When it comes to global market capitalization, Ethereum is the second biggest cryptocurrency in the world after Bitcoin. However, since its launch in 2015, it has seen its share of crashes and surges. But, due to the rush of interest in the crypto world in general, Ethereum hit new highs recently this year.
Basically, Ethereum was created by Vitalik Buterin and was officially introduced in 2015. After the success of Bitcoin, it marks itself as the effective, safest, and accessible currency to allow easy transfer globally. Being an open-source platform for countless transactions daily, Ethereum is a very appreciated crypto.
Ethereum isn’t only popular for its specialized working system, but also for the several ambitions of its creator, which set it apart in the world of blockchain technology. Many people are searching for the best Ethereum IRA companies just to invest in Ethereum.
If you still have some doubts about this currency and you’re confused on whether or not to invest, below are a few reasons to why you might consider investing in Ethereum in 2021.
1. Ethereum Has Broad Exposure
When compared to some cryptocurrencies, Ethereum expands its use not just on trading tokens, but also by introducing apps, advanced software, smart contracts, and computer programming in a consistent manner. With this, it allows easy transactions for all of its users across the globe.
2. Ethereum Is Time Tested
Ethereum is one of the oldest blockchain platforms in the market and carries a volume of many projects launched. It means it has been tested to its capacity and the upgrades it does are based on the market realities.
Most competitors use metrics that haven’t been tested yet and they can be at risk of failure. For instance, the Binance chain saw an increase in the prices of gas despite using scalability and cost as the primary selling point. The resilience of Ethereum is a sign that could result in a predicted value rise in the long run.
3. Ethereum Has The Safest Payment Ecosystem
In the world of crypto, Ethereum is known for having the safest payment ecosystem. Because of its decentralized finance system, it’s paved the way to a protected and secure payment system for worldwide financial transactions.
The smart blockchain technology of Ethereum doesn’t allow manipulation, inaccurate or wrong information. In addition, it has the most transparent, clear, accessible, and verifiable forum to ensure the security of all payments.
4. Ethereum Is Independently Working
Another reason why you should invest in Ethereum is it’s a worthy digital asset as it isn’t a coin to be traded but a medium of exchange that works by Ether tokens. Such tokens get rid of the need for any third-party interference to use their currency as well as share the details respectively.
By selling and purchasing Ethereum tokens, you can be sure you’ll be able to enjoy the possible success in the long run without the need to spend a huge amount of money on various sources.
5. Ethereum Is The Second-Biggest Cryptocurrency
The ranking of cryptocurrencies and some platforms matters a lot. Besides, even if a certain project is great, but it has a low ranking, people won’t notice its existence and may have a tough time gaining traction.
Ethereum doesn’t have this kind of problem. The reason behind it is that it’s the second-biggest cryptocurrency in terms of market capitalization. It means even though there’s a new cryptocurrency, Ethereum will remain popular.
6. Ethereum Has A Developer Team
Unlike other cryptocurrencies, what you should know about Ethereum is it’s known for having a developer team. Vitalik Buterin and its team are computing experts and were already making scenarios to scale solutions before the current transition.
With Ethereum’s developer team, investors can expect this cryptocurrency will keep growing in value. This is because it’s an anchor to its growth, especially when it comes to adopting new ideas from the crypto market. It’s also the key factor to drive up to drawing in various institutional players.
7. Ethereum Is A Decentralized Cryptocurrency
In the crypto market, the key to achieve success is decentralization. It’s quite logical since decentralization is the essence of the market, both for security and freedom.
The decentralized nature of Ethereum is in the miners’ diverse nature. Like Bitcoin, no miners control the mining process of Ethereum. Since it’s very decentralized, even its creator can dictate Ethereum’s direction. It’s a key security guarantee of Ethereum and something that plays into its value over time.
With the reasons mentioned above, the popularity of Ethereum may continue to grow as its price and demand may increase over time. However, it’s important to note that the crypto market is a highly volatile space. Before you decide to invest all your money in Ethereum, do proper research to make a well-informed decision.
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