Ethereum

<p><strong>It’s been about 2 years since ETH reached its all-time high price. For those who bought near the top, it may feel like recovery is still a long way off. However, by using dollar cost averaging (DCA) and staking, the picture looks much brighter, <a href="https://www.reddit.com/r/CryptoCurrency/comments/16zhb1q/2_years_ago_eth_reached_its_ath_i_had_a_look_what/" target="_blank" rel="noopener noreferrer nofollow">according</a> to an analyses on Reddit.</strong></p>
<p>Let’s assume we started DCAing $100 into ETH every month starting at the previous ATH around $4810. After 24 months and $2400 invested, we’d now hold 1.333692333 ETH at an average cost of $1799.52.</p>
<p>At today’s price of around $1640, we’d only need ETH to increase 9.7% to break even. That’s much more feasible than the 3x gain needed if we just bought and held from the top. DCA and time in the market really can rescue a portfolio.</p>
<p>Now what if we also staked each month’s ETH purchase, earning a hypothetical 4% return? With staking, we’d now hold 1.38048834776 ETH, an extra 0.046796 ETH. Our average cost per ETH would be $1738.52, $61 lower.</p>
<p>The break even point drops even further, to just +6.0%. Staking provided an extra $76.74 worth of ETH.</p>
<p>The takeaway: Even buying at the absolute peak, consistent DCA and staking provides a path back to profitability. With time, DCA and staking can turn around even “bad” entry points. So while this advice is often repeated, there’s good reason for it.</p>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/etoro-ca-1-oyc386si1bdrmhrff7xex5ngu4zikfy3ei6bk0rbb6.png" width="500" alt="We recommend eToro" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-etoro-target-_blank-rel-noopener-noreferrer-nofollow-span-we-recommend-etoro-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <span>We recommend eToro</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20"><strong>74% of retail CFD accounts lose money.</strong>
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> Visit eToro Now </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Active user community and social features like news feeds, chats for specific coins available for trading. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Copy trading: allows users to copy the trades of leading traders, for free. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>eToro offers staking for certain popular cryptocurrencies like ETH, ADA, XTZ etc.
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a rel="noopener noreferrer nofollow" href="https://captainaltcoin.com/2-years-ago-ethereum-reached-its-ath-how-dca-and-staking-could-have-helped-you/">2 Years Ago Ethereum Reached its ATH – How DCA and Staking Could Have Helped You</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

2 Years Ago Ethereum Reached its ATH – How DCA and Staking Could Have Helped You

Table of Contents

CaptainAltcoin

Other articles published on Oct 4, 2023

BerryStore to Release Version 4.2 to Deliver Content Users Will Enjoy

Uniswap Foundation Hopes to Raise $62M in Additional Capital

DOJ persists on Bankman-Fried charges despite crypto law void

AI in Cybersecurity: A Mixed Bag for Vulnerability Detection

Polkadot Price Prediction: DOT Price Near $4; Time To Buy?

With increased mining speed, Bitfarms produced 411 BTC in September.

Join our free newsletter for daily crypto updates!