Ethereum offers some great benefits that other cryptocurrencies do not have but that doesn’t mean that it is risk-free.
So, you need to be cautious not only when investing inbut with every other cryptocurrency out there because the market is relatively new and very volatile. Even Bitcoin had seen some rough days, which you should consider before you purchase. Also, there is the problem of hacking, which it hasn’t really happened but that doesn’t mean that it won’t happen. Now to the bigger issue with ETH.
Although 2017 has been a great year for Ethereum, that doesn’t mean that it was a smooth and problem-free year. For example, in June, one ETH was worth $360 but in July it dropped to $180 and that is nearly a 50 percent decrease in price!
Then again in September, it was worth $377 but by the end of September, it dropped to more than 24 percent. You need to understand thathas a high volatility. Despite this, however, ETH should continue to rise in this year as well mainly because its blockchain apps are becoming extremely popular. So all in all, this cryptocurrency is second largest by market cap and has great features as well. You should take everything into consideration – and if you want to read more about them you can click
Image Credit: Descryptive.com
DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at [email protected]