Though most investors have largely concentrated on Bitcoin till now, Ethereum has also grabbed many eyeballs and proved to be a more attractive asset for the investors.
Ethereum’s market cap reached over $100 million in January 2021, which showcases that the crypto token is getting stronger and increasing interest in the cryptocurrency.
Ethereum Better for Investors
As per the Coin telegraph report, Ethereum is a better asset for investors. Ever since Bitcoin reached its all-time high, surpassing $40,000, most investors are looking for alternatives to the cryptocurrency. Ethereum, XRP, and many other altcoins are in consideration of the institutional as well as individual investors. Ethereum has fast grown into becoming the second most powerful cryptocurrency in the world. Considered the pioneer in the decentralized finance space, Ethereum has surpassed Bitcoin in terms of percentage growth.
2020 was an unusual year that created much turbulence in the world and brought the global economy to a turbulent juncture. The adoption of cryptocurrency grew substantially in 2020, while fiat currencies saw a dip. Since March 2020, after facing a steep low, Ethereum has grown up to 1200 percent while Bitcoin has only shown a 700 percent growth.
Ethereum is highly demanded by the blockchain developers who rely on the blockchain for launching their applications in the decentralized finance space. The Ethereum cryptocurrency platform is a leading decentralized applications blockchain which surpasses its competitors.
Institutional investors have begun to understand the potential of cryptocurrencies and digital assets. This has increased the influx of capital in the cryptocurrency industry and opened doors for humungous growth. With Ethereum 2.0 blockchain release, Ethereum has further strengthened its position in the blockchain markets. As Ethereum continues to contribute more to the growth of stablecoin, decentralized applications, and smart contracts, the price of Ethereum may surge higher.
Recently FundStrat noted that Ethereum could grow up to 650 percent, touching the price of $10500 touting it as the best RISK/Reward investment project in the cryptocurrency markets. With Ethereum 2.0 blockchain release, Ethereum has further strengthened its position in the blockchain markets. As Ethereum continues to contribute more to the growth of stablecoin, decentralized applications, and smart contracts, the price of Ethereum may surge higher. Recently FundStrat noted that Ethereum could grow up to 650 percent, touching the price of $10500 touting it as the best RISK/Reward investment project in the cryptocurrency markets.
Disclaimer
The information discussed by The Coin Magazine is not financial advice. This is for educational and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Do your due diligence and rating before making any investments and consult your financial advisor. The researched information presented we believe to be correct and accurate however there is no guarantee or warranty as to the accuracy, timeliness, completeness. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright The Coin Magazine All rights reserved.
