Dollar-cost averaging (DCA) calculator for Hymnode (HNT) Hymnode Logo

Buying 10.00 USD of HNT weekly from 11/05/2019 to 10/17/2021 would have performed as follows.

You can customize the Hymnode dollar cost averaging settings here.

Weekly Investment Summary

Total Invested
1.02k USD
102 Investments
Total HNT purchased
169,153.71
 
Current value of your HNT
1.75k USD
 
Cost AVG profit
730.54 USD
+71.62%

Lump Sum Investment Summary

Lump sum invest
1.02k USD
on 11/05/2019
HNT purchased
120,632.20
 
Current lump sum value
1.25k USD
 
Lump sum profit
228.40 USD
+22.39%
Share result:

Investment Performance Chart

Weekly Lump Sum
Date
Price
% Change
% Change From Start
Total Invested
HNT Value
Profit
Profit %
HNT Total
Total Invested
HNT Value
Profit
Profit %
HNT Total
11/05/20190.00846 USD+0.00%+0.00%10.00 USD10.00 USD-0.00 USD-0.02%1,182.67 HNT1,020.00 USD1,019.80 USD-0.20 USD-0.02%120,632.20 HNT
11/12/20190.011 USD+30.07%+30.07%20.00 USD23.00 USD+3.00 USD+15.01%2,091.94 HNT1,020.00 USD1,326.43 USD+306.43 USD+30.04%120,632.20 HNT
11/19/20190.00689 USD-37.35%-18.51%30.00 USD24.41 USD-5.59 USD-18.63%3,543.21 HNT1,020.00 USD831.05 USD-188.95 USD-18.52%120,632.20 HNT
11/26/20190.00816 USD+18.49%-3.44%40.00 USD38.92 USD-1.08 USD-2.70%4,768.04 HNT1,020.00 USD984.69 USD-35.31 USD-3.46%120,632.20 HNT
12/03/20190.00612 USD-25.03%-27.61%50.00 USD39.18 USD-10.82 USD-21.65%6,401.80 HNT1,020.00 USD738.22 USD-281.78 USD-27.63%120,632.20 HNT
12/10/20190.00499 USD-18.41%-40.93%60.00 USD41.96 USD-18.04 USD-30.06%8,404.11 HNT1,020.00 USD602.34 USD-417.66 USD-40.95%120,632.20 HNT
12/17/20190.00387 USD-22.58%-54.27%70.00 USD42.48 USD-27.52 USD-39.31%10,990.55 HNT1,020.00 USD466.31 USD-553.69 USD-54.28%120,632.20 HNT
12/24/20190.0052 USD+34.61%-38.45%80.00 USD67.19 USD-12.81 USD-16.01%12,911.93 HNT1,020.00 USD627.72 USD-392.28 USD-38.46%120,632.20 HNT
12/31/20190.00487 USD-6.51%-42.46%90.00 USD72.81 USD-17.19 USD-19.10%14,967.19 HNT1,020.00 USD586.83 USD-433.17 USD-42.47%120,632.20 HNT
01/07/20200.00466 USD-4.24%-44.90%100.00 USD79.72 USD-20.28 USD-20.28%17,113.43 HNT1,020.00 USD561.95 USD-458.05 USD-44.91%120,632.20 HNT
01/14/20200.00284 USD-39.10%-66.44%110.00 USD58.55 USD-51.45 USD-46.78%20,637.78 HNT1,020.00 USD342.21 USD-677.79 USD-66.45%120,632.20 HNT
01/21/20200.0063 USD+122.13%-25.46%120.00 USD140.05 USD+20.05 USD+16.71%22,224.37 HNT1,020.00 USD760.17 USD-259.83 USD-25.47%120,632.20 HNT
01/28/20200.00817 USD+29.67%-3.35%130.00 USD191.59 USD+61.59 USD+47.38%23,447.99 HNT1,020.00 USD985.67 USD-34.33 USD-3.37%120,632.20 HNT
02/04/20200.00418 USD-48.87%-50.58%140.00 USD107.95 USD-32.05 USD-22.89%25,841.24 HNT1,020.00 USD503.95 USD-516.05 USD-50.59%120,632.20 HNT
02/11/20200.00611 USD+46.26%-27.72%150.00 USD167.90 USD+17.90 USD+11.93%27,477.49 HNT1,020.00 USD737.10 USD-282.90 USD-27.74%120,632.20 HNT
02/18/20200.00333 USD-45.49%-60.60%160.00 USD101.51 USD-58.49 USD-36.55%30,479.36 HNT1,020.00 USD401.78 USD-618.22 USD-60.61%120,632.20 HNT
02/25/20200.00472 USD+41.76%-44.15%170.00 USD153.90 USD-16.10 USD-9.47%32,596.95 HNT1,020.00 USD569.55 USD-450.45 USD-44.16%120,632.20 HNT
03/03/20200.00517 USD+9.47%-38.86%180.00 USD178.47 USD-1.53 USD-0.85%34,531.44 HNT1,020.00 USD623.46 USD-396.54 USD-38.88%120,632.20 HNT
03/10/20200.00208 USD-59.81%-75.43%190.00 USD81.72 USD-108.28 USD-56.99%39,345.29 HNT1,020.00 USD250.54 USD-769.46 USD-75.44%120,632.20 HNT
03/17/20200.00206 USD-0.75%-75.62%200.00 USD91.10 USD-108.90 USD-54.45%44,195.37 HNT1,020.00 USD248.67 USD-771.33 USD-75.62%120,632.20 HNT
03/24/20200.00302 USD+46.63%-64.25%210.00 USD143.58 USD-66.42 USD-31.63%47,503.11 HNT1,020.00 USD364.62 USD-655.38 USD-64.25%120,632.20 HNT
03/31/20200.00388 USD+28.37%-54.10%220.00 USD194.31 USD-25.69 USD-11.68%50,079.88 HNT1,020.00 USD468.06 USD-551.94 USD-54.11%120,632.20 HNT
04/07/20200.00248 USD-36.20%-70.72%230.00 USD133.96 USD-96.04 USD-41.76%54,118.99 HNT1,020.00 USD298.60 USD-721.40 USD-70.73%120,632.20 HNT
04/14/20200.00329 USD+32.90%-61.09%240.00 USD188.03 USD-51.97 USD-21.66%57,158.29 HNT1,020.00 USD396.83 USD-623.17 USD-61.10%120,632.20 HNT
04/21/20200.00697 USD+111.90%-17.55%250.00 USD408.42 USD+158.42 USD+63.37%58,592.63 HNT1,020.00 USD840.86 USD-179.14 USD-17.56%120,632.20 HNT
04/28/20200.00368 USD-47.22%-56.48%260.00 USD225.56 USD-34.44 USD-13.25%61,310.25 HNT1,020.00 USD443.80 USD-576.20 USD-56.49%120,632.20 HNT
05/05/20200.00876 USD+138.01%+3.58%270.00 USD546.86 USD+276.86 USD+102.54%62,452.04 HNT1,020.00 USD1,056.31 USD+36.31 USD+3.56%120,632.20 HNT
05/12/20200.00872 USD-0.39%+3.18%280.00 USD554.74 USD+274.74 USD+98.12%63,598.27 HNT1,020.00 USD1,052.21 USD+32.21 USD+3.16%120,632.20 HNT
05/19/20200.0106 USD+21.53%+25.39%290.00 USD684.16 USD+394.16 USD+135.92%64,541.45 HNT1,020.00 USD1,278.75 USD+258.75 USD+25.37%120,632.20 HNT
05/26/20200.00543 USD-48.82%-35.83%300.00 USD360.14 USD+60.14 USD+20.05%66,384.38 HNT1,020.00 USD654.43 USD-365.57 USD-35.84%120,632.20 HNT
06/02/20200.00646 USD+19.07%-23.59%310.00 USD438.80 USD+128.80 USD+41.55%67,932.21 HNT1,020.00 USD779.21 USD-240.79 USD-23.61%120,632.20 HNT
06/09/20200.00391 USD-39.42%-53.71%320.00 USD275.84 USD-44.16 USD-13.80%70,487.04 HNT1,020.00 USD472.08 USD-547.92 USD-53.72%120,632.20 HNT
06/16/20200.00396 USD+1.15%-53.18%330.00 USD289.00 USD-41.00 USD-12.42%73,012.92 HNT1,020.00 USD477.49 USD-542.51 USD-53.19%120,632.20 HNT
06/23/20200.00552 USD+39.46%-34.70%340.00 USD413.05 USD+73.05 USD+21.49%74,824.04 HNT1,020.00 USD665.93 USD-354.07 USD-34.71%120,632.20 HNT
06/30/20200.00597 USD+8.16%-29.37%350.00 USD456.76 USD+106.76 USD+30.50%76,498.52 HNT1,020.00 USD720.27 USD-299.73 USD-29.38%120,632.20 HNT
07/07/20200.00448 USD-24.94%-46.98%360.00 USD352.86 USD-7.14 USD-1.98%78,729.24 HNT1,020.00 USD540.67 USD-479.33 USD-46.99%120,632.20 HNT
07/14/20200.00407 USD-9.29%-51.91%370.00 USD330.09 USD-39.91 USD-10.79%81,188.35 HNT1,020.00 USD490.45 USD-529.55 USD-51.92%120,632.20 HNT
07/21/20200.00403 USD-0.87%-52.33%380.00 USD337.20 USD-42.80 USD-11.26%83,669.16 HNT1,020.00 USD486.16 USD-533.84 USD-52.34%120,632.20 HNT
07/28/20200.00462 USD+14.61%-45.36%390.00 USD396.46 USD+6.46 USD+1.66%85,833.75 HNT1,020.00 USD557.19 USD-462.81 USD-45.37%120,632.20 HNT
08/04/20200.00427 USD-7.59%-49.51%400.00 USD376.35 USD-23.65 USD-5.91%88,176.19 HNT1,020.00 USD514.88 USD-505.12 USD-49.52%120,632.20 HNT
08/11/20200.00285 USD-33.33%-66.34%410.00 USD260.93 USD-149.07 USD-36.36%91,689.47 HNT1,020.00 USD343.29 USD-676.71 USD-66.34%120,632.20 HNT
08/18/20200.00331 USD+16.37%-60.83%420.00 USD313.63 USD-106.37 USD-25.33%94,708.66 HNT1,020.00 USD399.47 USD-620.53 USD-60.84%120,632.20 HNT
08/25/20200.00377 USD+13.69%-55.47%430.00 USD366.56 USD-63.44 USD-14.75%97,364.27 HNT1,020.00 USD454.16 USD-565.84 USD-55.47%120,632.20 HNT
09/01/20200.0035 USD-7.07%-58.61%440.00 USD350.64 USD-89.36 USD-20.31%100,221.91 HNT1,020.00 USD422.05 USD-597.95 USD-58.62%120,632.20 HNT
09/08/20200.00228 USD-34.81%-73.02%450.00 USD238.58 USD-211.42 USD-46.98%104,605.49 HNT1,020.00 USD275.14 USD-744.86 USD-73.03%120,632.20 HNT
09/15/20200.00363 USD+59.02%-57.10%460.00 USD389.38 USD-70.62 USD-15.35%107,362.17 HNT1,020.00 USD437.51 USD-582.49 USD-57.11%120,632.20 HNT
09/22/20200.00326 USD-10.13%-61.44%470.00 USD359.95 USD-110.05 USD-23.41%110,429.47 HNT1,020.00 USD393.21 USD-626.79 USD-61.45%120,632.20 HNT
09/29/20200.00235 USD-27.87%-72.19%480.00 USD269.65 USD-210.35 USD-43.82%114,681.64 HNT1,020.00 USD283.64 USD-736.36 USD-72.19%120,632.20 HNT
10/06/20200.00345 USD+46.50%-59.25%490.00 USD405.03 USD-84.97 USD-17.34%117,584.16 HNT1,020.00 USD415.53 USD-604.47 USD-59.26%120,632.20 HNT
10/13/20200.00358 USD+4.03%-57.61%500.00 USD431.37 USD-68.63 USD-13.73%120,374.11 HNT1,020.00 USD432.29 USD-587.71 USD-57.62%120,632.20 HNT
10/20/20200.00387 USD+8.10%-54.18%510.00 USD476.30 USD-33.70 USD-6.61%122,955.06 HNT1,020.00 USD467.30 USD-552.70 USD-54.19%120,632.20 HNT
10/29/20200.00498 USD+28.63%-41.06%520.00 USD622.68 USD+102.68 USD+19.75%124,961.51 HNT1,020.00 USD601.10 USD-418.90 USD-41.07%120,632.20 HNT
11/05/20200.00324 USD-34.92%-61.64%530.00 USD415.24 USD-114.76 USD-21.65%128,044.51 HNT1,020.00 USD391.20 USD-628.80 USD-61.65%120,632.20 HNT
11/12/20200.00549 USD+69.34%-35.04%540.00 USD713.17 USD+173.17 USD+32.07%129,865.10 HNT1,020.00 USD662.47 USD-357.53 USD-35.05%120,632.20 HNT
11/19/20200.00479 USD-12.71%-43.30%550.00 USD632.52 USD+82.52 USD+15.00%131,950.80 HNT1,020.00 USD578.26 USD-441.74 USD-43.31%120,632.20 HNT
11/26/20200.0062 USD+29.39%-26.63%560.00 USD828.41 USD+268.41 USD+47.93%133,562.76 HNT1,020.00 USD748.21 USD-271.79 USD-26.65%120,632.20 HNT
12/03/20200.00633 USD+2.00%-25.16%570.00 USD855.01 USD+285.01 USD+50.00%135,143.05 HNT1,020.00 USD763.20 USD-256.80 USD-25.18%120,632.20 HNT
12/10/20200.00576 USD-9.05%-31.93%580.00 USD787.64 USD+207.64 USD+35.80%136,880.56 HNT1,020.00 USD694.14 USD-325.86 USD-31.95%120,632.20 HNT
12/17/20200.00704 USD+22.40%-16.68%590.00 USD974.10 USD+384.10 USD+65.10%138,300.05 HNT1,020.00 USD849.65 USD-170.35 USD-16.70%120,632.20 HNT
12/24/20200.00726 USD+3.01%-14.18%600.00 USD1,013.39 USD+413.39 USD+68.90%139,678.10 HNT1,020.00 USD875.21 USD-144.79 USD-14.20%120,632.20 HNT
12/31/20200.00665 USD-8.40%-21.39%610.00 USD938.25 USD+328.25 USD+53.81%141,182.55 HNT1,020.00 USD801.68 USD-218.32 USD-21.40%120,632.20 HNT
01/07/20210.00474 USD-28.67%-43.93%620.00 USD679.26 USD+59.26 USD+9.56%143,291.67 HNT1,020.00 USD571.84 USD-448.16 USD-43.94%120,632.20 HNT
01/14/20210.01005 USD+112.06%+18.91%630.00 USD1,450.42 USD+820.42 USD+130.23%144,286.26 HNT1,020.00 USD1,212.64 USD+192.64 USD+18.89%120,632.20 HNT
01/21/20210.01175 USD+16.86%+38.96%640.00 USD1,704.96 USD+1,064.96 USD+166.40%145,137.35 HNT1,020.00 USD1,417.09 USD+397.09 USD+38.93%120,632.20 HNT
01/28/20210.00636 USD-45.87%-24.78%650.00 USD932.86 USD+282.86 USD+43.52%146,709.72 HNT1,020.00 USD767.05 USD-252.95 USD-24.80%120,632.20 HNT
02/04/20210.00488 USD-23.21%-42.24%660.00 USD726.34 USD+66.34 USD+10.05%148,757.36 HNT1,020.00 USD589.01 USD-430.99 USD-42.25%120,632.20 HNT
02/12/20210.00804 USD+64.60%-4.93%670.00 USD1,205.56 USD+535.56 USD+79.93%150,001.37 HNT1,020.00 USD969.52 USD-50.48 USD-4.95%120,632.20 HNT
02/19/20210.01189 USD+47.94%+40.65%680.00 USD1,793.54 USD+1,113.54 USD+163.76%150,842.23 HNT1,020.00 USD1,434.34 USD+414.34 USD+40.62%120,632.20 HNT
02/26/20210.00958 USD-19.44%+13.31%690.00 USD1,454.91 USD+764.91 USD+110.86%151,885.97 HNT1,020.00 USD1,155.53 USD+135.53 USD+13.29%120,632.20 HNT
03/05/20210.01603 USD+67.26%+89.52%700.00 USD2,443.49 USD+1,743.49 USD+249.07%152,510.00 HNT1,020.00 USD1,932.75 USD+912.75 USD+89.49%120,632.20 HNT
03/12/20210.03412 USD+112.93%+303.55%710.00 USD5,212.90 USD+4,502.90 USD+634.21%152,803.07 HNT1,020.00 USD4,115.38 USD+3,095.38 USD+303.47%120,632.20 HNT
03/19/20210.03361 USD-1.50%+297.50%720.00 USD5,144.81 USD+4,424.81 USD+614.56%153,100.59 HNT1,020.00 USD4,053.74 USD+3,033.74 USD+297.43%120,632.20 HNT
03/26/20210.03093 USD-7.98%+265.77%730.00 USD4,744.11 USD+4,014.11 USD+549.88%153,423.92 HNT1,020.00 USD3,730.13 USD+2,710.13 USD+265.70%120,632.20 HNT
04/02/20210.05766 USD+86.42%+581.88%740.00 USD8,854.08 USD+8,114.08 USD+1,096.50%153,597.36 HNT1,020.00 USD6,953.81 USD+5,933.81 USD+581.75%120,632.20 HNT
04/09/20210.01622 USD-71.87%+91.83%750.00 USD2,500.81 USD+1,750.81 USD+233.44%154,213.90 HNT1,020.00 USD1,956.23 USD+936.23 USD+91.79%120,632.20 HNT
04/16/20210.0259 USD+59.65%+206.25%760.00 USD4,002.59 USD+3,242.59 USD+426.66%154,600.07 HNT1,020.00 USD3,123.16 USD+2,103.16 USD+206.19%120,632.20 HNT
04/23/20210.02397 USD-7.45%+183.44%770.00 USD3,714.40 USD+2,944.40 USD+382.39%155,017.33 HNT1,020.00 USD2,890.49 USD+1,870.49 USD+183.38%120,632.20 HNT
04/30/20210.03696 USD+54.22%+337.12%780.00 USD5,738.35 USD+4,958.35 USD+635.69%155,287.89 HNT1,020.00 USD4,457.72 USD+3,437.72 USD+337.03%120,632.20 HNT
05/07/20210.03616 USD-2.18%+327.61%790.00 USD5,623.50 USD+4,833.50 USD+611.84%155,564.47 HNT1,020.00 USD4,360.73 USD+3,340.73 USD+327.52%120,632.20 HNT
05/14/20210.03607 USD-0.24%+326.56%800.00 USD5,619.77 USD+4,819.77 USD+602.47%155,841.72 HNT1,020.00 USD4,350.09 USD+3,330.09 USD+326.48%120,632.20 HNT
05/21/20210.01903 USD-47.24%+125.04%810.00 USD2,974.76 USD+2,164.76 USD+267.25%156,367.26 HNT1,020.00 USD2,294.93 USD+1,274.93 USD+124.99%120,632.20 HNT
05/28/20210.02882 USD+51.45%+240.82%820.00 USD4,515.25 USD+3,695.25 USD+450.64%156,714.27 HNT1,020.00 USD3,475.65 USD+2,455.65 USD+240.75%120,632.20 HNT
06/04/20210.02035 USD-29.40%+140.63%830.00 USD3,197.91 USD+2,367.91 USD+285.29%157,205.76 HNT1,020.00 USD2,453.93 USD+1,433.93 USD+140.58%120,632.20 HNT
06/11/20210.01879 USD-7.63%+122.27%840.00 USD2,963.96 USD+2,123.96 USD+252.85%157,737.84 HNT1,020.00 USD2,266.73 USD+1,246.73 USD+122.23%120,632.20 HNT
06/18/20210.04751 USD+152.81%+461.94%850.00 USD7,503.32 USD+6,653.32 USD+782.74%157,948.30 HNT1,020.00 USD5,730.62 USD+4,710.62 USD+461.83%120,632.20 HNT
06/25/20210.04385 USD-7.71%+418.58%860.00 USD6,934.44 USD+6,074.44 USD+706.33%158,176.36 HNT1,020.00 USD5,288.50 USD+4,268.50 USD+418.48%120,632.20 HNT
07/02/20210.02955 USD-32.61%+249.46%870.00 USD4,682.95 USD+3,812.95 USD+438.27%158,514.79 HNT1,020.00 USD3,563.80 USD+2,543.80 USD+249.39%120,632.20 HNT
07/09/20210.02757 USD-6.69%+226.09%880.00 USD4,379.79 USD+3,499.79 USD+397.70%158,877.46 HNT1,020.00 USD3,325.48 USD+2,305.48 USD+226.03%120,632.20 HNT
07/16/20210.02528 USD-8.33%+198.92%890.00 USD4,024.90 USD+3,134.90 USD+352.24%159,273.11 HNT1,020.00 USD3,048.42 USD+2,028.42 USD+198.87%120,632.20 HNT
07/23/20210.02162 USD-14.47%+155.68%900.00 USD3,452.67 USD+2,552.67 USD+283.63%159,735.66 HNT1,020.00 USD2,607.46 USD+1,587.46 USD+155.63%120,632.20 HNT
07/30/20210.02046 USD-5.35%+142.00%910.00 USD3,277.93 USD+2,367.93 USD+260.21%160,224.36 HNT1,020.00 USD2,467.94 USD+1,447.94 USD+141.95%120,632.20 HNT
08/06/20210.02703 USD+32.09%+219.66%920.00 USD4,339.76 USD+3,419.76 USD+371.71%160,594.34 HNT1,020.00 USD3,259.86 USD+2,239.86 USD+219.59%120,632.20 HNT
08/13/20210.02131 USD-21.17%+151.99%930.00 USD3,431.09 USD+2,501.09 USD+268.93%161,063.67 HNT1,020.00 USD2,569.79 USD+1,549.79 USD+151.94%120,632.20 HNT
08/20/20210.02935 USD+37.77%+247.16%940.00 USD4,736.95 USD+3,796.95 USD+403.93%161,404.33 HNT1,020.00 USD3,540.36 USD+2,520.36 USD+247.09%120,632.20 HNT
08/27/20210.01089 USD-62.91%+28.77%950.00 USD1,767.03 USD+817.03 USD+86.00%162,322.77 HNT1,020.00 USD1,313.19 USD+293.19 USD+28.74%120,632.20 HNT
09/03/20210.00789 USD-27.51%-6.65%960.00 USD1,291.00 USD+331.00 USD+34.48%163,589.67 HNT1,020.00 USD951.99 USD-68.01 USD-6.67%120,632.20 HNT
09/10/20210.01167 USD+47.81%+37.98%970.00 USD1,918.17 USD+948.17 USD+97.75%164,446.80 HNT1,020.00 USD1,407.10 USD+387.10 USD+37.95%120,632.20 HNT
09/17/20210.00814 USD-30.23%-3.73%980.00 USD1,348.30 USD+368.30 USD+37.58%165,675.33 HNT1,020.00 USD981.73 USD-38.27 USD-3.75%120,632.20 HNT
09/24/20210.01529 USD+87.86%+80.85%990.00 USD2,542.93 USD+1,552.93 USD+156.86%166,329.28 HNT1,020.00 USD1,844.29 USD+824.29 USD+80.81%120,632.20 HNT
10/01/20210.00922 USD-39.74%+8.99%1,000.00 USD1,542.49 USD+542.49 USD+54.25%167,414.42 HNT1,020.00 USD1,111.45 USD+91.45 USD+8.97%120,632.20 HNT
10/08/20210.01293 USD+40.35%+52.96%1,010.00 USD2,174.81 USD+1,164.81 USD+115.33%168,187.61 HNT1,020.00 USD1,559.88 USD+539.88 USD+52.93%120,632.20 HNT
10/15/20210.01035 USD-19.97%+22.42%1,020.00 USD1,750.54 USD+730.54 USD+71.62%169,153.71 HNT1,020.00 USD1,248.40 USD+228.40 USD+22.39%120,632.20 HNT

*Please note that values above utilizes data from CoinGecko and ExchangeRate-API.

How to use the HNT DCA tool

How to use this Hymnode Investment Calculator

This Hymnode 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 Hymnode 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 Hymnode to determine how many HNT 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 Hymnode prices rise, the investor will be able to purchase fewer Hymnode. When the price of Hymnode 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 Hymnode?

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.