In India, the price of Ethereum has been on a rollercoaster ride in recent months. In January, one ETH was worth around Rs. 12,000. By early February, it had surged to Rs. 25,000.
Then, it dropped down to Rs. 11,000 by mid-March. As of writing this article, one ETH is worth Rs. 14,000. So, can you buy Ethereum for 100 rupees?.
The simple answer is no. The current price of one ETH is too high for you to purchase with just 100 rupees.
However, there are a few ways you can get exposure to Ethereum without spending a lot of money.
One option is to buy a fraction of an ETH coin. Most exchanges allow you to buy as little as 0.01 ETH. So, with just 100 rupees, you can get 0.
NOTE: This message is a warning about purchasing Ethereum for 100 Rupees. Ethereum is a digital currency, and its value is highly volatile. Purchasing Ethereum for 100 Rupees is extremely risky as the value of Ethereum can go up or down significantly in a short amount of time. Therefore, it is not recommended to purchase Ethereum for such a small amount of money as you may not be able to recoup any losses if the value drops. It is suggested to do your research and invest only what you can afford to lose when considering buying any cryptocurrency.
01 ETH, which is currently worth around Rs. 140. This might not seem like much, but remember that the price of Ethereum could go up or down in the future. So, even if it falls to half its current value, your investment would still be worth around Rs. 70 – which is not a bad return on a 100 rupee investment!.
Another option is to invest in an Ethereum-based exchange-traded fund (ETF). An ETF is a type of investment fund that tracks the price of a underlying asset – in this case, Ethereum.
By investing in an ETF, you’ll get exposure to the performance of Ethereum without actually owning any ETH coins yourself.
There are currently no ETFs available that track Ethereum specifically. However, there are a few that track cryptocurrency prices more broadly (such as the Bitcoin Investment Trust).
These ETFs might not have the same performance as a dedicated Ethereum ETF – but they’re still a good way to get exposure to the cryptocurrency without spending a lot of money.
So there you have it – two ways you can get exposure to Ethereum without spending a lot of money up front. Of course, there’s always the risk that the price of Ethereum could go down in future and you could end up losing money on your investment. But if you’re comfortable with taking that risk, then investing in Ethereum could be a good way to make some quick profits!.
7 Related Question Answers Found
As the world’s second largest cryptocurrency by market capitalization, Ethereum has had an eventful year. The price of ETH started off 2020 below $200 and hit an all-time high above $1,400 in early January 2021. From there, the price corrected to around $700 before resuming its uptrend.
As of early 2018, 100 US dollars buys you about 0.11 Ethereum. Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference. Ethereum is still in its early stages and thus carries a great deal of risk.
When it comes to Ethereum, there is no doubt that it is one of the most popular cryptocurrencies in the world. In fact, Ethereum is the second largest cryptocurrency by market capitalization, behind only Bitcoin. However, there are some who believe that Ethereum could one day become the largest cryptocurrency by market capitalization.
If you had invested 100 in Ethereum in 2015, you would have made an ROI of over 35,000%. Here’s a breakdown of how your investment would have grown over the past 5 years:
2015: $100 would have bought you 0.31 ETH. Today, that same amount of ETH is worth $350.
2016: $100 would have bought you 0.47 ETH.
It is no secret that Ethereum has been one of the best-performing cryptocurrencies in recent years. From a price of around $100 in early 2017, Ethereum surged to almost $1,400 by the end of the year, giving investors massive returns. However, can Ethereum continue this momentum and reach $100,000?
In the past year, Ethereum has seen incredible growth. The price of ETH has risen from around $100 in January 2017 to currently over $700. This represents a growth of over 600% in just 12 months.
If you’re thinking about investing in Ethereum, you may be wondering if you can get started with a smaller amount of money. After all, Ethereum is a popular cryptocurrency with a lot of potential. Here’s what you need to know about investing in Ethereum with a smaller amount of money.