What is Ethereum (ETH)?
Strictly speaking, Ethereum can refer to two things:
The Ethereum Network, an open-source software platform based on blockchain technology that allows developers to create smart contracts and decentralized applications.
Ethereum, a cryptocurrency built on the Ethereum platform. This currency is officially called ether. In this article, we discuss ether as an investment opportunity. When someone talks about buying, trading, investing, or paying with ethereum, it is ether currency.
The ethereum cryptocurrency token has long been viewed as second behind bitcoin, the original cryptocurrency. Ethereum has the second-largest market share after bitcoin and the second-highest trading volume among cryptocurrencies, once again behind bitcoin. As such, ETH is considered an attractive investment for investors who are interested in the world of cryptocurrencies.
Make no mistake - Ethereum would never have existed without Bitcoin as a precursor. That said, I think Ethereum is ahead of Bitcoin in a number of ways and represents the cutting edge of digital currency. - Fred Ehrsam, co-founder of Coinbase
Is Ethereum Worth Buying?
The price of ethereum makes it much more accessible than bitcoin. At the same time, the profit potential is very high. One can buy ethereum in the cryptocurrency market using a cryptocurrency exchange. StormGain, the top-rated cryptocurrency platform, makes buying ETH easy, allowing customers to buy ethereum with a credit or debit card at the price of the dollar, according to the latest cryptocurrency market index.
Can I make money by investing in Ethereum?
You can absolutely make money by investing in Ethereum. In fact, many people have already done so. Like any investment, it's all about timing. When it launched, early adopters could buy ethereum for around a dollar. Ethereum's highest price in 2018 was over $ 1,400. It's an impressive return on investment.
Vitalik Buterin, the creator of Ethereum, released ETH in 2015
Anyone who sold their ethereum at the highest price point in 2018 will have seen a staggering profit. However, there are still investors hanging on, believing that ethereum's best days are still ahead. The current value of ethereum is $ 188 but history has shown that any surge in interest in cryptocurrency is as likely to benefit ethereum as it is bitcoin.
Financial analysts and veteran cryptocurrency investors predict that the price of ethereum could reach around $ 320 per ETH, according to the most conservative views. Ethereum Evangelists' Highest Estimate Predict ETH Price Could Soar To Over $ 11,000!
Obviously nothing is guaranteed, but an investor who takes the time to educate himself on the historical behavior of ETH, as well as the future predictions of cryptocurrency experts, can make a lot of money by investing in ethereum.
Should you invest in Ethereum or Bitcoin?
Symbols for BTC and ETH: which coin should you invest in?
Bitcoin has a larger market share than ethereum, even though ETH is technically “better”. It’s the advantage of being there first. However, is ETH a better investment than BTC in the long run?
Let's look at some key differences in the two cryptocurrencies:
Bitcoin Ethereum
Tick ??BTC ETH
Current price $ 8,900 $ 188
All-time high $ 19,783 $ 1,400
Coin limit 21 Million None
Goal Digital currency Smart contracts
SHA-256 Ethash algorithm
Average block time 10 minutes 12 seconds
