Ethereum is an innovative blockchain platform that operates in a decentralized manner, enabling the secure execution and verification of application code known as smart contracts. These smart contracts enable a wide range of possibilities, from decentralized finance to supply chain management and beyond.
In mid-January 2024, the Ethereum Coin experienced substantial gains. This surge was triggered by the historic approval of 11 spot Bitcoin (BTC) ETFs by the Securities and Exchange Commission (SEC). However, shortly after, the price of the ETH Coin encountered a subsequent dip.
Still, the price of the ETH Coin is in the green, with 2.44% up in the daily charts, 8.03% in the 7-day charts, and almost 11% over the past month. Furthermore, the price of the ETH Coin is up by 45% since January 2023.
Also Read: Ethereum (ETH) Price Prediction
How $100 Weekly Investments in Ethereum Could Have Made You $7.8 Million!
If you had been investing $100 weekly into the Ethereum Coin since its launch in August 2014, you would have put in a total of $44,400 up till now. However, the value of your portfolio would have skyrocketed with an incredible surge of $7.8 million, representing a rise of about 17,550%.
However, if you had consistently invested $100 weekly in Ethereum (ETH) until it reached its all-time high of $4,878.26 on Nov. 10, 2021. In that case, you would have invested a total of $32,700. However, the value of your portfolio would have skyrocketed with an impressive rise of $16.66 million, experiencing an extraordinary growth rate of over 50,000%.
Also Read: Ethereum (ETH): ETH Predicted to Hit $4,000, Find out When
Is it Still Possible to Become a Millionaire with ETH?
The Ethereum (ETH) Coin has currently experienced a significant decline of over 51% from its ATH level, which was achieved in 2021. However, many crypto analysts and platforms are bullish about the future performance of the Ethereum project.
The Ethereum platform is one of the most vibrant and actively developed cryptocurrency projects, boasting a wide range of applications and attracting a high level of interest from developers.
According to a report by global financial institution Standard Chartered, the ETH Coin is predicted to reach $8,000 by 2026, reflecting a growth of approximately 238%.
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Additionally, the report suggests that in the long run, the ETH Coin could potentially reach an impressive price of $35,000, indicating a growth of over 1380% from current levels.
How High Ethereum Can Go in 2024
At the time of writing, the ETH Coin is trading around $2,434.32 with a 2.40% rise in the last 24 hours. The Ethereum Coin is the second-largest cryptocurrency project with a $292 million market cap.
As per our expert’s technical and price analysis, the ETH Coin is expected to reach a maximum price level of $4,508.34 with an average price value of $4,083.02 by the end of 2024. The minimum price level of the Ethereum Coin can go as low as $3,827.83 in 2024 if the crypto market faces any major bearish event.
Also Read: Cardano (ADA) Poised for Massive Growth: Potential Surge of 1,767% to $7.92! Find Out Why?
Disclaimer
The information in this article should not be considered financial advice, and the OvenAdd platform is intended only to provide educational and general information. Please conduct your own research and consult a financial advisor before making any investment choices.
