If You Bought $100 Worth of Ethereum a Year Ago, Here’s How Much You’d Have Today – The Motley Fool

If You Bought $100 Worth of Ethereum a Year Ago, Here’s How Much You’d Have Today – The Motley Fool

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?

The Ascent’s picks for the best online stock brokers

Find the best stock broker for you among these top picks. Whether you’re looking for a special sign-up offer, outstanding customer support, $0 commissions, intuitive mobile apps, or more, you’ll find a stock broker to fit your trading needs.

See the picks

How much was Ethereum worth one year ago?

According to Coindesk historical data, a
Source…