Weekly Investment Summary
Lump Sum Investment Summary
Investment Performance Chart
% Change From Start
|01/11/2022||11.94 USD||+0.00%||+0.00%||10.00 USD||10.00 USD||-0.00 USD||-0.02%||0.83738 GLMR||20.00 USD||20.00 USD||-0.00 USD||-0.02%||1.67 GLMR|
|01/18/2022||9.98 USD||-16.43%||-16.43%||20.00 USD||18.35 USD||-1.65 USD||-8.23%||1.84 GLMR||20.00 USD||16.71 USD||-3.29 USD||-16.44%||1.67 GLMR|
How to use the GLMR DCA tool
How to use this Moonbeam Investment Calculator
This Moonbeam 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 Moonbeam 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 Moonbeam to determine how many GLMR 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 Moonbeam prices rise, the investor will be able to purchase fewer Moonbeam. When the price of Moonbeam 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 Moonbeam?
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.
Moonbeam can be purchased on exchanges like OKEx.
*You get this when clicking the affiliate link above and when you buy your first crypto on OKEx (purchase $100 worth of crypto or more via Buy/Sell).