Down 62% From Its Highs, Is Ethereum a Buy Right Now?
There are still plenty of reasons to believe in the second-largest cryptocurrency.
Overview
Last August, Ethereum (CRYPTO: ETH) reached an all-time high of nearly $5,000. Investors were excited, and some analysts were predicting it could surpass $10,000 by the end of the year.
Instead, it went into free fall and sits at about $1,900 at the time of this writing (Aug. 11). The entire crypto market is experiencing a downturn, so this isn't unique to Ethereum. But is this a buying opportunity, or are you better off staying away for now?
Image source: Getty Images.
Details
Source
Originally published at www.fool.com.
Related Articles
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.