Cryptocurrencies are crashing in worth with concern of upper inflation and holders liquidating positions. Right here’s a take a look at how a lot a small funding in a number one cryptocurrency could possibly be value if all-time highs are hit as soon as once more.
What Occurred: Ethereum ETH/USD is among the many cryptocurrencies seeing its worth fall double digits Monday. The worth of Ethereum has dropped to ranges which might be nearing 52-week lows.
Ethereum is buying and selling at $1,241.35 on the time of writing, down 13% within the final 24 hours.
Over the past 52-weeks, Ethereum has traded between $1,186.54 and $4,891.70.
Ethereum, which is the second most respected cryptocurrency behind solely Bitcoin BTC/USD, hit all-time highs again on November 16, 2021.
Associated Hyperlink: How To Buy Ethereum
Investing $100 In Ethereum: A $100 funding in Ethereum as we speak might purchase .08060 ETH primarily based on the present worth.
If Ethereum returns to its all-time excessive of $4,891.70, the $100 funding can be value $394.27, representing a return of 294%.
There is no such thing as a assure that cryptocurrencies will return to ranges seen final November. The article is an train to exhibit how a small funding might add up over time if cryptocurrencies can bounce again.