The myth of creating wealth? Mysterious netizen invested hundreds of dollars in ETH and is now financially free
Tomorrow, no one knows which will come first, surprise or surprise, fate is a process of change and development, which is exciting!
According to CryptoGlobe, a 27-year-old mysterious netizen and an early Ethereum investor revealed on Reddit that investing in ETH unintentionally changed his destiny in a few years, and happiness came to him quietly!
In 2016, the netizen was still a migrant worker who did not buy a car in order to save money and rode a bicycle to and from get off work every day. When I was heartbroken that I missed the "good opportunity" for Bitcoin to rise last year, I accidentally discovered a new project called ETH, and used my tax return to purchase ETH. The initial investment was only a few hundred dollars.
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The netizen especially emphasized
During the previous bull market in 2017, I sold a larger portion of ETH and sold the remaining ETH in multiple sells in January of this year. If all the sales orders are calculated uniformly, the average annual income will reach 150 times. This stands out among all my long-term capital gains.
Why do such myths of wealth creation belong to other people's families? An An, like the majority of investors, expressed his envy!
The price of Ethereum has surpassed the $1,400 mark twice so far: once in early 2018 and again earlier this month. At present, the market value of Ethereum has exceeded 1 trillion yuan, becoming the second cryptocurrency with a market value of more than one trillion yuan.
ETH, which has once again reached a record high, has also sparked heated discussions in the market. Some crypto investment analysts believe that Ethereum could rise to even higher prices.
Fundstrat strategist David Grider revealed that he believes the price of Ethereum could reach $10,500, which means that the cryptocurrency has a 650% upside potential from its current price.
Raoul Pal, a former Goldman Sachs executive, has revealed that he believes the price of ethereum, the second-largest cryptocurrency by market capitalization, could hit $20,000 based on Metcalfe’s Law.
Galaxy Digital, an investment bank in the field of encrypted assets, pointed out in an email sent to users, "2021 will be remembered as the year of Ethereum. Ethereum is a growth asset. Growth tech stock, in short, investing in Ethereum is like investing in the future of the internet.”
From the data point of view, these analyzes seem to have a lot of support.
According to the statistics of Crypto fees, in the past 24 hours, the fee income of Ethereum miners was 4.7 times that of Bitcoin miners, reaching 8.87 million US dollars. The second place was the Ethereum ecological application Uniswap V2, and the transaction fee scale reached 230. 10,000 US dollars, surpassing Bitcoin’s 1.88 million US dollars, ranking fourth to fifth are the Ethereum ecological applications SUSHI and SNX.
According to data released by Messari, Ethereum has surpassed Bitcoin to become the largest settlement layer in the encryption field. The settlement volume in 2020 has exceeded 1 trillion US dollars, and the daily transaction volume of Ethereum has been higher than that of Bitcoin since the end of June.
The overall handling fee of Ethereum, including the applications under its ecology, has reached the leading position in the industry, which shows that the main participation activity and development enthusiasm of the market are concentrated. It is no wonder that it is favored by institutions and investors. They embrace the next generation upgrade of Ethereum. confidence!
Note: The content of this article is for learning reference only and does not constitute investment advice. If you have any questions, please add the official customer service WeChat account a-hakj for consultation.
Note: The content of this article is for learning reference only and does not constitute investment advice. If you have any questions, please add the official customer service WeChat account a-hakj for consultation.
