ETH - 3 Must-Know Facts About Ethereum Before You Buy the Cryptocurrency
2024-04-21 09:08:00 ET
With a current market cap (as of the afternoon of April 17) of $360 billion, Ethereum (CRYPTO: ETH) is the world's second most valuable cryptocurrency. It's behind only Bitcoin when it comes to market domination.
Just in the past five years, Ethereum 's native token has skyrocketed nearly 1,700% in value. That would have turned an initial $1,000 investment into a jaw-dropping $18,000 balance today.
Ethereum has also been on a fantastic run since the start of 2023, benefiting from the broader crypto market's rally. But this digital asset remains 36% off its high. Before you rush to buy the dip, here are three things you should know about Ethereum.
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3 Must-Know Facts About Ethereum, Before You Buy the Cryptocurrency