This currency has the potential to surge this year.

Even though cryptocurrency prices are falling, now is the best time to buy. Bitcoin (BTC -1.06 percent) and Ethereum (ETH -1.38 percent) have both plunged more than 40 percent since November of last year, so now is a great time to buy at a discount.

When making an investment decision, it's critical to do your research. Not all cryptocurrencies will last in the long run, especially given the current market volatility.

Even though there are no guarantees in crypto (and even the greatest investments may not last forever), Ethereum is one coin that I intend to keep buying.

The Main Advantages of Ethereum include

Because of the rapid development of new cryptographic tokens, the crypto market is becoming increasingly competitive. For an investment to stand out, there are a few reasons why Ethereum is an excellent choice.

Because it is programmable, the Ethereum blockchain can host a wide range of applications, from non-fungible token (NFT) marketplaces to decentralized financial services. As a result, Ethereum is more than just a payment coin, and it may have a future even if Bitcoin doesn't.

Since the metaverse will mainly rely on blockchain and decentralized applications, Ethereum's network's programmability makes it a formidable rival. Ethereum is a prominent player in these areas and might be a large winner if the metaverse takes off.

Finally, Ethereum's most recent upgrade could give it even more of a leg up in the crypto market. Slow transaction speeds and excessive fees are the primary problems it's now facing. Both of these issues should be solved by a PoS model that is currently being implemented, though.

In comparison to its current 14 transactions per second, it could see transaction times of up to 100,000 per second after its update (which is expected to be completed early next year).

Is Ethereum a good investment?

In the crypto world, Ethereum is one of the strongest players, but it's not for everyone. A few considerations to bear in mind before you buy.

Take a step back and assess your risk tolerance. Although Ethereum offers many advantages, there are no guarantees that it (or crypto) will flourish in the long run. Due to the current uncertainty surrounding cryptocurrencies, you could lose your entire investment if it goes down.

Consider how much risk you're willing to take. It's likely that Ethereum will have its ups and downs even if it continues to grow in popularity. Cryptocurrency prices fall on a regular basis. As a matter of fact, Ethereum lost nearly all of its value in 2018. For the time being, it's best to stay away from crypto if you're worried about the high amount of volatility.

Finally, make sure your other investments are well-balanced before dipping your toes into the crypto market. Ethereum is a high-risk investment, thus diversifying your portfolio is essential. That way, even if Ethereum fails, your entire portfolio will not be wiped out.

Cryptocurrency like Ethereum can be a great investment, but it's crucial to weigh your options carefully. Consider your risk tolerance when deciding whether or not Ethereum should be included in your portfolio.

Should you invest in Ethereum right now?

Listen to this before you even consider Ethereum.

Ethereum wasn't one of the top 10 best stocks for investors to buy right now, according to our award-winning analysis team.

Motley Fool Stock Advisor, their online investing service that has been running for two decades, has outperformed the stock market by a factor of four. They also believe there are 10 equities that are currently superior investments.

Buying Cryptocurrency: What's the Best Way to Do It?

Then what are your options if you want to purchase your first cryptocurrency but are unsure where to begin? Purchasing cryptocurrencies is a simple three-step process:

Learning the ins and outs of cryptocurrencies is critical before making a purchase. Investing in a cryptocurrency requires significant study, which includes reading reviews and market news about how other cryptocurrencies are doing in comparison. Make careful to keep an eye on long-term patterns when investing in a cryptocurrency, especially if you're new to it. Bitcoin, Dogecoin, Ethereum, and a slew of other cryptocurrencies are among the many available on the market. In the cryptocurrency world, some cryptocurrencies are widely accepted and can be exchanged on a wide range of exchanges, while others only serve a specific market. It's critical that you decide on a use for your cryptocurrency before you start mining.

Get a coin wallet that is compatible with it: In order to store your cryptocurrency, you must first choose a digital wallet. Basically, wallets are apps installed on your computer or mobile phone where you can keep your cryptocurrency. When it comes to bitcoin wallets, there's no one-size-fits-all solution. It's a good idea to keep a few different currencies in your wallet just in case.

Your wallet is the first step in buying any coin listed on the cryptocurrency exchanges. A cryptocurrency exchange that already supports all of your selected cryptocurrencies is your best option if you're wanting to acquire multiple.

More Options for Buying Cryptocurrency

Coin purchases can be made in a variety of ways, including:

It is possible to exchange your cash for cryptocurrency through a cryptocurrency ATM. Users can buy cryptocurrencies with cash inserted into a machine and have the funds sent to their online cryptocurrency wallets.

Without the involvement of a third party, such as a bank, P2P cryptocurrency exchanges allow users to purchase and sell digital currency directly amongst themselves. Computers on a peer-to-peer exchange network approve cryptocurrency trades to avoid repeating transactions.

An middleman between the cryptocurrency marketplaces, a cryptocurrency broker operates as an intermediary between the buyers and sellers of cryptocurrencies, charging larger fees than crypto applications.

Other ways to purchase cryptocurrencies include using payment systems such as PayPal, albeit the variety of cryptocurrencies and trading tools available through these services is restricted.

Is it easy to buy and sell cryptocurrency?

Assuming they have already set up a digital wallet, this should be a breeze for them. To learn how to trade cryptocurrencies, you have many options. Most exchanges include training, analytics, and customer service.