Why Ethereum (ETH) Will Remain a Top 5 Coin
Ethereum is often oversimplified. It’s a lot more than most people believe it to be. Though Ethereum is one of the top three cryptocurrency in terms of market value, it’s more than just a currency. With shifting landscapes in the cryptocurrency market, everything that Ethereum has to offer may be what ultimately helps it rise to the top.
Ethereum is Both a Coin and a Technology
Unlike Bitcoin, Ethereum is its own technology. In fact, Ethereum is the name of the technology itself and not the coin, which is called Ether. This technology exists within a special bubble that other people can pop in and out of. Bitcoin transactions are validated through blockchain technology.
Ethereum transactions take place through decentralized digital applications that run on a global network. The network surrounding Ethereum allows the coin to be used like an escrow service — fund the currency, wait for terms to be met and approval to be given, and then authorize the transfer. It’s a lot more nuanced than a normal Bitcoin transaction.
How Ethereum Differs from Bitcoin
Ethereum’s proprietary technology is what makes it so different from Bitcoin. Ethereum is set up as a service people can use, rather than a technology or a commodity that people simply have access to. People usually buy Bitcoin as an investment. Ethereum is designed to encourage people to spend it, and its price point (fluctuating on average between $150 and $250 a coin) makes spending it a more realistic achievement than spending costly Bitcoin.
Ethereum is a larger concept than Bitcoin, and it attempts to fulfill more needs. By making itself as useful as possible, Ethereum has become impossible to ignore. People are beginning to understand the revolutionary implications of the technology and why adopting Ethereum as a spendable currency can change the future.
Bitcoin Whales Have Taken Notice
People sitting on large amounts of Bitcoin have started purchasing large amounts of Ether, pushing Ethereum’s stacks up about 80% higher than they were at the beginning of the year. It might have taken them a while to get onboard, but these investors have made their presence impossible to ignore. This is a sign that Ethereum is here to stay and will only become more valuable in the coming months.
Ethereum Continues to Grow
If you’ve ever been interested in investing in Ethereum, the best time to move is now. If you can get in while Ethereum is still reasonably priced, you might still be around when there’s a fortune to be made with its technology.
