Wait! You mean I could earn 279% in 10 years staking Ethereum even if it stays at this price?
Here's why holding ethereum in this decade is a no brainer!
EthereumPrice.org, an ETH price tracking platform just released a new calculator that allows users to have a peek into the future of what they could earn if they decided to stake ether on the Ethereum 2.0 network – the first phase which is expected to launch this year.
Based on the calculator settings and projections, you could earn as much as 279% with compounding interest.
The annual interest, however, will be 14.26%.
Note that staking means “locking up” a network’s digital asset in order to improve the efficacy of a blockchain network. The name “staking” is derived from the process of network users putting out these tokens/coins to be locked up. As a reward for staking and keeping the blockchain network secure, these users are rewarded with a share of the blocks.
The new calculator shows you where to input your stake amount in ETH, followed by an option to select fiat currency to display the stake in, alongside some advanced settings. It also provides a table that displays the Eth staked, reward in Eth, and a 10-year percentage ROI.
Using this calculator, 1 ETH staked at a current price of $215 will provide a return of $246 (14.26%) after one year; and $817 after 10 years.
However, during phase 0, each staking node (validator) can only stake 32 ETH ($6895 at a price of $215/ETH), while third parties are touted to allow users stake smaller amounts.
Given that the crypto space is highly volatile, the accuracy of the calculator might be slightly questionable.
Coupled with the forth-coming bitcoin halving and potential bull run, Staking on the Ethereum 2.0 network is one major reason Ethereum will do extremely well in the coming years. Based on historical evidence, it has been projected by industry experts to go as high as $1000-$2000 per token.
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