Should You Buy Ethereum While It's Still Below $2,500?
Amid the current crypto market rally led by Bitcoin, there's one crypto that seems to be getting completely overlooked: Ethereum (CRYPTO: ETH). That's somewhat surprising, given that Ethereum is the world's second-largest cryptocurrency, with an enormous $290 billion market cap.
However, the hype around a spot Bitcoin exchange-traded fund (ETF) has focused investor attention squarely on Bitcoin. At the same time, a number of direct Ethereum rivals skyrocketed to triple-digit percentage gains last year, and have become the new darlings of crypto investors looking for maximum upside. But there are several reasons Ethereum might be undervalued at its current price of about $2,400.
At the end of 2022, Ethereum was the talk of the crypto industry. It had just pulled off The Merge, which fundamentally transformed its blockchain to make it faster, cheaper, easier to use, and much more energy efficient. The hype around Ethereum grew to the point where some investors even thought that Ethereum might eventually surpass Bitcoin in terms of market cap.
Source Fool.com
