Despite price volatility, Ethereum (ETH) has year-to-end-Return on Investment(ROI) stands at a whopping 135%! Probably why volatile price movement and recent dip have not deterred institutional investors from investing in this promising cryptocurrency. In fact, whales now hold the majority of the total Ethereum (ETH) supply.
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Ethereum entered 2021 at $720, but the bull market took Ethereum (ETH) to a previous-all-time-high of $1450. The price of Ethereum (ETH) briefly shot to $2000, before retracting and settling at near $1700. This means if you had invested in ETH at $720 and held it through the period of price volatility, you would have still earned a 135% return on your investment.
Apart from lofty returns, Ethereum (ETH) is going through major development from POW to POS. Ethereum 2.0 will provide its users with features like staking, allowing them to invest in various platforms and earn further returns.
So, the future of Ethereum looks exciting. Ergo, we have a record number of whales betting their money in the cryptocurrency. According to data revealed by analytics company Santiment, Ethereum Whales now hold 68.6% of the Total Ethereum Supply since the November of 2017! Furthermore, small investors i.e. addresses holding 10–10000 ETH has been the lowest since 2017.
Price expectations for Ethereum (ETH) are bullish. If you have invested in Ethereum (ETH) then Download XcelPay Wallet. The multi-coin, a cold wallet is unhackable and comes and uses bio-metrics to keep your cryptocurrency safe. Use the SAWP feature in XcelPay Wallet and get the flexibility to hold multiple cryptocurrencies of your choice. SWAP and Trade on the go!