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How much $CRO would you have if you DCAed $100 per month since January 2020?



It’s the end of the month, and you receive your pay check. Wait, it’s a new year, and a new decade! You decide to take a leap of faith and set aside $100 from your paycheck. The next day, you wake up and purchase $100 of this weird new cryptocurrency called Crypto.com Coin or $CRO. Cool domain, you think.

And you have been doing this every month since. Today, the 31st of March 2022, a little over 2 years after, how much do you have?

Let’s find out!

[Note: $CRO has recently been renamed to Cronos (formerly Crypto.com Coin)]

What is DCA?

DCA stands for ‘dollar cost average’ which essentially means you are buying a certain asset for its average price on the long run by putting a little bit of money aside at a regular interval. If we expect an asset will rise in value in the future, and we acquire it for its average price over, say, the last 2 years, then our asset will be worth more than we put in. 

 

The idea is that this is a relatively safe principle that does not rely on your emotions or FOMO (fear of missing out), but rather builds your portfolio using a solid, logical strategy. It prevents panic selling in a bearish market or buying a lot in a bullish market.

Why $100 of $CRO a month?

Most people get their salaries paid every month, so it makes sense to set aside a little after every paycheck for investments.

Results!

Using coinmarketcap.com, we can see the total prices for the first of each month. Purchasing $100 worth of CRO every month from 1st January 2020 to 1st March 2022 (inclusive) results in a total of 32,769 $CRO.

The total spent acquiring the $CRO is $2700 USD, and the total value of the $CRO at today’s market price of $0.4788 USD is equal to $15,689 USD.

The price of the $CRO at ATH is equal to $31,779.

Tabulating the results:

Total $CRO

32,769

Total USD Spent

$2,700

Total $CRO Worth Today

$15,689

Total $CRO Worth at ATH

$31,779

 

That’s a return of over 480% at today’s price or a profit of $12,989!

Conclusion

As shown time and time again, DCA is perhaps the strategy to follow for both new and experienced investors alike. The average cost of a coin over a certain period will almost always be less than it’s all-time-high price in a bull market.

If this is what has been possible over the last two years, just think about the potential in the next two.

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