Should You Buy Ethereum While It's Under $5,000?
Decentralized applications hold a lot of promise, because there is a growing demand for services that can't be controlled or manipulated by a single entity (like a company or government). They have become especially popular in areas like financial services, gaming, and even real estate, where people value transparent systems of record and the ability to control their own data.
Ethereum (CRYPTO: ETH) is the world's largest platform for developing decentralized applications. Every time someone uses an Ethereum-based app, they incur a fee payable in the network's native cryptocurrency, Ether. In theory, this arrangement creates constant demand for Ether as long as the network continues to expand, which could benefit investors.
Ether actually hit a new record high of $4,954 per coin earlier this year. It's down 32% from that peak, so should investors buy the dip before it potentially recovers and breaks above the $5,000 milestone?
Source Fool.com
