#2 Coin of the Week: Ethereum (ETH)

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Soon it will be one year since I have been working on TerraMatris.EU crypto hedge fund. The fund has had its ups and downs - but the main idea has stayed the same - we are selling put options against Ethereum and reinvesting premium back into crypto itself

Last week I came up with an idea and plan to reinvest premiums into altcoins.

Without further ado - for the second week - we go with the Ethereum(ETH) coin. Every time we are going to take options premiums this week (August 28  September 3), we will re-invest the premium back in ETH coin for our long-term crypto portfolio.

Ethereum is a decentralized blockchain with smart contract functionality. Ether is the native cryptocurrency of the platform. Among cryptocurrencies, ether is second only to bitcoin in market capitalization. It is open-source software. Ethereum was conceived in 2013 by programmer Vitalik Buterin.

Ethereum price as on August 28, 2023

As of August 28, 2023, we are holding  0.01187074 ETH coins worth $19.48. We need at least 0.1 ETH to start selling covered calls on Ethereum, which would already give some boost to the portfolio.