Looking forward to start investing in cryptocurrency, but you really don’t know where to start? We have the perfect suggestion for you: buy a domain name. And not just a domain name, but ethereum.com, who was just listed for sale!
Unless you’re a billionaire who makes such purchases for fun, you can take the previous statement as a joke, since the domain was seen on a market place called Uniregistry Market for $10 million, according to Bloomberg Technology.
Eth.com already has an owner!
The same source reveals that back in October, a similar domain, eth.com, sold for $2 million, being considered the highest price for a moniker related to a cryptocurrency.
However, it’s also worth mentioning that a lot of site names, all related to cryptocurrency, including Ethereum.com and eth.com, could have been yours for as low as $10 not so long ago.
“The unfettered euphoria I see around bitcoin/cryptocurrency/blockchain reminds me a lot of the atmosphere I saw in the period preceding the dotcom bust around 2001,” says editor and publisher of Domain Name Journal Ron Jackson.
“However, dotcoms came back and had bigger years than ever in the mid 2000s, so even a bursting bubble isn’t necessarily a final death knell for a given asset,” he added.
Very often buyers use such domain names for marketing and generating leads for other sites, while others buy the names just to run businesses, like wallets or crypto news portals.
People are buying Bitcoin-related domain names more than ever
As for the domain names containing Bitcoin, they have more than four times as many registrations in 2017, compared to the last year, according to a report from GoDaddy Inc. As for those containing Ethereum, they have more than five times as many registrations, the company added.
Right now, the number of cryptocurrency-related domain-name sales begin are sticking around $1,000, but this doesn’t mean that a lot of transactions like this were registered this year, compared to 2016, when just a few dozen were bought. For example, cryptonews.com was sold for $50,536 back in August, while cryptobank.com generated $125,000 in April.