How to Earn Ethereum in 2023: Tips & Options

Ethereum is a blockchain network and platform for making dApps that doesn’t have a central hub (applications that are controlled by smart contracts). ETH is the currency of the area. In 2017 and 2018, ICOs held on the platform were at their most popular. In this situation, the rate of cryptocurrency has increased by a factor of ten. The first people who put money into the pump made a lot of money.

How do I get or make Ethereum (ETH)?

There are a few well-known ways:

• Cryptocurrency trading on exchanges
• Ethereum cranes
• Long-term investment ETH 2.0 (HODL)

There are pros and cons to each method. For example, trading needs an initial investment and a way to control the risk as much as possible. The volatility of cryptocurrencies makes it hard to make money from daily transactions. It’s hard to predict where the market will go in the near future. Stop-loss orders and other tools have been developed so that losses can be kept to a minimum.

Using an Ethereum crane is a quick and easy way to get your first free cryptocurrency. This is a way to make money without putting any money up front. After a certain amount of time, you can do simple things on these sites to get coins. There is no chance that money will be lost. The most important thing is to find cranes that pay and let you take out your Ethereum.

The second version of the Ethereum protocol is called Ethereum 2.0 (Eth2). The main goal of Eth2 is to make it easier to add more users. This can be done, for example, by making the node bigger, but this is not a good idea because users would have to buy too much expensive and powerful equipment. So, you need to go in the opposite direction and add more nodes. In the new version, the weight will be spread out over 64 new chains (shard chains). The validator won’t have to run the whole blockchain. Instead, it will only have to run its own subchain.

It is a good idea to put a lot of money into Ethereum for a few years, until the price goes up again. At the same time, you should always think about the risks because you can both win and lose.

Where to Store Ethereum (ETH)

If we use the standard method of grouping wallets by the platform on which they work, we can divide them into mobile, desktop, browser, hardware, and paper wallets. Ethereum is one of the most popular cryptocurrencies, so many wallets that don’t hold your money support it.

Is it a good cryptocurrency to invest in?

Yes, it absolutely is. Investors have high hopes for ETH because staking is coming soon and DeFi applications are becoming more popular. Since December 17, the main altcoin has been moving close to the $1200 mark. Experts say that the first signs of a possible rise in assets have been seen. Technical models show that Ethereum Classic may be able to break through the $1330 level by March 2023, but only if it stays above the $1180 support.

In September 2022, the long-awaited switch of the Ethereum ecosystem to the PoS consensus algorithm made it possible for more Level 2 integration. The scalability of Ethereum can be increased by 100 times with future upgrades. This will cut gas fees by a lot and speed up transactions.

At the same time, investors may be more interested in Ethereum because the competing Solana platform is having trouble right now. At the same time, experts focused on the fact that the economy as a whole is still putting pressure on things.

The Federal Reserve is still the biggest risk, since it has no plans to change the way it handles money yet. Analysts do not rule out the possibility that Ethereum will fall to around $1000. In the future, this level can be a great place to start building a long-term upward trend.

Experts focused on the fact that the number of these devices in different places could go up by 60% in 8 years. Retail users are using digital assets as full forms of payment more and more, which is speeding up the spread of cryptocurrencies.

The Bottom Line

You can make money with Ethereum through cranes, trading, and mining. Staking will soon take the place of mining. Long-term investments are something that can be thought about. Getting cryptocurrency from cranes takes a lot of work and doesn’t pay much, but it’s the only sure way to get Ethereum without investing.