Ethereum was introduced as a crypto currency in 2015. Currently, the actual utilization is at the starting point, which means that it still has the potential to grow. The current price of Ethereum has dropped after reaching a high at $1200. But still many investors have the stance that it will rise in future as well.
If the online predictions for ethereum take into consideration, it is seen that it has a potential to rise in the future. Some of the predictions are that will rise to around $2000 at the end of the year. Similarly, if this trend continues, it will be around $5500 to $5800 after five years.
Another main reason for the interest of the investors is that, ethereum news today is still at starting point and it has a lot of potential to grow in future. As the utilization of Ethereum will improve, so will be the price.
Moreover, Ethereum is listed by many exchanges as a crypto currency. And from those exchanges, can be bought easily. At the exchanges, Ethereum can be exchanged with any other crypto currency as well.
As far as the future predictions are concerned, Ethereum is considered one of the best crypto currencies to invest in, keeping in mind the previous increasing trend in the prices of. Ethereum is good for long-term investment. It is seen in the trend that the prices may fluctuate a lot in the short term. But it would be profitable in the long term investment.
How to use Ethereum?
Just like other digital currencies, Ethereum is also stored in a wallet. These wallets can be hardware, software, desktop, and paper wallets. Ethereum can be exchanged for money and for other currencies as well. A private code is generated at the wallet, which is used to access the wallet. By having access to your wallet, you can trade with how to use ethereum. The hardware wallet is the safest option of the Ethereum wallet followed by desktop wallet, mobile application wallet and paper wallet. And the web wallet is the least secure because the key is kept by the third parties.
It is expected that Ethereum will be the second most valuable digital currency in the market due to its long term rising trend. This is because Ethereum has the potential to go up over the coming years.