ETH - If You Invested $1000 in Ethereum in 2019 This Is How Much You'd Have Now
2024-02-04 06:18:00 ET
Despite its gut-wrenching volatility, ongoing regulatory uncertainty, and questionable utility, the cryptocurrency market doesn't seem to be going away anytime soon. Investors will continue to try to find winners among the wild asset class.
Ethereum (CRYPTO: ETH) might make for a smart choice. This blockchain network has seen its price soar historically. If you were smart enough to invest $1,000 in Ethereum five years ago in early 2019, you'd be sitting on a balance of $21,500 today. That translates to a ridiculously large gain of over 2,000%, which crushes the broader Nasdaq Composite index.
Let's take a closer look at Ethereum's past, while trying to figure out what investors can expect going forward.
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If You Invested $1,000 in Ethereum in 2019, This Is How Much You'd Have Now