Ethereum has been hit through 2022. From prices of $4800 in November 2021, Ethereum’s value has fallen to $985 by June 2022.
With these circumstances and the market remains heavily bearish, it’s not difficult to ask, is Ethereum an investment worth it?
This article provides a thorough analysis of the price of Ethereum and the direction it is likely to take the next time. We’ll determine whether Ethereum is a worthwhile cryptocurrency to invest in at the end of this guide. You’ll also see where you can buy Ethereum with low costs and less hassle.
Reasons Why Ethereum Is a Good Investment
Ethereum is a brand new technology. It was launched in the year of 2016. There are still glitches here and there; however, it could be very profitable for those willing to get active and test this new technology.
Ethereum might be an example of a global computer
Ethereum gained so much acclaim and nearly flipped over by a factor of Bitcoin on June 17, 2017, due to the capacity to execute intelligent contracts.
For example, the following assets are houses, art, luxury vehicles, etc. Ethereum’s smart contract can guarantee the ownership of these things. Foreign investors and the rest of the globe won’t have to go through the bureaucratic process of foreign nations’ systems to acquire artwork or a house in a different country. They can utilize an Ethereum-based smart contract that is made of Ethereum. They can also pay using Ethereum as well.
The world may be connected through the internet; however, Ethereum is proving the latest and most advanced levels of connectivity for both businesses as well as private citizens around the globe.
When you think about this, the answer to the question, ‘is Ethereum an investment worth it appears to be an easy decision.
Ethereum will provide us with Tokenization
The World Economic Forum (WEF), through its surveys and studies, predicted the following “Blockchain technology will be used to store and transact 10% of global GDP by 2025-27.”
Technology is as high as 10% of the country’s GDP.
A few years ago, as I contemplated whether or not to invest in Ethereum, the idea of tokenization and the many uses for Ethereum made my thoughts clear as water. Ethereum will be the new standard in technology, and there are many reasons why Ethereum is worth the investment.
Ethereum can run applications that are not censored
Censorship is a severe problem in our modern times.
Facebook, Twitter, Youtube, and Instagram, all of these companies have the option to modify, delete or block content. They do it frequently.
The data stored in the Ethereum blockchain (data, smart contracts, dApps) isn’t censored by a government agency or a government department and will be available and uncensored for the duration that Ethereum remains alive last for a long, long period of.
Making sure that people are capable of making informed decisions is just one of the reasons Ethereum is so valuable. So, should I invest in Ethereum right now? This is the perfect time to purchase Ethereum and prepare for the eventual end of censorship.
Ethereum is a platform for creativity
Ethereum has lost 80% of its value following the so-called 2017 “crypto bubble” burst, but Ethereum didn’t die. Similar to the internet, which did not die following the internet bubble of the 90s -it seems that Ethereum has grown stronger and gained momentum.
New and exciting projects are being created on Ethereum microgrids charge stations to recharge electric cars, cryptocurrency collectables, home mortgages, health records, and more.
Diversification of Ethereum, Bitcoin & more
The purpose and technology behind Ethereum are distinct from Bitcoin.
We’ve got why Bitcoin is a wise investment, But do we know if Ethereum is an additional good option?
Bitcoin was initially intended to be a cryptocurrency particular; the emphasis is on the word “currency..’ Ethereum is different and is designed to serve as a platform for Smart Contracts.
With Bitcoin, you can store value and make payments for goods, whereas with Ethereum, you can write intelligent contracts, tokenize assets, and much more.
Ethereum is capable of being a payment system, too, but it doesn’t possess the brand-name recognition or impermanence that is Bitcoin — and Bitcoin is highly scarce as it’s limited to 21 million coins; in contrast, Ethereum is not capped.
Ethereum Price Ups and Downs
You’ve got an idea of how Ethereum has traded since it came into the market.
Here’s a brief overview of the same to aid you in deciding whether Ethereum is a significant investment or not.
- Ethereum Price action for 2015 $0.75 –$0.75
- Ethereum Cost 2015 —$-0.42 (Ethereum is the all-time lowest)
- Jan. 2017Ethereum is trading for $8
- January 2018 —Ethereum is selling for $1375 (180,000 percent growth since 2015)
- February 2021Ethereum has a record low of $97
- December 2021Ethereum test a record high of 4800
- June 2022 —Ethereum is down to $1000 and will trade at $985
Ethereum is in a cycle of bear and bull cycles. However, the trend is generally upward. This is a sign of the highly volatile market for cryptocurrency in general.
You’ll be able to earn money when your account gets the assets you have transferred, which won’t take too long when using KuCoin crypto exchange.
- Once the asset has been placed in your account, head through your Markets tab.
- Select the support you want to trade from the drop-down list, then click on the Trading button.
- To purchase, fill in your Buy form with the desired quantity, then click Buy. The exact process applies to selling.
Conclusion
Is Ethereum an investment worth it? At the moment, Ethereum is considered an investment worth making. If you’re considering investing in it, this could be the best moment to invest. Although no investment is entirely safe, making a bet on Ethereum has yielded over 10,000% returns over the past several years. You need to know what you need to know before investing in Ethereum, whether you’re a novice or just interested in how to maximize your investment.
