Three months ago I bought 100 USD worth of Bitcoin to use in an anonymous transaction. After it was all said and done, I had $5 left. Then I checked my wallet a couple of days ago and noticed I had $15!
Bitcoin had soared up from $1000 to nearly $3000 quickly. Even more astonishing was the change in value of ether (ETH), the token used for Ethereum. It had blown up from a mere $20 to a whopping $300, more than tenfold. If someone had bought a Lamborghini’s worth, now they had fifteen.
Although there are many cryptocurrencies like Bitshares or the interesting Dogecoin, only Bitcoin and Ethereum have popped up next to each other on several index charts. Ethereum also correlates strongly with the rise or fall in bitcoin, so it prompted me to inquire if Ethereum is worth my investment.