Ethereum is one of the most popular cryptocurrencies that offers some unique features unavailable in other cryptocurrencies in the market. Even though it has had massive success in different phases, some investors are still skeptical about its investment opportunities, considering the recent market crash.
ETH is the cryptocurrency of the Ethereum blockchain, which is the base of several decentralized and other applications. This platform was developed by the Ethereum community. It helps to safely trade cryptocurrencies using blockchain technology without the intervention of a third party.
Currently, bitcoin is the most-traded cryptocurrency in the world. However, the aggressive growth of Ethereum has influenced many investors and some experts even predict that it will surpass the popularity of bitcoins soon. The main aim of Ethereum is to offer a different protocol to create decentralized apps.
Price Prediction of Ethereum
Ethereum had a massive rise in its price in November 2021 and reached a value of $4,733.36. However, the price of Ethereum fell after this hike and its current price are $1,264.52, which is very low when compared to the hype it had in 2021. Investors consider this to be a big breakdown.
Views of the experts
Experts predict a price hike for Ethereum in 2023. They expect an increase of up to $1377. By 2025, Ethereum’s price is expected to rise 400%, which may lead to a rough figure of $20,000. This will also result in important updations to the Ethereum network.
Thoughts on investing in Ethereum
Cryptocurrencies and Ethereum are not in a budding stage anymore. As blockchain is growing at a rapid speed and Decentralized Finance gaining more popularity than ever, investment opportunities are being reshaped. Ethereum can be considered a valuable long-term investment option. It is an extremely volatile asset. Therefore, you must expect extreme price fluctuations in short periods. So understand all the risks before investing in Ethereum. If not, you may have to face losses in your investment. Sometimes, the whole investment may go overnight. It is wise to invest only the money you can afford to lose.
Making money using Ethereum
FOMO (Fear of Missing Out) can easily trap you in investments. Several people have gained huge amounts of money through crypto investment. Some people became rich overnight. These success stories may motivate you to invest immediately, fearing the loss of opportunity. Therefore, it is important to study the ways to invest in cryptocurrencies. They are extremely different from traditional assets. Also, every cryptocurrency is different from others. You can handle Ethereum just by knowing more about bitcoins. You must learn about the price fluctuations that happen in Ethereum and the ways to find the trends in the Ethereum network. The technology and protocol behind each cryptocurrency will be different. It will affect their volatility, their trade nature, and the ways to find their value. The supply structure of each cryptocurrency will be unique. Crypto markets are a worthy investment for the long term as it is capturing market shares in stock trading and payments. It will continue to grab markets in the coming years also.