Ethereum

Ethereum Performance Review - Hodl Mode On

By Steve Hodl | My Path To Fire | 7 Apr 2022


With the upcoming merge to Ethereum 2.0, Ethereum is the crypto on everyone's mind right now. After totally smashing it, performance-wise last year, there are some big expectations for Ethereum this year. Once a month I like to take a look at one of the top boys in my portfolio and see how they are doing. So let's dive in.

7573c4d6b41d55a9cf43ad90af44430406919fa008e2720b40798d9b75dec830.jpg

We can see that compared to last month, where we were down -21% YTD, we've had a nice pullback but are still down -10,5% YTD. Moving in the right direction at least. This is confirmed by our next chart the 30 days trailing (up to 6th April).

3532b4a28428d097642f2940e86015993ee2937eed31bdb95b8b7dbae68edf1b.jpg

Here we can see that we are up 25,9% in the last month which is a pretty big move.

88742e474b9b181f715b5ea4fcbefb8a89e5e74eb389c0fbe66f7b19aabde147.jpg

If we zoom out a bit, we can see that over the 1-year timeframe, we are still positive +66,9%, but the increase is not as high as last month with +100%. So the growth is slowing.

d23c3d3b72d4c752b1d9e9215d2aacdad37f87a813be1cd6db08b600f33053ad.jpg

We can see that Ethereum is still the highest TVL by far, with over $120,91b locked and a share of 54,06%.

44c3f55f59cac5ae43a4f080549cc4a5a5f20f7604c8037bb890ecdcd1bf2f00.jpg

The only real competitor seems to be Terra(LUNA) which has had a huge 40% increase in the last month. We will monitor how this develops in the coming months.

e708de745d2c6f9df2c283b431f2fd3ab34a4c9226f3dac928070aafd150307f.jpg

The final chart shows us that Ethereum is still in 2nd place with a Market Cap of $388bn and 3rd place with a volume of $25b.

Looking at the charts and data, Ethereum should for sure be in your portfolio. The case for hodling remains strong. Whether you are staking your Ethereum for extra returns, or just holding it in a secure wallet, both options make sense.

How do you feel about ETH now?

Thanks for reading.

How do you rate this article?


18

0

Steve Hodl
Steve Hodl

Blogger and Investor


My Path To Fire
My Path To Fire

Personal Finance Blog

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.