Ethereum is not a Cryptocurrency; it is a global computer running the majority of the Decentralized Application (dApps). Ether (ETH) is the Cryptocurrency that powers the Ethereum network.
Now that we are clear about the main thing let’s start with our main topic.
While you are using the Ethereum network and the decentralized application, ETH is the only form of payment for running your app on the highly desired Ethereum blockchain.
Most of us know that Ether is the second-best Cryptocurrency in the market. In fact, some of you might say Ether is equivalent to Bitcoin.
Although Bitcoin has the advantage of having the most market capitalization, it is as good as a store value. It doesn’t support any smart contracts as Ether does.
Today, we will discuss why Ethereum is equivalent, if not the best to Bitcoin, and why you should pay attention to investing in Ether.
Table of Contents
Why Should You Invest In Ethereum?
The world of Crypto has been uncertain for many players in the market. The downturn of the Crypto market discourages investors and traders from entering the market for the second time.
But should you only focus on low prices to buy Ethereum?
Frankly speaking, we don’t think so!
There are many things that Ethereum promises to bring to the market with increased regulation.
See our top reasons why now is the best time to buy Ethereum.
1. Widely Known & Accepted
Like Bitcoin, Ethereum is also known throughout the world. People who know about Bitcoin also know that the only Cryptocurrency that can rival Bitcoin is Ethereum.
Ethereum’s popularity makes it easy for you to trade across every Crypto channel. Its token, Ether, has blockchain technology that forms the base of decentralized applications.
2. Safest Cryptos In The Market
One factor you should consider before investing in Ethereum is that it is one of the safe Cryptocurrencies to invest in. Over time, Ethereum has proved itself to be more safe and secure than Bitcoin. If you compare the price chart of Bitcoin and Ethereum, you will find that Ethereum has been more stable.
Furthermore, Ethgreumk comes with a decentralized system of finance that ensures all your transactions are transparent and easily accessible.
3. Ethereum Blockchain Holds Practical value
Every day new Cryptocurrencies are introduced in the market. However, only those that survive have the most practical value in the market. Ethereum is one of them. In fact, experts believe that Etherem is the only Cryptocurrency that is more practical than the others—even surpassing Bitcoin.
Ethereum is the base of the application of Non-Fungible Tokens (NFTs). The record shows that the NFTs have grown considerably over the last couple of years. This steady rise in NFTs shows that Ethereum does hold some value in the digital world.
4. Low Inflation Risk
Unlike the world currencies – which different governments regulate, Erhereum has a transparent inflation plan. The blockchain system allows only a limited number of tokens to circulate in the market. Hence, inflation is the last thing you need to worry about.
5. Decentralized Cryptocurrency
Do you know why people thought of the necessity of having a decentralized currency? It is to gain full control over their finances. After years of tests and failure, the first Digital currency was introduced in the market – Bitcoin.
Soon the market was filled with thousands of digital currencies. Out of all the Altcoin, Ethereum is the only one that is considered a rival to Bitcoin. And being decentralized in nature, it has the potential to boost its value.
The Future Of Ethereum
Bitcoin might be held the most influential in terms of transactions. But in terms of technology, it is Ethereum that holds the advantage. Ethereum has the potential to revolutionize the future of all industries.
If you want to take part in revolutionizing the future of the industry, the bitcoin trader platform will pave a path for you.
We have already seen the positive impact of Ethereum in the sectors of healthcare, finance, and government. Experts believe that Etherem holds the key to building trust in the Cryptocurrency industry.
