Ether is one of the cryptocurrencies built on top of the open-source Ethereum blockchain that is running smart contracts. The cryptocurrency is acting as a fuel that is allowing smart contracts to run, unlike bitcoin. It is meant to be a unit of currency on a peer-to-peer payment network. It is a supplying schedule and often described as the minimum necessary to secure the network. It is determined by members of Ethereum’s community. These are having decentralized applications that are based on Ethereum and the cryptocurrency is accounting for the highest percentage of the total funds staked in the Defi projects. Ethereum News is scheduled to make a transition to a proof-of-stake mechanism from the current proof-of-work mechanism in the latter half of 2020.
Ways To Invest In Ethereum
Although no one will be having the chance to buy Ethereum during its token sale ever again and you can get in on enormous ROI, that is not meaning Ethereum can not still be an excellent investment. But today it can be buying in just a few clicks online. There are some of the most common ways to invest in Ethereum.
- Buy and Hold
The buy and hold strategy is a sound, simple one, but it is one of the riskiest strategies for one reason such as volatility. The crypto world is knowing for explosive price action. Ethereum is one-pointed trading at $1,400 per token but eventually, it is dropped to just $80 each. Ethereum rallied from $80 to $380. In 2020, it fell back to $90.
- Trading
- Spot traders can be selling their Ethereum for cash and prevent loss. But there is no way to profit from these downtrends on a spotting platform.
- Traders who bought Ethereum in 2019 low and sold at the high would have $300 in profit. At the 2020 Black Thursday, spot traders could be having purchased Ethereum back for $90, with $290 leftover in profit to spare.
- Ethereum News is derivative trading lets traders profit from drawdowns. They can during uptrends. It is opening a long or short position and traders are profiting no matter which way the market turns.
- Using CFDs are offered by advanced cryptocurrency trading platforms like PrimeXBT, the same $290 profit with leverage that could have resulted in $29,000 earned instead.
- Relying on CFDs beats are holding or spot trading any day in terms of total capital gained. Trading, however, it is coming with risks, so risk management strategies are a must.
If you want to trade this coin, you can check its latest price at https://www.webull.com/quote/ccc-ethusd.
Disclaimer: The analysis information is for reference only and does not constitute an investment recommendation.
