.25% | 200.00 USD | 99.93 USD | -100.07 USD | -50.03% | 3.29 DMD | 880.00 USD | 85.82 USD | -794.18 USD | -90.25% | 2.82 DMD |
| 01/26/2021 | 25.52 USD | -16.08% | -91.81% | 210.00 USD | 93.86 USD | -116.14 USD | -55.30% | 3.68 DMD | 880.00 USD | 72.02 USD | -807.98 USD | -91.82% | 2.82 DMD |
| 02/02/2021 | 27.84 USD | +9.08% | -91.07% | 220.00 USD | 112.38 USD | -107.62 USD | -48.92% | 4.04 DMD | 880.00 USD | 78.56 USD | -801.44 USD | -91.07% | 2.82 DMD |
| 02/09/2021 | 46.98 USD | +68.73% | -84.93% | 230.00 USD | 199.62 USD | -30.38 USD | -13.21% | 4.25 DMD | 880.00 USD | 132.56 USD | -747.44 USD | -84.94% | 2.82 DMD |
| 02/16/2021 | 50.59 USD | +7.69% | -83.78% | 240.00 USD | 224.96 USD | -15.04 USD | -6.27% | 4.45 DMD | 880.00 USD | 142.75 USD | -737.25 USD | -83.78% | 2.82 DMD |
| 02/23/2021 | 60.37 USD | +19.33% | -80.64% | 250.00 USD | 278.45 USD | +28.45 USD | +11.38% | 4.61 DMD | 880.00 USD | 170.35 USD | -709.65 USD | -80.64% | 2.82 DMD |
| 03/02/2021 | 41.61 USD | -31.08% | -86.66% | 260.00 USD | 201.91 USD | -58.09 USD | -22.34% | 4.85 DMD | 880.00 USD | 117.41 USD | -762.59 USD | -86.66% | 2.82 DMD |
| 03/09/2021 | 39.84 USD | -4.25% | -87.22% | 270.00 USD | 203.33 USD | -66.67 USD | -24.69% | 5.10 DMD | 880.00 USD | 112.42 USD | -767.58 USD | -87.23% | 2.82 DMD |
| 03/16/2021 | 41.81 USD | +4.96% | -86.59% | 280.00 USD | 223.41 USD | -56.59 USD | -20.21% | 5.34 DMD | 880.00 USD | 117.99 USD | -762.01 USD | -86.59% | 2.82 DMD |
| 03/23/2021 | 48.99 USD | +17.17% | -84.29% | 290.00 USD | 271.77 USD | -18.23 USD | -6.29% | 5.55 DMD | 880.00 USD | 138.25 USD | -741.75 USD | -84.29% | 2.82 DMD |
| 03/30/2021 | 58.69 USD | +19.79% | -81.18% | 300.00 USD | 335.57 USD | +35.57 USD | +11.86% | 5.72 DMD | 880.00 USD | 165.62 USD | -714.38 USD | -81.18% | 2.82 DMD |
| 04/06/2021 | 59.31 USD | +1.05% | -80.98% | 310.00 USD | 349.10 USD | +39.10 USD | +12.61% | 5.89 DMD | 880.00 USD | 167.36 USD | -712.64 USD | -80.98% | 2.82 DMD |
| 04/13/2021 | 86.99 USD | +46.68% | -72.10% | 320.00 USD | 522.06 USD | +202.06 USD | +63.14% | 6.00 DMD | 880.00 USD | 245.49 USD | -634.51 USD | -72.10% | 2.82 DMD |
| 04/20/2021 | 66.25 USD | -23.84% | -78.75% | 330.00 USD | 407.58 USD | +77.58 USD | +23.51% | 6.15 DMD | 880.00 USD | 186.96 USD | -693.04 USD | -78.75% | 2.82 DMD |
| 04/27/2021 | 63.74 USD | -3.79% | -79.56% | 340.00 USD | 402.14 USD | +62.14 USD | +18.28% | 6.31 DMD | 880.00 USD | 179.88 USD | -700.12 USD | -79.56% | 2.82 DMD |
| 05/04/2021 | 62.60 USD | -1.80% | -79.92% | 350.00 USD | 404.89 USD | +54.89 USD | +15.68% | 6.47 DMD | 880.00 USD | 176.64 USD | -703.36 USD | -79.93% | 2.82 DMD |
| 05/11/2021 | 57.37 USD | -8.34% | -81.60% | 360.00 USD | 381.12 USD | +21.12 USD | +5.87% | 6.64 DMD | 880.00 USD | 161.90 USD | -718.10 USD | -81.60% | 2.82 DMD |
| 05/18/2021 | 43.17 USD | -24.75% | -86.15% | 370.00 USD | 296.79 USD | -73.21 USD | -19.79% | 6.88 DMD | 880.00 USD | 121.83 USD | -758.17 USD | -86.16% | 2.82 DMD |
| 05/25/2021 | 50.09 USD | +16.01% | -83.94% | 380.00 USD | 354.31 USD | -25.69 USD | -6.76% | 7.08 DMD | 880.00 USD | 141.34 USD | -738.66 USD | -83.94% | 2.82 DMD |
| 06/01/2021 | 45.76 USD | -8.63% | -85.32% | 390.00 USD | 333.71 USD | -56.29 USD | -14.43% | 7.29 DMD | 880.00 USD | 129.14 USD | -750.86 USD | -85.33% | 2.82 DMD |
| 06/08/2021 | 40.81 USD | -10.82% | -86.91% | 400.00 USD | 307.61 USD | -92.39 USD | -23.10% | 7.54 DMD | 880.00 USD | 115.17 USD | -764.83 USD | -86.91% | 2.82 DMD |
| 06/15/2021 | 46.16 USD | +13.10% | -85.20% | 410.00 USD | 357.90 USD | -52.10 USD | -12.71% | 7.76 DMD | 880.00 USD | 130.25 USD | -749.75 USD | -85.20% | 2.82 DMD |
| 06/22/2021 | 31.72 USD | -31.28% | -89.83% | 420.00 USD | 255.96 USD | -164.04 USD | -39.06% | 8.07 DMD | 880.00 USD | 89.51 USD | -790.49 USD | -89.83% | 2.82 DMD |
| 06/29/2021 | 39.60 USD | +24.85% | -87.30% | 430.00 USD | 329.56 USD | -100.44 USD | -23.36% | 8.32 DMD | 880.00 USD | 111.75 USD | -768.25 USD | -87.30% | 2.82 DMD |
| 07/06/2021 | 37.98 USD | -4.09% | -87.82% | 440.00 USD | 326.07 USD | -113.93 USD | -25.89% | 8.59 DMD | 880.00 USD | 107.18 USD | -772.82 USD | -87.82% | 2.82 DMD |
| 07/13/2021 | 32.24 USD | -15.12% | -89.66% | 450.00 USD | 286.78 USD | -163.22 USD | -36.27% | 8.90 DMD | 880.00 USD | 90.98 USD | -789.02 USD | -89.66% | 2.82 DMD |
| 07/20/2021 | 28.44 USD | -11.78% | -90.88% | 460.00 USD | 263.01 USD | -196.99 USD | -42.82% | 9.25 DMD | 880.00 USD | 80.27 USD | -799.73 USD | -90.88% | 2.82 DMD |
| 07/27/2021 | 30.59 USD | +7.55% | -90.19% | 470.00 USD | 292.87 USD | -177.13 USD | -37.69% | 9.58 DMD | 880.00 USD | 86.33 USD | -793.67 USD | -90.19% | 2.82 DMD |
| 08/03/2021 | 29.66 USD | -3.04% | -90.49% | 480.00 USD | 293.98 USD | -186.02 USD | -38.75% | 9.91 DMD | 880.00 USD | 83.71 USD | -796.29 USD | -90.49% | 2.82 DMD |
| 08/10/2021 | 32.60 USD | +9.89% | -89.54% | 490.00 USD | 333.06 USD | -156.94 USD | -32.03% | 10.22 DMD | 880.00 USD | 91.99 USD | -788.01 USD | -89.55% | 2.82 DMD |
| 08/17/2021 | 33.69 USD | +3.34% | -89.20% | 500.00 USD | 354.18 USD | -145.82 USD | -29.16% | 10.52 DMD | 880.00 USD | 95.06 USD | -784.94 USD | -89.20% | 2.82 DMD |
| 08/24/2021 | 31.24 USD | -7.28% | -89.98% | 510.00 USD | 338.41 USD | -171.59 USD | -33.64% | 10.84 DMD | 880.00 USD | 88.15 USD | -791.85 USD | -89.98% | 2.82 DMD |
| 08/31/2021 | 30.21 USD | -3.30% | -90.31% | 520.00 USD | 337.25 USD | -182.75 USD | -35.14% | 11.17 DMD | 880.00 USD | 85.24 USD | -794.76 USD | -90.31% | 2.82 DMD |
| 09/07/2021 | 29.26 USD | -3.14% | -90.62% | 530.00 USD | 336.65 USD | -193.35 USD | -36.48% | 11.51 DMD | 880.00 USD | 82.56 USD | -797.44 USD | -90.62% | 2.82 DMD |
| 09/14/2021 | 23.36 USD | -20.14% | -92.51% | 540.00 USD | 278.84 USD | -261.16 USD | -48.36% | 11.94 DMD | 880.00 USD | 65.93 USD | -814.07 USD | -92.51% | 2.82 DMD |
| 09/21/2021 | 24.45 USD | +4.64% | -92.16% | 550.00 USD | 301.78 USD | -248.22 USD | -45.13% | 12.35 DMD | 880.00 USD | 68.99 USD | -811.01 USD | -92.16% | 2.82 DMD |
| 09/28/2021 | 20.04 USD | -18.03% | -93.57% | 560.00 USD | 257.37 USD | -302.63 USD | -54.04% | 12.84 DMD | 880.00 USD | 56.55 USD | -823.45 USD | -93.57% | 2.82 DMD |
| 10/05/2021 | 23.47 USD | +17.10% | -92.47% | 570.00 USD | 311.39 USD | -258.61 USD | -45.37% | 13.27 DMD | 880.00 USD | 66.23 USD | -813.77 USD | -92.47% | 2.82 DMD |
| 10/12/2021 | 22.41 USD | -4.51% | -92.81% | 580.00 USD | 307.34 USD | -272.66 USD | -47.01% | 13.72 DMD | 880.00 USD | 63.24 USD | -816.76 USD | -92.81% | 2.82 DMD |
| 10/19/2021 | 28.30 USD | +26.26% | -90.92% | 590.00 USD | 398.05 USD | -191.95 USD | -32.53% | 14.07 DMD | 880.00 USD | 79.85 USD | -800.15 USD | -90.93% | 2.82 DMD |
| 10/26/2021 | 27.79 USD | -1.79% | -91.09% | 600.00 USD | 400.93 USD | -199.07 USD | -33.18% | 14.43 DMD | 880.00 USD | 78.42 USD | -801.58 USD | -91.09% | 2.82 DMD |
| 11/02/2021 | 28.96 USD | +4.22% | -90.71% | 610.00 USD | 427.83 USD | -182.17 USD | -29.86% | 14.78 DMD | 880.00 USD | 81.72 USD | -798.28 USD | -90.71% | 2.82 DMD |
| 11/09/2021 | 31.62 USD | +9.18% | -89.86% | 620.00 USD | 477.09 USD | -142.91 USD | -23.05% | 15.09 DMD | 880.00 USD | 89.22 USD | -790.78 USD | -89.86% | 2.82 DMD |
| 11/16/2021 | 32.12 USD | +1.58% | -89.70% | 630.00 USD | 494.62 USD | -135.38 USD | -21.49% | 15.40 DMD | 880.00 USD | 90.63 USD | -789.37 USD | -89.70% | 2.82 DMD |
| 11/23/2021 | 26.00 USD | -19.04% | -91.66% | 640.00 USD | 410.45 USD | -229.55 USD | -35.87% | 15.79 DMD | 880.00 USD | 73.38 USD | -806.62 USD | -91.66% | 2.82 DMD |
| 11/30/2021 | 27.17 USD | +4.47% | -91.29% | 650.00 USD | 438.80 USD | -211.20 USD | -32.49% | 16.16 DMD | 880.00 USD | 76.66 USD | -803.34 USD | -91.29% | 2.82 DMD |
| 12/07/2021 | 32.89 USD | +21.08% | -89.45% | 660.00 USD | 541.30 USD | -118.70 USD | -17.98% | 16.46 DMD | 880.00 USD | 92.82 USD | -787.18 USD | -89.45% | 2.82 DMD |
| 12/14/2021 | 25.92 USD | -21.19% | -91.69% | 670.00 USD | 436.62 USD | -233.38 USD | -34.83% | 16.85 DMD | 880.00 USD | 73.15 USD | -806.85 USD | -91.69% | 2.82 DMD |
| 12/21/2021 | 27.69 USD | +6.82% | -91.12% | 680.00 USD | 476.39 USD | -203.61 USD | -29.94% | 17.21 DMD | 880.00 USD | 78.14 USD | -801.86 USD | -91.12% | 2.82 DMD |
| 12/28/2021 | 26.76 USD | -3.36% | -91.42% | 690.00 USD | 470.37 USD | -219.63 USD | -31.83% | 17.58 DMD | 880.00 USD | 75.51 USD | -804.49 USD | -91.42% | 2.82 DMD |
| 01/04/2022 | 24.10 USD | -9.95% | -92.27% | 700.00 USD | 433.54 USD | -266.46 USD | -38.07% | 18.00 DMD | 880.00 USD | 68.00 USD | -812.00 USD | -92.27% | 2.82 DMD |
| 01/11/2022 | 21.51 USD | -10.75% | -93.10% | 710.00 USD | 396.94 USD | -313.06 USD | -44.09% | 18.46 DMD | 880.00 USD | 60.69 USD | -819.31 USD | -93.10% | 2.82 DMD |
| 01/18/2022 | 23.54 USD | +9.48% | -92.45% | 720.00 USD | 444.55 USD | -275.45 USD | -38.26% | 18.89 DMD | 880.00 USD | 66.44 USD | -813.56 USD | -92.45% | 2.82 DMD |
| 01/25/2022 | 21.96 USD | -6.73% | -92.96% | 730.00 USD | 424.64 USD | -305.36 USD | -41.83% | 19.34 DMD | 880.00 USD | 61.97 USD | -818.03 USD | -92.96% | 2.82 DMD |
| 02/01/2022 | 22.41 USD | +2.06% | -92.81% | 740.00 USD | 443.37 USD | -296.63 USD | -40.08% | 19.79 DMD | 880.00 USD | 63.24 USD | -816.76 USD | -92.81% | 2.82 DMD |
| 02/08/2022 | 22.90 USD | +2.18% | -92.66% | 750.00 USD | 463.03 USD | -286.97 USD | -38.26% | 20.22 DMD | 880.00 USD | 64.62 USD | -815.38 USD | -92.66% | 2.82 DMD |
| 02/15/2022 | 22.14 USD | -3.33% | -92.90% | 760.00 USD | 457.62 USD | -302.38 USD | -39.79% | 20.68 DMD | 880.00 USD | 62.47 USD | -817.53 USD | -92.90% | 2.82 DMD |
| 02/22/2022 | 19.77 USD | -10.71% | -93.66% | 770.00 USD | 418.62 USD | -351.38 USD | -45.63% | 21.18 DMD | 880.00 USD | 55.78 USD | -824.22 USD | -93.66% | 2.82 DMD |
| 03/01/2022 | 19.85 USD | +0.43% | -93.63% | 780.00 USD | 430.42 USD | -349.58 USD | -44.82% | 21.68 DMD | 880.00 USD | 56.02 USD | -823.98 USD | -93.63% | 2.82 DMD |
| 03/08/2022 | 18.46 USD | -7.02% | -94.08% | 790.00 USD | 410.22 USD | -379.78 USD | -48.07% | 22.23 DMD | 880.00 USD | 52.09 USD | -827.91 USD | -94.08% | 2.82 DMD |
| 03/15/2022 | 20.67 USD | +11.97% | -93.37% | 800.00 USD | 469.32 USD | -330.68 USD | -41.34% | 22.71 DMD | 880.00 USD | 58.33 USD | -821.67 USD | -93.37% | 2.82 DMD |
| 03/22/2022 | 18.25 USD | -11.70% | -94.15% | 810.00 USD | 424.40 USD | -385.60 USD | -47.60% | 23.26 DMD | 880.00 USD | 51.50 USD | -828.50 USD | -94.15% | 2.82 DMD |
| 03/29/2022 | 19.47 USD | +6.69% | -93.75% | 820.00 USD | 462.80 USD | -357.20 USD | -43.56% | 23.77 DMD | 880.00 USD | 54.95 USD | -825.05 USD | -93.76% | 2.82 DMD |
| 04/05/2022 | 19.48 USD | +0.04% | -93.75% | 830.00 USD | 473.00 USD | -357.00 USD | -43.01% | 24.29 DMD | 880.00 USD | 54.97 USD | -825.03 USD | -93.75% | 2.82 DMD |
| 04/12/2022 | 19.86 USD | +1.96% | -93.63% | 840.00 USD | 492.25 USD | -347.75 USD | -41.40% | 24.79 DMD | 880.00 USD | 56.05 USD | -823.95 USD | -93.63% | 2.82 DMD |
| 04/19/2022 | 18.76 USD | -5.55% | -93.98% | 850.00 USD | 474.92 USD | -375.08 USD | -44.13% | 25.32 DMD | 880.00 USD | 52.94 USD | -827.06 USD | -93.98% | 2.82 DMD |
| 04/26/2022 | 17.84 USD | -4.92% | -94.28% | 860.00 USD | 461.56 USD | -398.44 USD | -46.33% | 25.88 DMD | 880.00 USD | 50.33 USD | -829.67 USD | -94.28% | 2.82 DMD |
| 05/03/2022 | 14.89 USD | -16.49% | -95.22% | 870.00 USD | 395.44 USD | -474.56 USD | -54.55% | 26.55 DMD | 880.00 USD | 42.03 USD | -837.97 USD | -95.22% | 2.82 DMD |
| 05/10/2022 | 13.32 USD | -10.56% | -95.73% | 880.00 USD | 363.66 USD | -516.34 USD | -58.67% | 27.30 DMD | 880.00 USD | 37.59 USD | -842.41 USD | -95.73% | 2.82 DMD |
*Please note that values above utilizes data from CoinGecko and ExchangeRate-API.
How to use the DMD DCA tool
How to use this DMD Investment Calculator
This DMD investment calculator allows you to experiment with various DCA parameters to see how your portfolio would have done in different scenarios. This might assist you in determining the most effective strategies for your future DMD investments.
How portfolio values are calculated
We simulate making purchases on a recurring basis over the duration of the accumulation period beginning on the specified start date. We use the historical price of DMD to determine how many DMD you would have acquired at that time for each simulated purchase.
What is Dollar Cost Averaging?
Dollar cost average (DCA) is an investment strategy in which a person invests a predetermined amount of money at regular intervals, such as weekly or monthly.
Regardless of what is happening in the financial markets, the investment is usually made every month. As a result, as DMD prices rise, the investor will be able to purchase fewer DMD. When the price of DMD falls, the investor will be able to buy more of it. Because cryptocurrency can be extremely volatile, investing in this manner spreads the risk over a longer period of time. If the investor believes the investment has long-term potential but believes it is too risky to make a large lump sum investment, cost averaging may be a safer option.
How to invest in DMD?
Dollar cost averaging is used by investors all over the world because it provides the following advantages:
- It's an appealing option for investors who want to make regular contributions to their investment portfolios. Similarly to savings accounts, instead of a lump sum, a fixed proportion of income or a long-term investment goal can be invested each week.
- It eliminates the need to time the market. As a result, the overall trend in a given stock, rather than the investor's specific entry price, will determine an investor's returns. Furthermore, it assists investors in lowering their cost basis on securities that have lost value.
DMD can be purchased on exchanges like OKEx.
