February 2022

Stock I'm watching this month:-

ETH - Etherium

Sector: Crypto 
Market Cap:  337.5 Bil 
Price/Earnings: N/A
Price/Book: N/A
Return On Equity: N/A
Return On Assets: N/A
Debt/Equity: N/A

Reasons to watch: ETH is a crypto currency in the Etherium chain. It is the second largest crypto by market cap. In terms of adoption, it is the largest after bitcoin and has quite a large moat since it has been massively adopted. It is a smart contract chain with many use cases, currently the most popular being Defi, NFT's and as a medium of exchange. Because of EIP-1559, Eth adopted deflationary mechanics in which Eth is burnt after transactions. Some has touted this reason that Eth will be an ultra sound money. Eth is also moving to Proof of Stake, which the supporters  of the coin consider as a bullish scenario as it is more energy conservative compared to the current Proof of Work system.

Risk: Many competing L1 smart contract chains are competing for user base including BSC, DOT, ADA, AVAX, NEAR, ALGO, SOL, etc. 

Sentiment: Buy
Disclosure: Held
Current Price: $2817 USD
My Strike Price: $2800 USD


Disclaimer: This does not constitute any financial advice or stock recommendations. As always, Do Your Own Research.

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