Buying $100 of SHIB every 14 days for a year would have lost you over $500
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After the cryptocurrency market crash, most traders have been eager to offload many assets, with the meme coin Shiba Inu (SHIB), not an exception.
Despite the token’s rise in popularity over the last year, the latest data reveals that if you were to dollar-cost average into the asset in the previous 365 days, the same amount, you would be at a loss.
Indeed, investing $100 in SHIB from June 2021 to June 2022 every 14 days for a total of 27 investments ($2,700 in total) would result in $2,190.65 of value in Shiba Inu, according to data from DCA crypto. The decrease from $2,700 to $2,190.65 represents a loss of $509.35 or -18.86% return of investment.
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