Ethereum (ETH) Cryptocurrrency: Is It A Buy Right Now?

Last Updated March 24th 2022
4 Min Read

Ethereum crypto now offers a good balance of risks and rewards, according to experts. Ether (ETH) represents a good buying opportunity following a decline that has left its coins down 45% since last year to date. 

Wondering 'is Ethereum a good buy?'You're on the right page, In this article, Before you put your money on Ethereum, here’s everything you need to know about the leading DeFi crypto asset.

Blockchain technology and cryptocurrencies have disrupted traditional finance for good. One core crypto which deserves most of the credit for introducing the world to decentralized finance is Ethereum (ETH), which saw a sharp price hike in 2021. Although the crypto is trading low compared to its rally last year, investors are curious to know if Ethereum is a buy, hold or sell right now. 

Ethereum technology is at the core of most blockchain applications. Experts predict that it could grow in value by as much as 400% in 2022. With its upcoming upgrades and coalitions, 2022 appears to be an excellent year for ETH.

A Market-Beating Cryptocurrency — But For How Much Longer?

Ethereum’s first-mover advantage and the high value of ETH tokens have positioned it for long-term success.

Ethereum is the decentralized, open-source technology that fuels much of the crypto world. A host of decentralized finance (DeFi) applications, non-fungible tokens (NFTs), and enterprise solutions rely on the Ethereum network. Altogether, it has powered Ether as the second-largest cryptocurrency after Bitcoin. 

Ethereum is a market-beating cryptocurrency for a reason. It has several fascinating projects like charging stations for electric vehicles, crypto-collectibles, home mortgages, health care records, and microgrids built on Ethereum. The crypto is growing far beyond the realm of quick monetary transfers that limit other cryptocurrencies and even smart contracts.

Ethereum has also seen a drastic surge in use and demands on its network over the past 18 months. Today, several institutional adopters are looking forward to investing in Ethereum. Since it ensures secure information sharing, ETH is thus widely being adopted in banking systems and other sectors to ensure a hack-free environment. 

Check Out: How to Make (or Lose) Money with Ethereum (ETH)?

The Road Ahead For Ethereum

Ethereum is well-positioned as a top investment choice, thanks to the soaring popularity of NFTs, DeFi, and other applications.  

Ether (ETH) has grown immensely in value since its inception. The team has an array of plans in the pipeline for Ethereum. Let’s see what makes ETH a good buy in 2022. 

The Launch Of Ethereum 2.0

Ethereum’s much-awaited move to the Proof-of-Stake model would most likely lead to an increase in the price of ETH. With Ethereum 2.0, the network would become more energy-efficient and scalable. This would make Ethereum more appealing and sustainable for widespread use. The move intends to help Ethereum scale, reduce gas gees, and increase transaction time and is expected to be completed by 2022.

The Rapidly Growing DeFi Ecosystem 

An incredible number of activities have been created alone on Ethereum’s DeFi ecosystem and it is growing at a rapid pace. It has the most substantial everyday exchange volume and application utilization compared to several other networks. The sterling growth of the DeFi Ethereum ecosystem is solidifying Ethereum’s position as the best cryptocurrency to buy now. 

buy eth

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

The Boom Of NFT

ETH’s price also stems from the latest wave of investor interest in NFTs. Ethereum has over 90% of the NFT market. The rising popularity of NFTs has certainly made ETH a good buy now. Ether has outperformed Bitcoin gaining over 1025% last year as the majority of the NFTs reside on top of the Ethereum blockchain. This budding digital asset segment has created a surging demand for transactions on Ethereum, pushing the price of ETH to new highs. 

Is Ethereum A Buy?

Ethereum is a buy right now. There are over 3,000 dApps across 16 major blockchains, and over 2,800 of them are based on the Ethereum network. These have a total of over 100,000 daily active users. Moreover, the rising popularity of NFTs and DeFi will eventually boost Ethereum’s user base in the coming future. Ethereum also has numerous uses and applications across the tech world, especially for gaming, music, entertainment, and decentralized finance, making it one of the top widely-used cryptos this past year.

The Ethereum blockchain has birthed a consistently growing alternative financial system, ranking it higher than most other finance platforms. Reports suggest that ETH will reach the $10K price point soon after the launch of ETH 2.0. Its crucial role in creating NFTs and dApps, and its innovative potential after transitioning into a PoS network makes Ethereum the top cryptocurrency investment of the year. If Ethereum could maintain its consistent rally and development, the long-anticipated "flippening," where Ethereum's market cap surpasses that of Bitcoin, might happen within a few years. 

Thirty-one analysts rate Ether a buy or strong buy. Overall Ethereum cryptocurrency appears to be a good investment. Experts who follow the cryptocurrency market have high expectations for Ethereum. The continuous demand from institutional investors has made Ethereum one of the top cryptocurrencies to buy now.

They project that Ether could perform very well in the long-term. According to its predictions, the value of the Ethereum crypto could go up to $5,450 by the very end of 2022, increasing to $7,660 in 2023, and achieving a mean price of $12,500 by 2025.

Don't Miss: Ethereum (ETH) Price Prediction

A Cryptocurrency Under Close Watch — Now And Always

Today, decentralized digital infrastructures and marketplaces are being developed on the Ethereum network. This has left many investors wondering if ETH is a buy, hold or sell right now. Despite Ethereum’s competition, the market downturn, and other factors contributing to its ongoing volatility, there is still a general sense of optimism that the original smart contract blockchain will make it through this era of trials. 

Moreover, Ethereum would play a significant role in the future of finance and other industries, making Ethereum a potentially profitable addition to your investment portfolio.

eToro – The Top Platform To Buy Ethereum 

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

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