Stocks and Investing Stocks and Investing
Sun, January 19, 2025
Sat, January 18, 2025
Fri, January 17, 2025

Should You Buy Ethereum While It's Under $3,500?


Published on 2025-01-18 16:41:22 - MSN
  Print publication without navigation

  • Ethereum (CRYPTO: ETH) cryptocurrency had gained 37% in a year. It was a wild ride along the way, however, with coin prices ranging from $2,220 to $4,070. All told, the second-largest name in crypto barely managed to outperform a stellar showing by the S&P 500 stock market index over the same period.

The article from MSN Money discusses whether one should invest in Ethereum while its price is below $3,500. It highlights Ethereum's significant role in the blockchain ecosystem, particularly due to its smart contract functionality which has led to the creation of numerous decentralized applications (dApps) and decentralized finance (DeFi) platforms. The piece points out Ethereum's recent upgrades, like the transition to Ethereum 2.0 with proof-of-stake, which aims to improve scalability, security, and sustainability. Despite these advancements, the article notes the volatility and regulatory uncertainties surrounding cryptocurrencies. It suggests that while Ethereum has strong fundamentals and potential for growth, potential investors should consider their risk tolerance, investment horizon, and the broader market conditions before deciding to buy. The article also mentions the competition from other blockchain platforms and the ongoing debate about Ethereum's future value, advising a cautious approach to investment in this asset.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/savingandinvesting/should-you-buy-ethereum-while-it-s-under-3-500/ar-AA1xqQSp ]
Contributing Sources