Is Ethereum a good investment? Is Ethereum better than Bitcoin?

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Ethereum is a decentralized network on which different applications can also be built, plus crypto tokens are also issued over the Ethereum network.

People often compare Bitcoin and ethereum, but these are quite different in their motives. In today’s report, we’ll try to look out the factors that make ethereum different from Bitcoin. No doubt that they both are valuable, but they have quite different uses.

For few years, Ethereum has become a very popular alternative to Bitcoin, and many different companies have also adopted it. ETH has both industrial and intrinsic value. On the contrary, Bitcoin only has intrinsic value and not much industrial value. Ethereum offers the investors to create their own wealth, but it also comes with more risk of investing, which investors should consider before planning to trade.

Using Ethereum, one can create smart apps, decentralized apps, and decentralized finance. Although these three are spilled to other blockchains, they are still more potent on the Ethereum platform.

Ethereum is actually an infrastructure that indeed has the potential to revolutionize the blockchain technology. Ethereum platform indeed has the ability to change the way of mortgage transfer and the method of trading securities. If you are planning to invest, then ETH indeed is worth trying. Even though Bitcoin is more stable, the Ethereum has higher rewards due to higher risk. Another factor that can attract buyers towards ETH is its lower price compared to Bitcoin. At the time of writing, Ethereum is traded at a market price of nearly $1633, while the market price of Bitcoin is almost $48,832.

It is always a matter of debate whether bitcoin is better than Ethereum or vice versa. It would be better to leave the discussion for investors because both the cryptos have their pros and cons. In my opinion, investors should invest in both Ethereum (ETH) and Bitcoin (BTC). Both ETH and BTC have the potential to grow further in the future. Etherereum is a must-try because Ethereum 2.0 project has brought massive improvements in speed and scalability.

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Blockonomist Staff

Blockonomist Staff

Let’s visualize the way finance looks in 2050. Read our crypto stories at https://blockonomist.com/

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