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What is Ethereum - ETH

What is Ethereum - How to invest in Ethereum

This article is for you to learn more about cryptocurrencies, their history, explain their basic working principles, and how to start your investment in them.

Today we will talk about one of the most famous altcoins, the second most expensive digital coin by Capital Market, and the fierce competitor to Bitcoin, Ethereum ( ETH ).

What is Ethereum?

The first appearance of Ethereum was in 2015, and its price then was $ 0.00048, and it was the second successful cryptocurrency by market capitalization after Bitcoin. Ethereum is a decentralized and open-source currency developed by the Russian developer Vitalik Buterin.

Ethereum or ETH, its capitalization has crossed $500 million, and it is the second most valuable cryptocurrency after Bitcoin, and it is number one in Altcoins or alternative digital currencies. Ethereum has many uses that made it enjoy this capital value, most notably buying and selling operations (whether regularly or on the deep web). Also, advanced projects such as NFT depend entirely on Ethereum.

Ethereum price history

Ethereum has had a history of significant growth between seasons, as it did not have huge fluctuations, as happened with Bitcoin in 2007, 2013, and 2021. Perhaps the fate of its price awaited practitioners of the field of online trading.

2015: The beginning of Ethereum, and its price at the time was only $0.00048 during its inception. Ethereum gained some support in its start, reaching its price up to $1.25 with a significant advance in August 2015. However, its price quickly declined to 0.90 in December 2015.

2016: There weren't many changes in 2016 for Ethereum, only a price swing between $0.6 and $0.8, that considered an ordinary swing for the cryptocurrency.

2017: The beginning of its popularity and the obsession of investors, in January 2017, the price of Ethereum reached $10.50, and by August of the same year, the price increased to $380. Here, the actual launch of Ethereum as a rival to Bitcoin began.

January 2018: The massive rise of Ethereum witnessed its climax in January of 2018, as its price reached $1,066, which is the highest value that Ethereum will ever attain until 2021.

Ethereum experienced a decline between 2018 and 2020 due to private sales in this currency (Oversold). Especially from the initial investors of this currency.

January 2021: Ethereum price reached $1,385 by the end of this month and $730 from its beginning. After that, it witnessed constant progress until May 12, 2021, when it reached $3918. Then it decreased to $1829 in June 2021. Three months later, Ethereum's price increased again to attain $4644 in November 2021. Today, February 24, 2022, its price is $2435.

Is investing in Ethereum worth it?

The essential question that you need to answer before starting investing in Ethereum. Assuming the previous predictions, we can say that Ethereum will rise by 400% by 2025. So, if you invest $1,000 now, you will have $5,000 in your hands with a net profit of $4,000 (If we assume that its price is forward and will not decline).

The best way to invest in Ethereum and make good earnings is through stacking; The profits are added to the investment capital, not withdrawn. Here we explain what is Ethereum Stacking.

How to invest in Ethereum?

To start investing in Ethereum, we suggest that you read our article entitled How to invest in cryptocurrencies which will help you begin your career in crypto investment. 

For Ethereum, here are the best platforms that you can start from them:

• Binance: It is the best option to start investing in Ethereum. After creating an account, you can then buy Ethereum using your bank card and your local currency. Also, you can convert other cryptocurrencies such as Bitcoin to Ethereum through Binance. You can then buy and sell Ethereum and withdraw your money as well.

• Blockfolio: Many people underestimate this platform, but it is simple and easy to invest in cryptocurrencies, especially for beginners. Through Blockfolio, you can buy Ethereum, invest it and trade it directly. There is no minimum withdrawal or listing, and you can even invest 1$ Ethereum (But there are Fees).

• Coinabase: Coinbase has become one of the powerful platforms used for investing in cryptocurrencies. You can now buy crypto of various types, including Ethereum, then store them on your Coinbase, and you can also transfer them to other platforms such as Binance to easily trade crypto.

These platforms can make you buy Ethereum through your bank card using Dollars or your local currency, or even change cryptocurrencies like Bitcoin to Ethereum and start investing in Ethereum. You can also rely on crypto apps to monitor the progress of Ethereum, get good Signals to invest in or withdraw, and more.