Cryptocurrency is booming right now, and everyone wants to talk about crypto in finance.
Those who are just starting in crypto surely think of ignoring the opportunity to invest in crypto years before.
Ethereum is a decentralized blockchain. It supports thousands of crypto coins, NFTs, including ETH coin that are built on ETH blockchain. It is the second largest cryptocurrency after Bitcoin with a marketcap of $358,663,210,487. Today ETH crossed 3k USD for the first time ever.
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ETH Worth 5 Years Ago
According to historical data from Coinmarketcap, five years ago (May 3, 2016), the price of ETH was $7.10 per coin. If you bought the currency for $10, you would have 1.4 ETH.
ETH Worth Today
The price of Ethereum as of May 3rd, 2021 is $3,100 per coin. This is 436 times more than five years ago-an increase of about 43,600%.
If you had bought $10 worth of ETH 5 years ago, here’s how much you would have today.
If you bought $10 worth of Ethereum five years ago, today you would have about $4360 ($10 x 436). It’s not exactly retirement money, but not bad for a $10 buy-in.
For those who then saw the potential in cryptocurrency and really wanted to purchase ETH early, they could probably had made much more.
Five years ago, $100 worth of Ethereum, if left untouched, would be around $43,600 today.
Five years ago, $1000 worth of Ethereum, if left untouched, would be around $436,000 today, enough to sustain an annual living cost of $36000 for next 12 years.