DCA dubbed best trading strategy by 59% of crypto investors
Kraken’s latest survey reveals that 59% of respondents use dollar-cost averaging as their main crypto investment strategy, while 83.53% have used DCA at least once in their crypto activities.
In a survey conducted with 1,109 crypto investors, crypto exchange Kraken found that a large majority of them have opted to use dollar-cost averaging when making crypto purchases. As many as 59% of investors use DCA as their main strategy for investing in cryptocurrency.
Dollar-cost averaging is an investment strategy that involves buying a fixed amount of crypto at regular intervals over a period of time. It gives investors a “set it and forget it” type of mindset, which is seen as a favorable way to accumulate sums of crypto over…
