The potential of ether is far higher than that of bitcoin. The community is starting to appreciate the value of ETH.
The second half of 2020 saw an increase in interest in cryptocurrencies from institutional investors and financially strong companies. However, all attention was focused on Bitcoin ( BTC ). Today we’re going to look at why Ether ( ETH ) is a more attractive asset and why this cryptocurrency should become the „first cryptocurrency“ for every investor.
Let’s first take a look at the numbers: ETH has risen 1,200 percent since the low point in March 2020 when the coronavirus caused a market crash. BTC, on the other hand, can only have around 700 percent. Of course, Ether’s surge to $ 1,400 doesn’t seem as impressive compared to Bitcoin’s record high which hit over $ 42,000 . In addition, the market capitalization of Bitcoin Profit reviews is five times smaller than the volume of the BTC market. But what is more important to an investor: good numbers and records of an asset from a portfolio or a high income?
There are very good arguments that ether will continue to rise in 2021 and bring investors more profit than the „most famous cryptocurrency“ Bitcoin.
Demand among developers
Ethereum is the number one platform for developing blockchain projects and decentralized applications. The chart below shows the number of unique ERC-20 tokens that have been traded in the first few years since the Ethereum network was launched. And despite the fact that the market for blockchain startups has expanded more slowly since the Initial Coin Offering bubble burst in 2018, the total number is still growing.
And although Ethereum has serious competition, such as Tron, Polkadot, Cardano, Cosmos and Tezos. Vitalik Buterin’s cryptocurrency platform continues to be a leader in this area.
Growing transaction volume
In 2020, transactions worth more than 1 trillion were recorded on the Ethereum blockchain. US dollars recorded. Those numbers exceed the transaction volume of payment giants like PayPal, which is used by over 350 million users and averages around $ 200 billion per quarter in volume.
Each transaction also entails network fees that are paid in ETH. And since the growth rate of the network is still high, we can still expect a „bullish“ trend at ETH. In any case, the interest in cryptocurrencies increases, as does the number of active wallets, the number of transactions in the network and the average transaction size.