If You Bought $100 Worth of Ethereum a Year Ago, Here’s How Much You’d Have Today
Crypto is booming, and many investors who got in last year before the surge are seeing huge benefits.
Everybody’s talking about cryptocurrency right now, and many wonder what their coins would be worth if they’d invested sooner. Digital currencies boomed in 2017 before peaking and falling dramatically in 2018.
We thought that crash could mark the passing of cryptocurrency’s popularity. But interest increased again as economic uncertainty and other factors sparked a resurgence in 2020.
Investors are again keeping a close eye on digital currencies like Ethereum (ETH). Ethereum is the second-biggest cryptocurrency after Bitcoin. Like Bitcoin, it’s a decentralized digital currency – which means it doesn’t rely on a bank or financial institution. Ethereum expands on Bitcoin’s blockchain capabilities, which is why lots of people increasingly see it as a viable long-term investment.
If you’d bought Ethereum at the beginning of the most recent surge, you’ve likely already made huge gains. Is it worth holding onto that investment?
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How much was Ethereum worth one year ago?
According to Coindesk historical data, a year ago (on April 12, 2020) Ethereum was worth $162.02 for one coin.
If you bought $100 worth of the currency, you’d have 0.62 ETH.
How much is Ethereum worth today?
The price of Ethereum as I write this (April 12, 2021) is $2,144.42 for one coin.
That’s more than 13 times the $162.02 it was a year ago – about 1,300% growth.
If you bought $100 of ETH 1 year ago, here’s how much you’d have today
Few investors who stocked up on Ethereum early in 2020 foresaw the boom we’re experiencing now.
To calculate what any Ethereum you bought a year ago would be worth today, we’d need to multiply the amount of ETH you bought by the current value of one coin.
If you bought $100 worth of Ethereum in April 2020, your 0.62 ETH would be worth about $1,324 today.
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That’s not quite the upgrade the earliest crypto investors have seen – Ethereum has grown 30,000% since 2016. But it’s objectively a comfortable return.
Is Ethereum a good investment now?
Like many other cryptocurrencies, the value of Ethereum has soared this year – today’s value is about double what it was in January of this year.
So does that make it a good investment?
That depends on whether you think it has underlying value. It’s never a good investment if you plan to risk some money in the hope you’ll get rich quickly. No investment is guaranteed to grow, let alone by 10x or 100x.
Crypto has shown some of the most surprising and headline-worthy returns since the earliest tech companies – but the markets are volatile. Those jumps are matched by significant dips in value, and we don’t have enough historical data to know whether the assets will stabilize and grow in the long term.
The idea of cryptocurrency is just over a decade old, and Ethereum has been around for less than six years. If you want to buy Ethereum, check out our top cryptocurrency exchanges for some reputable places to get it.
But if you were one of the investors who woke up to crypto in early 2020, your portfolio probably looks really good today. Whether you should sell and enjoy the spoils or hold on and hope for continued growth is completely up to you.
Crypto investing is best suited for money you’re willing and able to lose – because no one knows what the future holds in the short or long term.
Move over, Bitcoin. Ethereum is at an all-time high
New York (CNN Business) Bitcoin prices continued their rebound Saturday, rising about 6% to nearly $58,000. But the world’s largest cryptocurrency has been overshadowed lately by its younger sibling, Ethereum.
Ethereum, or ether for short, hit a new record high Saturday of just over $2,900. Ether prices have nearly quadrupled in 2021, soaring 290%. Bitcoin has had a great run too this year, doubling in value.
Bitcoin’s XBT The total value of all Ethereum in circulation is now about $333 billion, according to CoinMarketCap market value is nearly $1.1 trillion.
Tesla TSLA MicroStrategy MSTR Square SQ PayPal PYPL Bitcoin has soared this year in part due to increased adoption from corporate America. Musk’sand software firmhave bought bitcoin to hold on their balance sheets. Digital payments giantsandare letting users buy, sell and hold crypto, too.
Four Reason’s Ethereum Is Going To $4,200
April 30, 2021 4 min read
This story originally appeared on MarketBeat
Ethereum $3,000 Is A Stone’s Throw Away
Now that Ethereum (CRYPTO: ETH) is trading at a new all-time high and above the $2,700 level, the question is how high will it go? The simple answer is much, much higher but there are some concrete targets investors, speculators, and traders can target. The very first and most obvious is based on Bitcoin. Ethereum and Bitcoin tend to track each other with Bitcoin leading the way and Bitcoin has far outpaced ETH over the past year. In fact, based on Bitcoin’s 200% increase since it cleared the 2018 high, we think Ethereum should already be trading near $4,200 but that will come in time.
#1 - The Berlin Hardfork Came And Went Without Pause -
The Berlin Hardfork went live on April 15th with hardly a ripple in the market. The fork introduced 4 new EIPs (Ethereum Improvement Protocols) that have been in the works for at least two years. The protocols do a number of things to address gas prices (the cost of using the Ethereum network) including limiting fees for some types of transactions and introducing new transaction types. The updates are the precursor for another EIP hard fork scheduled for later this year, an update that will have a far-reaching impact on ETH availability and pricing.
The London Hardfork will introduce EIP 1559 to the network and seriously cut down on gas fees. The EIP not only takes control of setting fees but will burn or permanently “lose” a portion of each fee once it’s collected. This will work to reduce fees and increase traffic, arguably increasing net earnings for miners, while also reducing the supply of Ether. We think it is a win-win but not everyone in the Ethereum community agrees with us.
#2 - Ethereum Gas Prices Are Already Falling
One of the biggest hurdles for the Ethereum network and its users is gas prices. The fees for transactions have been steadily rising on the force of rising demand and the fact miners are allowed to prioritize higher-paying users over others. The gas price for a transaction hit a high last year and held those levels well into 2021 but that situation is already changing. The price of gas spiked shortly after the Berlin hard fork but has since fallen to the lowest levels in nearly a year. If this trend continues it should help attract more users to the network, users that have been turning to other blockchains because of high prices.
- Ethereum Gains Market Share
Even with the high cost of gas, Ethereum has been gaining market share. The best way to view that is via the market dominance or market cap of the cryptocurrency market. Bitcoin has long been the leader and that is not likely to change soon but it has been losing share over the past year. Bitcoin is losing share not only to Ethereum but to the rise of Defi tokens but let’s focus on Ethereum. Ethereum hit a low point in regards to market share early in 2020 and has seen a steady rise since. This rise is in correlation with several key events including multiple hard-forks and EIPs introductions and doubled ETH’s market share from about 7.5% to nearly 15% today. We expect this trend to continue.
- The Charts, Ethereum Is In The Lead Now
Not only is the chart of Ethereum very bullish, but it shows Ethereum is now leading the market. The price of Bitcoin may be trading at higher level relative to past highs but its price is in consolidation, it is trading below the 30-day moving average, and the indicators are still iffy. Ethereum, on the other hand, is trading at a new high, is trading well above the 30-day moving average, and has bullish indicators. If we were going to bet on one or the other making a strong move higher it would be on Ethereum.
Our first target for major resistance is near $3,350. We get that by projecting the magnitude of the latest rally from the current point of consolidation. Once that target is reached the $4,000 to $4,200 range (200% upside from the 2018 all-time high) comes into view and may be reached before the London hard-fork goes live in July.
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