Bitcoin is up about 80% for the year, while Ethereum is up about 60%. On the surface, it would appear that Bitcoin is clearly the superior investment in 2023.
At the very top of the ChatGPT's list of cryptos that will explode in 2023 is AiDoge ($AI), a crypto that breaks all records when it comes to its presale.
Whether Ethereum will experience similar returns again is uncertain. But since its price is two and a half times lower than its 2021 peak, investing in it at a bargain price is worth considering. Even if it doesn't see momentous returns, approaching its all-time high again could bring significant yield.
Nonetheless, 2023 seems to be a good year for Bitcoin advocates, who always consider it as a “safe-haven investment” or “digital gold” which can offer investors a good hedging opportunity or attractive return in times of mayhem.
Bitcoin, the world's largest cryptocurrency, has been stealthily rising in 2023. Bitcoin's value could jump to as much as $100,000 by the end of 2024, Standard Chartered said in a note published Monday.
Conclusion: Yes, Ethereum Can Reach $100K
A growing number of them have all agreed that it's merely a case of time before Ethereum potentially surges to $100,000 or more.
It's important to note here that Ethereum losing the entirety of its value is highly unlikely, and the same goes for other popular coins like Bitcoin. We've seen many smaller coins drop to zero, especially those with a very short history in the market.
This price is expected to rise in the on-coming year (2022), with quite a few experts in finance and cryptocurrency believing that ether will overtake bitcoin. Here are a few reasons as to why people believe that Ethereum will overtake bitcoin in the coming future.
High Growth Crypto Coins and ApeMax: 10 Crypto Coins with 1000x Potential with ApeMax, Big Eyes, Ethereum, Shiba Inu, Chainlink and more.
Thousands of alternative currencies are accessible, but we have picked eight that specifically show a massive growth potential in 2023: DigiToads (TOADS), Polygon (MATIC), Chainlink (LINK), Binance Coin (BNB), Dogecoin (DOGE), Solana (SOL), Cardano (ADA), and Lucky Block (LBLOCK).
However, experts believe that due to its unique blockchain and several use cases, Ethereum has a stable future and might even perform better than Bitcoin in future but is unlikely to overtake the price of Bitcoin.
As of January 2023, one Litecoin is worth $82.29. The crypto reached its all-time high in May 2021, with each coin valued at $410.76. The coin is expected to experience similar gains soon, making it one of the top cryptos to keep an eye on. Crypto asset investing is highly volatile and ...
Crypto is notoriously volatile, and Ethereum is no exception. Don't invest anything you can't afford to lose, be sure you're willing to keep your money invested for at least a few years, and prepare for more volatility in the near term. Also, it's wise to ensure that the rest of your portfolio is well diversified.
Likely the greatest advantage Bitcoin has over Ethereum is its simplicity. Bitcoin's value proposition is clear and easy to understand: it is a highly decentralized and secure digital store of value that provides holders with reliability.
As with all investments, the value of ethereum can rise as well as fall. While it is unlikely that ethereum will suffer a complete loss of value, investors must be prepared to suffer drawdowns of between 50% and 80%. We recommend small allocations and diversification of your portfolio.
In other words, if Ethereum tripled in value from its current price of $3,500, it would take around $250,000 to make $1 million. It would also cost 69 ETH to accomplish this. What cryptocurrency will make me a millionaire?
As the world's second-largest crypto coin by market cap, Ethereum proved an excellent investment choice with an impressive five-year return rate. According to data presented by BlockArabia.com, a $1,000 investment in Ethereum five years ago would be worth nearly $195,000 today, bringing a whopping 19,400% gain.
Investing in bitcoin now is a brilliant idea since it's a cryptocurrency with much potential. There are many benefits, like greater security and lower transaction fees, which can help diversify your portfolio. A lot of financial experts say it's an excellent long-term investment.
We predict that 1 BTC will be worth $69,000 in 2030. However, estimates vary widely and $100,000 is possible. Some analysts have predicted that 1 Bitcoin could be worth $1 million by 2030.