BinanceUS launched recurring buys for SHIB. This auto-buy feature lets crypto investors, especially Shiba Inu fans procure the coin on a set schedule of their choosing, making it easier to build their crypto portfolio without actively trading.
Shiba Inu Community Gets Dollar-Cost Averaging Feature on BinanceUS
To help Shiba Inu (SHIB) fans easily build their portfolio, Binance US has introduced a dollar-cost averaging feature. Despite SHIB’s price falling by over 10% in the past week, currently trading at $0.000008951 according to CoinMarketCap, BinanceUS has updated its platform with an auto-buy feature for SHIB.
This recurring buy option allows investors, especially those interested in SHIB, to buy the cryptocurrency on a predetermined schedule, without the need for active trading. This update could potentially increase the price of SHIB.
The recently introduced feature on BinanceUS is called dollar-cost averaging, which involves investors buying a fixed dollar amount of an asset at regular intervals, regardless of the current market price. This method helps investors avoid the risks associated with timing the market and allows them to benefit from long-term market growth.
The Shiba Inu community was understandably excited about this development as it simplifies the process of managing their SHIB portfolio.
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