Ethereum is the second largest cryptocurrency by market cap. Some analysts have gone so far as to predict it might surpass Bitcoin in the future. This article explains what Ethereum is, if it’s worth investing in, and the top places to buy Ethereum if you decide to.
Top places to buy Ethereum now
Plus500
Plus500 is a leading provider of Contracts for Difference (CFDs), delivering Leveraged trading on +2,000 financial instruments, including Forex, Commodities, Indices, Shares, Options and Cryptocurrencies. CySEC license number (#250/14)
eToro
eToro is one of the world's leading multi-asset trading platforms offering some of the lowest commission and fee rates in the industry. It's social copy trading features make it a great choice for those getting started.
What is Ethereum?
Ethereum is an open source, decentralized blockchain system. The Ethereum Mainnet functions as a platform for many other cryptocurrencies and for the execution of decentralized smart contracts.
Ethereum was first described in a 2013 whitepaper by Vitalik Buterin, who secured funding for the project in an online public crowd sale in 2014.
Ethereum’s principal innovation was designing a platform that allowed it to execute smart contracts using the blockchain, which further reinforces the already existing benefits of smart contract technology.
According to cofounder Gavin Wood, Ethereum’s blockchain was designed as a sort of “one computer for the entire planet,” theoretically able to make any program more robust, censorship-resistant and less prone to fraud by running it on a globally distributed network of public nodes.
Ethereum Mainnet hosts hundreds of thousands of ERC-20-compliant tokens, many of which are among the top 100 cryptocurrencies by market cap. These include Tether, Binance Coin, and Chainlink.
Should I buy Ethereum today?
Ethereum can be a lucrative investment, but take the time to read price predictions and take all investment advice with a grain of salt.
Ethereum price prediction
Wallet Investor is extremely bullish on ETH, projecting it could rise to $5,328 this time next year. In 2027, one ether will be worth $16,426.
Digital Coin is more moderate, forecasting the second crypto’s price could average $3,631 this year. They predict an increase to $5,569 in 2025 and $11,384 in 2029.
Finally, Price Prediction projects an average price of $12,391 in 2025. This year, they expect ether to reach $3,848. In 2030, it will be trading for $72,113.
Ethereum on social media
#Ethereum number of addresses holding 0.01+ $ETH just hit a new ATH 📈 pic.twitter.com/kIYbR2chUW
— Crypto-Gucci.eth ᵍᵐ🦇🔊 (@CryptoGucci) February 14, 2022
