Why Ethereum Is A No-Brainer Crypto To Buy Right Now

Last Updated March 9th 2022
3 Min Read

Key Points:

  • Ethereum’s first-mover advantage and the massive value of its token have positioned it for long-term success.
  • The launch of ETH2.0 will give the cryptocurrency a boost, making this the right time to buy ETH. 
  • Ethereum would see a wider adoption in the coming year by institutional and individual investors.

There are a few simple reasons why investors should consider buying Ether now.

Despite all the recent market pullbacks, 2022 appears to be an excellent year for Ethereum (ETH) with its upcoming upgrades and developments. The digital asset has made massive disruptions in the financial and tech world, making Ethereum one of the top no-brainer cryptocurrencies to consider right now. Let us see what pushes the value of ETH to soar higher in the future.

Ethereum - The Most Popular Programmable Blockchain

Ethereum is emerging as the future-ready blockchain, making ETH a good buy now.

Ethereum is a decentralized, open-source technology that has several uses and applications across the tech world, especially for gaming, music, entertainment, and decentralized finance (DeFi). Along with its native token Ether (ETH), the network also hosts everything from decentralized finance applications and non-fungible tokens (NFTs) to enterprise blockchain solutions. This makes Ethereum one of the most popular and widely-adopted cryptocurrencies in the market. 

Moreover, ETH has grown immensely in value since its inception. The token fuels the entire Ethereum network and is the second most popular cryptocurrency based on market cap. Apart from this, almost all DeFi projects rely on Ethereum, which grants the network access to a wider audience of users, currencies, nodes, and markets. 

Why Buy Ethereum Now?: Experts Comments 

The price of ETH could reach new all-time highs in 2022, making this the right time to invest in it.

Investors and crypto analysts are quite bullish about the price of ETH in 2022 and beyond. 

Henri Arslanian, global crypto leader of the professional services firm PwC, commented that “Ethereum has over 90% of the NFT market. This is going to be a very important year for Ethereum, a kind of a make-or-break year.”

While Coinpedia predicts that “ETH could end 2022 between $6,500 and $7,500 if the same bullish upswing that started in mid-2021 were to continue. It could even reach a higher price of $12,962.33 if the network’s upcoming transition to Ethereum 2.0 is successful.”

Don't Miss: Ethereum (ETH) Price Prediction

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

The Expected Launch Of ETH 2.0

The launch of Ethereum 2.0 would push the price of ETH, boosting its investability quotient.  

Ethereum is now gearing up to launch its much-awaited Ethereum 2.0 upgrade this year. This will substantially overhaul the network and address some of the crucial issues pertaining to blockchains like scalability, high gas fees, and congestion in the network. 

Moreover, this will merge the beacon chain with the Ethereum mainnet and fully switch the network to Proof-of-Stake (PoS) protocol. Therefore, Ethereum’s blockchain will become much faster, more scalable, less energy-intensive, sustainable, and have significantly lower transaction costs. 

Should You Buy ETH Now?

Invest in ETH now and be a significant part of the rapidly growing DeFi ecosystem. 

With the launch of the second phase of the Ethereum 2.0 upgrade, the network is going to be more appealing and sustainable for widespread use. Studies predict that over 82% of institutional investors plan to increase exposure to digital assets by 2023. Given Ethereum’s efficiency and popularity, these big-money movers would add to the demand for Ether.

Moreover, several fascinating new projects, like microgrids, charging stations for electric vehicles, crypto-collectibles, home mortgages, health care records, and many more, are being built on Ethereum. Therefore, the network is advancing far beyond the realm of enabling quick monetary transfers like BTC or even smart contracts. It is rapidly evolving into a highly potential ecosystem where decentralized digital infrastructures and marketplaces are being developed on the network.

That's why we think now could be the perfect time for you to start building your own stake in Ethereum crypto. Especially given the coin looks to be trading on a cheap valuation.

Read Also: The 5 Best Ways To Buy Ethereum (ETH) Now

Ethereum is dedicatedly working to develop the infrastructure on which the future vision of Web3.0 could be built. Thanks to its advanced technology, Ethereum remains one of the top no-brainer cryptocurrencies to consider now. 

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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