What is the average cost per share for digital currencies?

1 answers

• RichardSsNov 19, 2023 · 2 years ago
  Calculating the average cost per share for digital currencies is essential for investors to understand their investment performance. It is calculated by dividing the total amount invested in a cryptocurrency by the total number of shares owned. This metric helps investors assess whether they are making a profit or a loss on their investment. If the average cost per share is higher than the current market price, it indicates a potential loss. Conversely, if the average cost per share is lower than the market price, it suggests a potential profit. By tracking the average cost per share, investors can make informed decisions about buying or selling digital currencies based on their investment goals and risk tolerance.
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