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What Is The Best Time To Invest In Ethereum?

Cryptocurrencies like Bitcoin and Ethereum have not escaped the market downturn that has happened in recent months. In reality, several of the top crypto assets have dropped significantly since 2021. In the middle of November, Ethereum, the largest altcoin by market cap, observed its Ether coin hit a worth of around $4,800. By the 24th of January, it had dropped to around $2,200, a decrease of roughly 55%. The question arises whether it is the right time to invest in Ethereum. In this post, we will have a look at that. Let us now get started. 

The Best Time To Invest In Ethereum


Ethereum has a market capitalization of over $300 billion. This is a  blockchain system that allows access to decentralized apps via the Ether coin. Ethereum is a virtual platform that trades or uses smart contracts, NFTs, as well as DeFi applications. For decentralized applications and smart contracts, there is no system bigger than Ethereum. Since its inception, Ethereum has had a significant edge over its competitors. Ethereum skyrocketed last year, starting at around $775 and finishing at almost $3,700. Currently, Ethereum is at $2992. That growth makes it one of the most sought crypto ecosystems among investors.  

The loss was driven by a number of causes, not the slightest of which was a general downturn in the cryptocurrency market. When more individual investors poured in, their fears echoed the fear of investors involved in growth stocks. These particular investors were concerned about the consequences of growing prices and COVID-19 variations on the global economy. Ether together with other cryptocurrencies, plummeted in January 2022 when the Federal Reserve signaled that interest rate rises were progressing. Joe Biden, the President of the United States of America, announced that he will bring an administration for cryptocurrencies. That also influenced Ethereum’s price. 

The Rise & Downturn of Ethereum

 When investors observe such changes, they will see that several of these are being experienced throughout markets. Only Ethereum was not the one to absorb the impact. In reality, Ether has risen around 20%. The Federal Reserve hiked the rate of interest last month, indicating a broader market boom. Higher rates of interest often hit growth companies. However, in that case, the downturns had been valued since January. Consequently, the market perceived increasing rates as beneficial by lowering inflation. The prospect of efficient, more quick rivals cutting into its market share, on the other hand, is genuine. 

With the launch of Ethereum 2.0, Ethereum is attempting to fix this issue. The present PoW process will be replaced by the PoS one on Ethereum 2.0. That may speed up the system, boost transaction capability, reduce expenses, improve security, and reduce energy consumption. Ethereum 2.0 can bridge the gap with its main competitors. Given its low price, anticipated technological advancements, brand, and market domination, Ethereum appears to be an excellent investment in 2022. It is obviously one of the best altcoins in India. Investors and traders from India are really getting into the crypto world. 

Worldwide Uncertainty Is Increasing With Time


In today’s time, a high level of uncertainty is going on. New laws and bad news from all around the world are arriving months after months. Markets are definitely volatile. Therefore, those who want to invest should exercise caution, conduct thorough research, and take a long-term perspective. Taking calculated risks while staying updated with the news, updates and price predictions is a good thing. An online crypto resource can give information on any altcoin price in India. People here can trade with INRs instead of dollars. WazirX, Zebpay and other exchanges are allowing people to do so. 

Ether has always been one of the best cryptocurrencies to trade with. It is an option for long-term investment and not for some months only. Even though you can trust this cryptocurrency while having your eyes closed, make sure you check out the price prediction. At the same time, you may come across another promising cryptocurrency. The best advice would be to create a portfolio. Never go for one cryptocurrency, whether it is Bitcoin or Ethereum. It has been observed that investors who add more than one cryptocurrency are more likely to succeed with cryptocurrencies. Staying updated is also important. 

Final Thoughts

The year 2022 is the best year to invest in Ethereum. You can buy altcoin in India apart from Bitcoin because crypto exchanges in the country are allowing you to do that with INRs instead of dollars. Cryptocurrencies are unpredictable. But, you can make the best out of them if you have the knowledge required to win in the market. That knowledge is available on reputable crypto resources on the internet. Do not expect quick gains from Ethereum as it is a gradually growing digital asset. In case you are looking for quick gains, you can invest in some meme tokens. 

Manoj Singhaniya

Manoj Singhaniya is a professional digital marketing blogger. Have successfully delivered more than 200 articles on content marketing, digital marketing, SEO, SMO, website design and development, etc. to educate, inform, as well as create a positive impact on worldwide users.

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