Does it make sense to invest in Ethereum?
Just about every long-term (2+ years) ETH holder would currently be in profit, with the only exception being those that invested during the 2021 bull run. As such, it's clear that Ethereum provides a great long-term opportunity.
Is it a good investment? Ethereum (ETH) is a well-known project in the crypto industry. It is the second largest coin by market cap, and likely the second most important cryptocurrency that was ever developed. In both cases, it was bettered only by Bitcoin itself, which places it quite high on the importance scale.
The short term can be rocky for crypto, and if you'd invested in late 2021 right before prices plummeted, your investment would have declined in value. But if you'd invested just four years ago and held through all the ups and downs, you'd have nearly 8 times your initial investment by today.
“I think 2024 is going to be a great year for the price of ETH as there are plenty of tailwinds headed ETH's way, such as the birth of staking via EigenLayer, 2 major network upgrades—Dencun in March and Petra sometime in Q4—as well as spot ETH ETFs going live as early as May,” Sassano says.
Ever since it pioneered the concept of smart contracts back in 2015, Ethereum has consistently been the first to market with just about every new blockchain innovation. And that has given Ethereum an enviable first-mover advantage in key areas such as non-fungible tokens (NFTs) and decentralized finance (DeFi).
Ethereum allows smart contracts to execute safe financial transactions. Smart contracts let decentralized applications run automatically on the blockchain when certain predetermined conditions are met.
The continued growth of Ethereum and its constant upgrades has led many to predict that 2024 and upcoming years will be good for the Ethereum as rising confidence in the technology and blockchain solutions will surely let Ethereum to the moon and investors HODLing ETH for long will not be wrecked.
You might also prefer investing in Ether you have less capital to spend; currently, Ether is cheaper than Bitcoin. You might prefer to invest in Bitcoin if you're a short-term investor. Bitcoin has a larger market cap, and it's also captured greater public interest than Ethereum (as of January 2021).
Ethereum in Finance, Global Trade and Real Estate
The benefits of Ethereum in these sectors are numerous: Efficiency: Ethereum's blockchain technology enables faster and more secure transactions, reducing the need for intermediaries and streamlining processes.
Despite being down 22% this year (as of April 28), a $100 investment in Ethereum (ETH 0.18%) five years ago would be worth a whopping $4,000 today. Let's take a closer look at the world's second-most-valuable cryptocurrency, which carries a market cap of $358 billion as of this writing.
Can Ethereum make you a millionaire?
The conservative model assumes Ethereum hits 50% of Bitcoin's market capitalization, and the aggressive case uses a ratio of 1ETH=0.1BTC. Assuming these numbers, to be a millionaire you will need: Worst case scenario: 39 ETH or $82,000 at current prices. Conservative Model: 29 ETH or $61,355 at current prices.
To have a million dollars worth of Ethereum at $3000, you would need around 333.33 ETH tokens. The cost of 333.33 ETH at current prices is about $747,333. However, if ETH reaches its all-time high of $4878.26, the same investment would be worth around $1,626,000 ($1.62 million).
| Year | Minimum Price | Average Price |
|---|---|---|
| 2025 | $4,569.61 | $4,698.98 |
| 2026 | $6,639.82 | $6,827.78 |
| 2027 | $9,579.60 | $9,921.00 |
| 2028 | $13,740.16 | $14,137.00 |
| Month | Minimum Price | Average Price |
|---|---|---|
| April 2025 | $53,006.84 | $66,784 |
| May 2025 | $58,482.24 | $70,886.75 |
| June 2025 | $63,957.63 | $74,989.50 |
| July 2025 | $69,433.03 | $79,092.25 |
By 2050, our long-term Ethereum price prediction estimates that the maximum price could reach up to $89,316.15.
Ethereum Price Analysis 2023
At the beginning of 2023, Ethereum experienced a slow start with a value of $1196. Nevertheless, the crypto markets made substantial progress, leading to significant increases not only for Ethereum but also for several other major crypto tokens, which continue their upward trajectory.
Ethereum has faced significant scalability challenges, especially with high network congestion. As the number of users and transactions on the network increases, it can lead to slower confirmation times and higher transaction fees.
Investing in Ethereum. Ethereum (ETH -0.43%) is the decentralized, open-source technology that powers much of the crypto world. Everything from decentralized finance (DeFi) applications and non-fungible tokens (NFTs) to enterprise blockchain solutions relies on Ethereum's technology.
Is it a good idea to hold Ethereum? If you are looking to diversify your portfolio using assets beyond Bitcoin, you may want to look to Ether. However, as the crypto market is highly volatile and unregulated, you must invest cautiously.
Trading levels for ETHUSD
Should I buy or sell Ethereum Crypto currency? Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Ethereum crypto currency to perform well in the short-term.
Is Ethereum still a good investment 2023?
Ether produced strong returns in 2023 but underperformed Bitcoin as well as certain other smart contract blockchain tokens. We think this reflects Bitcoin-specific positives this year and a slower recovery in Ethereum's on-chain activity.
Despite Ethereum's transition from a Proof-of-Work to a Proof-of-Stake model, miners have been led to alternatives like Ethereum Classic (ETC). Nonetheless, Ethereum's robust presence in the crypto world has remained steadfast and influential in recent years.
Walletinvestor's ETH future prices pattern looks to be in a rally, and Walletinvestor's seems to project this rally to continue into 2024 breaking through the $2000 level twice in the year, with a slight cooling of the price moving into 2025.
- Bitcoin (BTC)
- Ether (ETH)
- Avalanche (AVAX)
- Polygon (MATIC)
- Cardano (ADA)
- Cosmos (ATOM)
By the end of 2030, the predicted Ethereum price could soar to a peak of $26,575.21. The current price of 1 Ethereum is $ 2,669.07261007.
