Cryptocurrencies are gaining in popularity every day.
Bitcoin, the first and most widespread cryptocurrency, has seen its value skyrocket in recent months. Ethereum is another popular cryptocurrency that is quickly gaining ground. Many potential investors are questioning whether or not they should invest in Ethereum. This article will provide reasons you should buy Ethereum with long-term gains in mind!
1) Ethereum value is increasing
Over the past few months, Ethereum value has been shooting up like a rocket. It was one of the best performing cryptocurrencies in the past year. In 2021, it gained 404.21% in one year. This growth has made Ethereum the second most valuable cryptocurrency globally, next to Bitcoin. According to Nasdaq, Ethereum is expected to have a market value of $6,500 by the end of 2022. So far, no reason has come up to make you think Ethereum will lose its momentum anytime soon. If you invest in Ethereum now, you’re more than likely to see a huge return on your investment within the next few years!
2) Ethereum is a well-established currency
Although Ethereum has been gaining traction as a cryptocurrency in recent years, it has been around since 2015. During this time, it has demonstrated itself as a worldwide recognised currency, which means you can use it to purchase items on Amazon, among many other places. It also means that it is less likely to be affected by price fluctuations than some newer currencies. Ethereum is listed on https://www.okex.com/buy-crypto and is one of the few cryptocurrencies considered a major trading pair for Bitcoin. This shows that you can also use it to purchase Bitcoin and other cryptocurrencies.
3) Ethereum has a great reputation
Ripple is often considered the best cryptocurrency for investment. However, Ethereum might be the better option due to its solid reputation. Ripple’s value is based on its ability to quickly transfer payments from one individual to another. However, Ethereum does not have these limits. You can also use it to shop on Amazon and send money worldwide. Despite its reputation for quick transfers, Ethereum is extremely secure. It is created using a Proof of Work consensus protocol that protects users from malicious actors and slows down hackers from stealing large amounts of Ether from the network. In addition to this, Ethereum is one of the only cryptocurrencies with a built-in feature called smart contracts. These contracts are used to execute transactions more efficiently by limiting the time needed for each transaction. The Ethereum network is also running a decentralised application, which can run complex applications that would typically take a long time.
4) Ethereum is better for investors
Over the past decade, Bitcoin has undergone incredible growth and has become one of the major currencies in the world. However, it was not created for investors. Ethereum, however, was created specifically for investors. If you buy Ethereum, you can be assured that it will grow and become an even more valuable currency in the future. So far, it has proven to be an excellent investment and is worth a lot more than Bitcoin. If you would like to know more on how to buy it, please visit https://www.okx.com/markets/prices.