Ethereum’s market value is over $296 billion1. You might be surprised to know you can buy just $1 of it. The price of Ethereum is $2,448.48, but it has dropped by 6.00% in 24 hours1. Many exchanges now let you buy Ethereum in small amounts. This makes it easy for anyone to invest, no matter their budget.
The Ethereum network has seen big upgrades, like the Dencun upgrade in mid-March 20241. The SEC also approved spot Ether ETFs in May 20241. This has made investors more confident. You can trade Ethereum on platforms like Coinbase, Binance, Kraken, and eToro1. This makes it simple to start investing in Ethereum.
Key Takeaways
- You can purchase as little as $100 worth of Ethereum on many exchanges, as they allow fractional Ethereum purchases1
- Nexo is a platform that allows users to start buying Ethereum with as little as $12
- Ethereum has a massive market capitalization of over $296 billion, making it the second-largest cryptocurrency1
- Recent Ethereum network upgrades and regulatory approvals have positively impacted investor confidence1
- Secure hardware (Ledger Nano S) and software (ZenGo) wallets are recommended for storing Ethereum1
What is Ethereum (ETH)?
Ethereum is a decentralized open-source2 blockchain system. It has its own cryptocurrency, Ether (ETH)2. It’s a platform for many other cryptocurrencies and smart contracts.
Ethereum’s Origins and Funding
Vitalik Buterin outlined Ethereum in a 2013 whitepaper. The team raised $18.3 million in Bitcoin for it in 20142.
Ethereum is open-source and focuses on decentralized apps. It’s a big name in the2 cryptocurrency world. Its unique features and growing use are changing digital finance and computing.
Ethereum is the second-largest cryptocurrency by market cap1. It has grown a lot over the years1. New upgrades and approvals have made investors more confident in it1.
Knowing about Ethereum is useful for anyone in digital finance21. It helps you understand the fast-changing world of cryptocurrencies.
How to Buy Ethereum (ETH)
If you want to invest in Ethereum (ETH), you need to take a few steps. First, pick a trusted cryptocurrency exchange or broker like Coinbase, Kraken, or eToro3. These places are safe and easy to use for buying, selling, and keeping your Ethereum.
Then, make an account on the exchange and verify it. This is to follow KYC rules. After your account is ready, you can add money using a bank transfer, card, or other ways3.
With money in your account, you can buy Ethereum. You can buy a certain amount of ETH or a part of it4. Ethereum’s price hit $4,810 in September 20214. Now, it’s $2,3924. It grew 20% in December 2023 and 105% this year4.
Lastly, store your Ethereum safely in a wallet. Good choices are Ledger Nano S for hardware or ZenGo for software3. Remember, Ethereum deals can’t be undone, so keep your investment safe3.
By doing these steps, you can begin your Ethereum investment journey. You’ll get to see the exciting world of blockchain technology43.
Can I buy $1 Ethereum?
Investing in Ethereum (ETH) is possible for beginners or those with a small budget. You might not buy exactly $1 worth of Ethereum because of fees and minimums2. But, many places let you buy Ethereum in small amounts.
For example, Nexo lets you start with $1 and buy up to $15,000 in one go2. This makes it easy to begin with Ethereum, even if you only have a little money.
Big names like Coinbase, Kraken, and eToro let you buy Ethereum in small pieces1. You can buy as little as $100 worth of Ether at a time1. This way, you can start small and still explore Ethereum.
But, remember, fees can take a big chunk out of your $11. Still, buying small amounts of Ethereum can help you grow your portfolio over time2. This way, you can slowly get more into Ethereum and maybe see it grow in value.
Where to Buy Ethereum (ETH)
Looking to buy Ethereum (ETH)? Check out Coinbase, Kraken, and eToro5. These sites let you buy Ether and other cryptos. They work like stock brokers, helping you trade digital assets.
Ethereum is about $2,441.74 now and has dropped by -8.1% in a week5. There are 120,369,473.88 Ethereum tokens out there5. The price has gone up by 3.801% this year5. You can even buy $2 worth of Ethereum on ChangeNOW5.
Ethereum Exchanges and Platforms
For buying Ethereum, Coinbase, Kraken, and eToro are good choices5. They have easy-to-use sites, strong security, and lots of digital assets. ChangeNOW also lets you buy Ethereum in small amounts, making it easy for everyone5.
After the merge, Ethereum uses less energy, dropping by ~99.95%5. On ChangeNOW, transactions settle in 5 minutes, and you get your tokens in 10 minutes5. The current price of 1 ETH is around $2,441.74 on CoinMarketCap5.
Ethereum gas fees change with how busy the network is5. Mining Ethereum is different now, needing validators to hold ETH as collateral5.
ChangeNOW supports over 60 fiat currencies for buying Ethereum5. Ethereum 2.0 is a big update, making Ethereum more scalable and secure5.
Bitcoin and Ethereum serve different purposes. Bitcoin is for storing value and trading, while Ethereum is for smart contracts and DApps5. Always check Ethereum’s price charts before making a decision5.
Ethereum is the second-biggest crypto by market cap6. It was created in 2015 by Vitalik Buterin, who was just 196. Ethereum introduced smart contracts, which are programs that run on its network6.
Ethereum’s native coin is called Ether (ETH)6. It uses a Proof-of-Stake model, which is much more energy-efficient than Bitcoin’s6.
More than 20 coins on CoinJar, including big DeFi projects, follow Ethereum’s ERC-20 standard6. NFTs were made possible by Ethereum’s ERC-721 standard6. Ethereum has a system where some ETH is burned in every transaction to fight inflation6.
Gas fees on Ethereum go up when it gets busy6. Paris Hilton invested in Ethereum in 2016 and made money6. Pop culture references have helped make Ethereum more popular6. The younger generation is interested in Ethereum because it’s seen as cool6. CoinJar is a place where you can buy Ethereum, keep it safe, and use it65.
Best Crypto Wallets for Ethereum
When it comes to keeping your Ethereum (ETH) safe, think about using a Ledger Nano S or ZenGo7. Hardware wallets are physical and keep your private keys offline. This makes them very secure against hackers. Software wallets, like ZenGo, let you access your ETH online but are riskier.
Both Ledger Nano S and ZenGo have strong security features. They help protect your Ethereum investments well.
Hardware Wallets for Ethereum
The Ledger Nano S is a top choice for a hardware wallet. It’s made by SatoshiLabs and has a special PIN for extra security7. It keeps your Ethereum and other coins safe offline. This makes it a great pick for those who want their Ethereum wallets to be very safe.
Software Wallets for Ethereum
ZenGo is a software wallet that’s easy to use7. It’s designed for mobile devices and is known for being simple and secure. It uses biometric authentication and advanced tech to keep your Ethereum safe.
Choosing the right Ethereum wallet is key. Look at security, how easy it is to use, and how well it works7. Options like Ledger Nano S and ZenGo can help you find the best wallet for your Ethereum and other digital coins.
Ethereum Network Upgrades
Ethereum is the second-largest cryptocurrency. It has had many upgrades to improve its use and growth8. The London hard fork in August 2021 was a big step. It introduced EIP-1559, which burns some transaction fees.
This could make Ethereum less common over time8.
Enhancing Ethereum’s Efficiency
The London hard fork and other upgrades have made Ethereum better. They have improved its speed, size, and how users interact with it8. This has helped Ethereum-based apps like DeFi and NFTs grow a lot.
The Dencun upgrade in March 2024 could make Ethereum even better. It might push the price above $3,8008.
Ethereum Layer 2 Altcoins
There are also new altcoins built on Ethereum. They aim to make Ethereum faster and cheaper8. Some top ones include xDai, Loopring, Matic Network, OMG Network, and Immutable X8.
There are also altcoins under $1 that are getting attention. These include Skale, Loopring, Mantle, Myria, and Gelato8. They offer new ways to make Ethereum work better and cheaper for users9.
| Cryptocurrency | Price | Price Change (24h) | Market Cap | Rank |
|---|---|---|---|---|
| Skale (SKL) | $0.1054 | -5.76% | $546 million | 140 |
| Loopring (LRC) | $0.3503 | -7.03% | $478 million | 154 |
| Mantle (MNT) | $1.01 | 12.24% | N/A | N/A |
| Myria (MYRIA) | $0.01454 | 2.17% | N/A | N/A |
| Gelato (GEL) | $0.7671 | 5.28% | $84 million | N/A |
The upgrades and new altcoins have helped Ethereum grow a lot8. As Ethereum gets better, we can expect more efficient and scalable use. This will lead to new and exciting apps on this blockchain98.
The Ethereum Merge
In September 2022, Ethereum made a big change. It moved from proof-of-work (PoW) to proof-of-stake (PoS). This cut its energy use and harm to the environment a lot10.
The Merge was a big win for Ethereum. Its energy use and carbon footprint fell by 99.99%10. Before, Ethereum used 93.98 terawatts of energy yearly. Now, it uses only 0.01 terawatts10.
This big drop makes Ethereum better for the planet. It could also draw in more investors who care about the environment.
Transitioning to Proof of Stake
The Ethereum Merge also changed how tokens are made. Before, Ethereum didn’t limit its supply, causing worries about inflation10. Now, users can earn interest by staking their Ether, called staking rewards10.
These rewards could be 10-15% a year. This could be very appealing to big investors11.
To help update the Ethereum ledger, users must stake at least 32 ETH10. This has made more Ether locked in the network. Over $30 billion worth of Ether is now staked11.
Big investors are also showing more interest. They are staking $1 million or more worth of Ether11.
The Ethereum Merge has made the network better. It’s now more energy-efficient and could attract more investors. This change is exciting for Ethereum’s future in the crypto world.
Ethereum Name Service (ENS)
The Ethereum Name Service (ENS) is changing how we use the Ethereum blockchain12. It gives us easy-to-read names for our Ethereum addresses. This makes sending and getting cryptocurrency, and managing NFTs, much simpler13.
With ENS, we don’t have to use long Ethereum addresses anymore. We can use names like “your-name.eth” for our wallets. This makes things easier and helps avoid mistakes when sending digital assets13.
Buying Ethereum Name Service (ENS) Made Easy
Getting ENS domains is now easier than ever12. Sites like Nexo let you buy ENS with just $1. This makes it open to everyone, no matter their financial situation12. Nexo also gives up to 0.5% crypto cashback when you buy ENS with a card. This encourages people to try out this new tech12.
To get the most rewards, keep at least 1% of NEXO Tokens in your account. For the best rewards, keep 10% or more12. Rewards are capped at $100,000 in exchange volume each month12.
Nexo works with big names like Lloyd’s of London for top security and insurance. This keeps your funds safe12.
Deciding how much ENS to buy depends on many things. This includes how much is available, demand, and what other people think12. Questions about when to buy ENS also depend on how well you understand and trust it12.
Nexo’s app makes it easy to add USD, EUR, or GBP to your account. EUR and GBP transfers are faster than USD wires, taking up to 2 business days12. You can also join loyalty tiers for even more rewards. The Platinum tier offers a 0.5% reward rate12.
ENS is making the Ethereum blockchain easier to use. Now, buying ENS domains for just $1 and earning rewards makes the Ethereum world more welcoming12.
Should You Invest in Ethereum?
Investing in Ethereum can be a good chance. It plays a big role in blockchain and crypto. It also has a growing ecosystem and could bring new ideas and money power14. Ethereum is the second most valuable crypto, making Ether (ETH) currency14. It’s changing the crypto market, offering great chances for investors. But, it’s key to know the risks, like price swings, before investing in Ether or other digital assets.
The Ethereum blockchain was started in 2013 by Vitalik Buterin for apps without a middleman14. Ethereum has many benefits but faces challenges too. It has had hacking problems, leading to Ethereum Classic14. Also, it’s slower than some rivals, handling about 15 transactions per block, unlike VISA’s 45,00014.
Ethereum’s price has changed a lot, hitting $362.27, $480, and other values14. This price change is common in crypto. For example15, Ethereum’s price dropped 11% in three days after ETF approval. Also, nearly $1 billion left the Grayscale Ethereum Trust in three days after Ethereum’s ETF approval15. But, Bitcoin went up over 90% and hit a new high after a 20% drop following the Grayscale exodus15.
Even with risks, Ethereum’s growth and innovation make it a good investment for those ready for crypto’s ups and downs14. Some think Ethereum could hit $6,500 in two months. It’s vital to do your homework, know the risks, and only invest what you can afford to lose when looking at Ethereum or other cryptos.
| Metric | Value |
|---|---|
| Ethereum (ETH) price drop after ETF approval | 11%15 |
| Capital outflow from Grayscale Ethereum Trust after ETF approval | $1 billion15 |
| Grayscale Bitcoin Trust price drop after ETF approval | $46,000 to $39,00015 |
| Projected Ethereum price in the next two months | $6,50014 |
Conclusion
Ethereum is a strong and flexible blockchain platform. It can change many industries, like finance and apps. Its recent updates, like the London hard fork and the Merge, make it better and greener. Ethereum’s price has already risen about 50% this year. It’s expected to grow even more, possibly to $11,800 by 2030 or $166,000 by 203216.
The idea of Ethereum reaching $100,000 is exciting. But, remember, the crypto market is very unpredictable. A 25x increase would make Ethereum worth $10,000, a more likely goal than $100,00017. Ethereum’s growing community, new tech, and chance to empower finances make it a good investment. But, it comes with risks.
Keep learning about Ethereum and crypto. Always research, spread out your investments, and don’t risk more than you can lose. With the right knowledge, you can enjoy the great chances Ethereum and crypto offer. Happy investing!
