Ethereum is probably the best known cryptocurrency alongside Bitcoin. Despite the fact that its market value differs considerably from the value of Satoshi Nakamoto's coin, the truth is that it is one of the assets with the highest value. His departure dates back to 2015, the year in which the cryptocurrency boom accelerated. At that time, its price was around 0.60 euros . After 5 years, its value has increased to 161 euros. Starting from this premise, it is unavoidable to ask yourself what presides over this article: how much money would you have if you had invested 100 euros in Ethereum in 2015?
This is what you would have if you had invested 100 euros in Ethereum 5 years ago
Let's go to October 2015, the month in which Ethereum reached its historical minimum value, about 0.38 euros. At that time, the coin had only been on the market for 2 months and its average value was 0.55 euros. In other words, if we had invested 100 euros we would have obtained a total of 55 ETH , saving the commissions of the different trading platforms.
The red dot represents the minimum value of Ethereum throughout its history.
Just 3 years later, in January 2018, the coin reached its highest value in the history of Ethereum, about 1,187 euros. If we had sold our 55 ETH at that time we would have obtained a return of… 65,285 euros! Around a 1,200% surplus. There is nothing.
That same year, the currency again reached its minimum. In December 2018, the value of Ethereum as a virtual asset did not reach 83 euros. Had we sold at this time we would have obtained only 4,565 euros , a figure that is far from the almost 70,000 euros that we would have obtained in the boom period.
And we come to 2020, the year in which the world of cryptocurrencies is not going through its best moment. The reason is probably due to the economic crisis caused by the coronavirus. The current value of the coin is around 170 euros. The operation is simple, 170 multiplied by 55 gives us ... About 9,350 euros , far behind the 65,000 euros in 2018.
If you are going to sell Ethereum wait until May
Next May will take place one of the most anticipated events of 2020. And it is neither more nor less than the Bitcoin Halving , a process that will be held on May 23 all over the world .
ASIC, a device designed to mine cryptocurrencies efficiently.
This process consists of reallocating the rewards granted to all those who are dedicated to mining Bitcoin in half. Currently, the fixed reward is 12.5 BTC. After the Bitcoin Halving , the figure will be fixed at 6.25 BTC , which will end up having an impact on the market value of the currency, and therefore, on the rest of the market values, among which is Ethereum. It is a fact, Bitcoin is the mother currency, therefore, all values depend on the evolution of said asset.
Some experts say that Bitcoin could exceed $ 20,000 in price , about 18,400 euros to change. Currently the Bitcoin is at 6,544 euros. Such growth would mean raising its value 2.8 times. If we apply this scale to Ethereum we would obtain a market value of 476 euros. That is, if we had 55 ETH in our portfolio we would get 26,180 euros .
In any case, neither of these assumptions is safe. In view of the fact that the value will grow in the coming months, from tuexperto.com we cannot recommend more than to wait. It is worth saying that now is one of the best times to invest in this type of assets, given their bearish value since the coronavirus crisis was established in the markets .