Cryptocurency investment review for the year 2017: Ethereum

fatherfaith (68)in #cryptocurency • 7 years ago (edited)

I started a review on investment in cryptocurency some days ago and this will be another series on my cryptocurency review. My first review was on bitcoin and today, I will be reviewing how investment in Ethereum has done so far in 2017.

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I think you will all agree with me that Ethereum is the second most popular cryptocurency after Bitcoin. No wonder it is placed on the second spot on www.coinmarketcap.com

This year, Ethereum has risen to all time highest and the value of one Ethereum as at today is above $475.00

On January 1st, 2017, Ethereum started at $7.98. For anybody that invested in Ethereum on the 1st of January this year would have made a profit of over 5800% by now. Someone said can this be true? Yes, it is very very true. A profit of 5800% on an investment in 11month is very good if you ask me.

On the 1st of February this year, the value of increased a little bit and it started at $10.74 on this day. By 1st if February, anybody that invested in January would have made a profit of more than 34%. For any investment in Ethereum on the 1st of February, by now would have yielded more than 4300% in 10 months. Isn't that lovely?

The value of Ethereum kept increasing and got to $15.85 on the 1st of March 2017. Which makes an investment on the the first day of March till date to give a profit return of close to 2900% in 9 months. Meanwhile an investment in January and February would have yielded close to 100%(in 2 months) and close to 50%(in 1 month) respectively

The value moved up drastically and started at $50.03 on the 1st of April. An investment on this day will yield a profit of around 850% by now. 850% in 8 months? That is waooooo
Meanwhile, an investment from January, February and March would have given profits of 500%, 365% and 215% respectively

On the 1st of May, the value moved up to $79.32. If one invested on this day, the investment would have grown with a profit of about 500% by now. That is the profit in just 7 months.

The value of Ethereum greatly increased in the month of May and on the 1st of June the value was $230.89. Which means in one month, the value increased by more than 190%. Anybody who invested from 1st of May to 1st of June would have gotten 190% profit on their investment in just 1 month. Also, from June 1st till date, one will get more than 105% profit from investing in Ethereum. That is just in 6 months

In July 1st, Ethereum has slightly increased to $293.35. By now, an investment in July 1st will give a profit of close to 65% in just 5 months.

At the start of August 1st, the value of Ethereum was slightly down to a value of $204.69. As I said on my last post, the best time to invest is when the value comes down. Anybody that invested in the 1st of August, by now will have made profit of close to 135% in 4 months

There was a great increment in the value of Ethereum again after August 1st and as at September 1st,it has increased to $383.47. This means the value increased by 87% in just a month. An Investment on the 1st of September would have yielded a profit of close to 25% in just 3 month

On the 1st of October saw a slight drop in the value of Ethereum as the value was $301.55 on this day. It was a good news for investors cos the best time to invest is when there is decrease in value. For investors who invest on this day, the profit by now is more than 57%.

By November 1st, the value of Ethereum started at $305.76. And by now, investment made on that day would have yielded more that 55% profit in just 1 month. I'm telling you, this is one of the best investment you can get anywhere. 55% profit in just 1 month

As at December 1st, Ethereum has broken all barriers and the value started at $445.21 on this day. In 1 month, this is an increment of close to 50%. Any investor who invested in Ethereum on December 1st which is just 8 days ago would have made close to 10% profit by now.