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Ethereum, however, is making moves to make the technology more energy efficient. Ether surging to a new all-time high has caught many cryptocurrency investors' attention. However, several reasons are attributed to the recent surge above the $1,600 and $1,700 levels. Unlike in the past, the more Ethereum is adopted, the more Ether is burned in the form of fees. Ethereum (ETH -0.47%) has been making waves in the crypto world, rivaling Bitcoin (BTC -0.29%) as one of the most popular cryptocurrencies. This is one more reason why 2023might be a good time to buy Ethereum and participate in the termination of censorship. For the second time this year, Ethereum's price is soaring. The upside could be rewarding, but you should also be prepared for significant downturns, including a complete loss. Comparative assessments and other editorial opinions are those of U.S. News Collectively, we have over 25 years of experience in the crypto world and are all passionate about guiding people through the complex world of crypto investing. Investing in Ethereum is risky, but it could potentially be lucrative. There are plans to indirectly lower prices through higher transaction throughput, but that will require implementing unproven technology that isnt yet available. Last year, the Fed cranked up interest rates eight times since March 2022, including four consecutive 0.75 percent base points increases to tackle inflation. Dont leave your crypto assets on exchange platforms. How High Can Ethereum Go? Price Predictions Benzinga This implies that you may purchase several coins at a significantly lower cost. What are the differences between Bitcoin and Ethereum. In September, Securities and Exchange Commission Chair Gary Gensler suggested that cryptocurrencies such as Ethereum could be considered a security, which would make them subject to SEC regulations. One of the only things standing in the way of Ethereum's continued meteoric rise is the amount of success it is currently experiencing. The scoring formula for online brokers and robo-advisors takes into account over 15 factors, including account fees and minimums, investment choices, customer support and mobile app capabilities. Master limited partnerships offer reliable and robust payouts for investors. This is why Ethereum is a good investment if youre interested in investing in cryptocurrencies beyond Bitcoin. A self-directed IRA can make sense in some situations, but investors must also understand the drawbacks. Uncertainty, even about government regulation, leads to a murkier investment environment. Ethereum Price Prediction | Is Ethereum a Good Investment? - Capital But the decentralized Ethereum network also makes it possible to create and run applications, smart contracts and other transactions on . Ultimately, the debate between Bitcoin and Ethereum as investments comes down to an investor's risk profile. All rights reserved. In 2021, ethereum gained more than 400% in value, handily outperforming bitcoin's modest 62% rise (as of Dec. 31). Of course, if Vitalik manages to release these updates on time, the value and price of Ethereum will increase significantly. Is ethereum a good investment in 2021? Will ethereum Rise Again - Quora In fact, over the course of 2018, Ethereum's price plummeted by nearly 94%. Investing in cryptocurrency can come with hefty taxes, which could limit the number of people willing to invest. The Ethereum network can be used for the creation and trading of non-fungible tokens, or NFTs. Ethereum allows computer programs to run smart contracts..