Since its inception in July 2015 by Vitalik Buterin, Ethereum has remained one of the most talked-about cryptocurrencies in the world. After Bitcoin, it is the biggest cryptocurrency both in terms of market cap and popularity. The cryptocurrency is so large that at its prime, in 2018, 30% of the crypto market was Ethereum alone. No wonder it’s everyone’s favorite cryptocurrency after Bitcoin.
The Ethereum community describes itself as “a technology that’s home to digital money, global payments, and applications”. Clearly, there’s mass belief in that claim. After all, Ethereum’s value rose from $0.4 (its ICO price) to more than $2000 (in February 2021). This isg a rise of more than 5000 times, which means that the conversion rate for one Ethereum to INR went to as high as INR 1.5 lakhs. This staggering increase in price just goes to show how much important the Ethereum network is to blockchain technology.
Even though Ethereum’s price has multiplied by thousands of times over the years, experts continue to believe that Ethereum is still a great investment. Moreover, the volatile nature of the market makes it a good coin for scalping.
To help you manage your Ethereum investments, here are five things to keep in mind while buying or selling Ethereum.
The volatile nature of cryptocurrencies
By: Skew, CoinDeskIf you want to buy Ethereum for the long haul, you need to understand that cryptocurrencies tend to be volatile in nature. Hence, sudden dips and rises in price can be expected. During those dips, do …
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