Dollar-cost averaging (DCA) calculator for Phala Network (PHA)

Weekly Investment Summary

Lump Sum Investment Summary

Investment Performance Chart

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

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 Phala Network prices rise, the investor will be able to purchase fewer Phala Network. When the price of Phala Network 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.

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.

Phala Network 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).