$10,000 Invested in Ethereum Three Years Ago Would Be Worth This Now

It’s been a turbulent year for Ethereum (ETH) holders. The second-largest cryptocurrency by market capitalization has dropped 26.73% year-to-date and is currently 29% lower than it was a year ago. Currently, ETH is trading at $2,445.14 per token, marking a 4.03% decline just this week. 

While institutional interest remains strong, with Spot Ethereum ETFs drawing in $741.7 million in the last two weeks, the technical outlook appears uncertain. After briefly surpassing $2,520, ETH has pulled back, and analysts are watching for support around $2,320.

Despite the challenges in 2023, if you had purchased Ethereum three years ago, your investment would have grown significantly.

On June 27, 2022, Ethereum was trading at $1,193.68, according to CoinMarketCap. With $10,000, you would have been able to purchase around 8.38 ETH tokens.

At that time, the market was amid a harsh bear phase, following Ethereum’s dramatic fall from its November 2021 peak of over $4,800.

The 8.38 ETH tokens you bought for $10,000 in 2022 are now worth $20,490, giving you a profit of $10,490 or a 104.9% return on your investment.

While this is a solid return, it pales in comparison to other cryptocurrencies. For instance, XRP investors who bought three years ago have seen returns of 433%, while SHIB holders have experienced a 41.9% gain.