Ethereum May Be Valuable Now, But Cryptos Can Plummet Fast_Cryptocurrency.Mohoagd

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Ethereum and other cryptocurrencies have a history of drastically falling in value.


When it comes to cryptocurrency, Ethereum  is one of the most well-known names. The Ethereum blockchain's native currency is Ether. These terms, however, are often used interchangeably.


Some people who don't have the funds to purchase a complete Bitcoin  invest in Ether instead. Many cryptocurrency experts feel that Ethereum is one of the greatest blockchain currencies to invest in, and that it will eventually overtake Bitcoin.


I, for one, do not agree with them. Every token has advantages and disadvantages, but I believe Ethereum's disadvantages outweigh its advantages. It's critical to exercise caution when making a purchase. Let's have a look at why Ethereum is so well-known before I share my opinion on the cryptocurrency.


Why Is Ethereum So Famous?


In 2009, Bitcoin was introduced for the first time. After that, more cryptocurrencies were developed but most of them were unable to survive. However, because of its unique properties, Ethereum was able to compete with Bitcoin when it was created in 2015. One of them is that it gives a fantastic development platform.


By market capitalization, Ethereum is now the second most valuable digital token. Ether is currently trading at $3,750. Despite the fact that the price of one Ether is quite low in comparison to Bitcoin, it nevertheless manages to come in second.


Many crypto experts believe that by 2022, this value will have skyrocketed. However, before you begin investing in the token, you should become familiar with Ethereum's drawbacks. After all, not all blockchains are created equal.


Bearish View on Ethereum


Many experts predicted that Ethereum would reach $6,500 by the end of the year, and even higher in early 2022, when the year 2021 began.


Well, if the first forecast is incorrect, the second one may also be incorrect.


Let's take a look at the decline in the value of Ethereum in the final week of 2021.


Ethereum was trading at $4,100 on Dec. 26, which was a positive omen for Ether investors. However, it began to descend again shortly after that. On Dec. 29, it hit a low of under $3,600.


Let's have a peek at its background now. This coin was worth $1,000 in January 2018, yet it had dropped to under $400 in just two months. What a major setback! This cost


Ethereum, on the other hand, made a strong comeback in 2020.


There are striking parallels between the two scenarios. It dropped by a large sum in the blink of an eye, not by a few pennies.


Final Thoughts


The realm of digital coin trading is unpredictably unexpected. You may think you're wealthy one minute, but you're on the verge of becoming bankrupt the next. 


As a result, before investing in any coin, you should be aware of the particular measures to take.


If you're new to the game, you should pay attention to the league's experts, who can inform you when the optimum time is to buy and sell coins. You risk falling behind in the crypto race if you don't.

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