After Being Crushed in 2022, Is It Safe to Buy This Crypto?
The price of Ether (CRYPTO: ETH), the cryptocurrency of the Ethereum blockchain service, hit an all-time high of more than $4,800 last November. At the time, BOOX Research predicted that Ether's price could continue climbing to $7,500 by the end of 2022. Unfortunately, rising interest rates and other macro headwinds subsequently sparked a hasty retreat from riskier assets like cryptocurrencies, and Ether now trades at less than $1,100.
Ether remains the second most valuable cryptocurrency after Bitcoin (CRYPTO: BTC), but is it a compelling buy after its recent pullback? Let's review Ether's rise, its growth potential, and the upcoming challenges to decide.
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Source Fool.com
