Five things you should know before investing in Ethereum

in #ico5 years ago

#1 We might be in a cryptocurrency bubble

Cryptocurrencies have seen an incredible growth in 2017. Ethereum has grown from less than $10 to $833. Bitcoin went from less than $1,000 to $18,000. The total market cap for cryptocurrencies is over $354 billion.

This astronomical growth makes a lot of people worried that we might be in a cryptocurrency bubble that can pop at any time.

#2 Ethereum is a highly volatile cryptocurrency

Ethereum’s rise in 2017 hasn’t been without it’s ups and downs.

For example, on June 20th, Ethereum was worth $360, but less than a month later, on July 15th, it was only worth $181. That’s a 50% drop!

Or, on September 2nd it was worth $377, but dropped all the way down to $289 by September 19th. That’s a drop of 24%.

At the moment, Ethereum is sitting at $833, but will it continue rising, or will it drop again sometime soon? No one knows.

#3 Ethereum is the cryptocurrency of ICOs

ICO stands for Initial Coin Offering and it is a fundraising tool that allows startup to raise capital by issuing and selling their own tokens (coins).

It’s safe to say that 2017 was the year of ICOs because a staggering $3 billion was raised this way.

#4 Ethereum has a solid leadership

Bitcoin was created by anonymous developer or a team of developers who have since disappeared from the public eye and left their project in the hands of core development team. There is no clear leader. This might sound romantic in theory, but in practice, it leads to disagreements and lack of efficiency in problem solving.

#5 Ethereum might be the best investment of 2018

Ethereum has seen an enormous growth in 2017. On January 1st, 2017, it only cost $8.22. Today, it’s at $833 That means that if you had invested $1000 in Etherum last January, you’d now have almost $55,000. Does that mean you have missed the boat?

Not at all. By our estimates, Ethereum is going to continue rising in 2018, mainly because ICOs and blockchain apps are becoming more and more popular. It might be the best investment of 2018!

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