Home Ethereum If You Invested $1,000 In Ethereum When CryptoPunks Were Released, Here’s How Much You’d Have Now

If You Invested $1,000 In Ethereum When CryptoPunks Were Released, Here’s How Much You’d Have Now

2 min read
Comments Off on If You Invested $1,000 In Ethereum When CryptoPunks Were Released, Here’s How Much You’d Have Now
115

Many well-known cryptocurrencies have had spectacular runs in 2021. One title that has elevated greater than 400% in 2021 is Ethereum (CRYPTO: ETH). A part of the rise within the rise in valuation may very well be credited to the rise of non-fungible tokens.

What Occurred: Larva Labs launched CryptoPunks on June 23, 2017. The ten,000 NFT collection featured 24×24 pixel artwork pictures constructed on the Ethereum blockchain.

The venture was not an early success however has rapidly turn into the usual amongst NFT collections attracting investments from celebrities and traders and even Visa Inc (NYSE:V).

Associated Hyperlink: CryptoPunks Land Deal With Largest Talent Agency: What Investors Should Know About Groundbreaking Deal

Investing $1,000: On the time of the CryptoPunks launch, Ethereum traded beneath $350. On June 23, 2017, Ethereum hit a excessive of $348.01.

When you invested 1,000 in Ethereum on this historic day, you might have purchased 2.8735 ETH. That funding from 2017 can be value $11,296.41 in the present day, based mostly on in the present day’s Ethereum value of $3,931.24.

That will mark a return of over 992% in 4 years and two months.

CryptoPunks have outperformed Ethereum and Bitcoin (CRYPTO: BTC) each in 2021 and at present have a floor price of 94.99 ETH or round $359,510.

An funding in any of those belongings on the time would have produced sturdy returns.

Picture: Picture by Nick Chong on Unsplash / Courtesy CryptoPunks


Source link

Load More Related Articles
Load More By admin
Load More In Ethereum
Comments are closed.

Check Also

$16K Bitcoin dropping to $12K–$14K — Can this actually occur? Watch The Market Report – Cointelegraph

On this week’s episode of The Market Report, Cointelegraph’s resident consultants talk abo…