There aren’t many traders who don’t dream about making their fortune from trading crypto, and with so many helpful resources, training guides, and personal tuition, this is increasingly becoming a reality for Ethereum millionaire investors. Ethereum has one of the highest values of any cryptocurrency on the market, and as one of the main types of decentralized money, this asset has helped to make millionaires from humble beginnings.
The current value of 1 ETH to USD at the time of writing is roughly $1,800. In order to achieve millionaire status, an investor would require roughly 555 Ethereum. As one of the most volatile types of crypto, Ethereum is prone to fluctuations in value throughout the course of a day, although on average, these variations in price are a few dollars at a time.
As of 2023, there are an estimated 8,350 wallets that contain more than 800 ETH. Not all of these wallets are active, and some belong to investors that also trade in other crypto, such as Bitcoin. Experts have assumed that, as things stand, there are currently 500 ETH millionaires who are active and have access to their wallets. Although data can vary from site to site, based on algorithmic research, the number of Ethereum being stored within wallets is increasing month after month, and the ambition seems to be the same across the board: to buy as cheaply as possible and save up for an increase in value.
According to expert opinions, no, not anytime soon. In fact, the opposite is expected to occur, with estimates ranging between $4,500 and $6,500 by the end of 2025. This number is expected to increase further by 2030, where each piece or token has been estimated to reach over $20,000. This may be part of the reason why so many traders are investing in Ethereum now, even if the cost of one token is $1,800.
By investing $9,000 in 5 ETH, the value by 2025 is expected to return $27,500 on average. Although a long-term trading goal, if more were invested, this sum could skyrocket even further. By 2030, the value of the same 5 ETH could be worth roughly $100,000. Therefore, if 50 Ethereum were to be purchased now, the value by 2030 could become $1,000,000, making the investor an instant millionaire.
To purchase 50 ETH, the cost would be $90,000 USD, which the majority of investors may see as a large sum, but considering the return in as little as 7 years, the potential for profit is substantial. Even if the lower end of the estimated valuation was taken based on market ratings, this would subtract almost 25% from the total amount traded, which would still amount to roughly $750,000.
Although volatile, the fluctuations are so minor that most ETH traders consider it to be a viable long-term asset to keep hold of. As the price is increasing year after year, the potential for investors to turn a profit is prominent, and those who already own high volumes of ETH look set to earn eight-figure sums from the sale of their tokens.
If you’re doing business in Dubai, chances are you’ve come across the term power of attorney in Dubai. A Power…
Why Online Roulette is a Player Favourite in the UK? Don’t you like the chairs, lights, or music of the…
Research and development form the very basis of everything, whether it be technology, healthcare, or life sciences. R&D affects everything…
In today's rapidly changing job market, many individuals are seeking alternatives to traditional college degrees that often lead to crippling…
Shopify has become one of the most popular e-commerce platforms in the world, powering millions of online businesses. Its ease…
Sending money across Europe has become much easier compared to a decade ago. The rise of digital banking and modern…