After the emergence of Bitcoin, several cryptocurrency projects were designed in its honor, either to carve out its own niche in the finance space, or improve upon what Bitcoin already had to offer in one way or another.
Among the first coins to take after Bitcoin were Litecoin, XRP, and others. But once Ethereum appeared, the crypto market has never been the same since. That’s because Ethereum isn’t just a payment cryptocurrency, much like the first assets to come onto the scene, it is a full-fledged supercomputer that enables smart contracts for developers to take advantage of and build decentralized applications on top of.
This eventually led to the initial coin offering boom in 2017 that saw the creation of thousands of new ERC-20 tokens built on the Ethereum blockchain. Many of these projects are worthless today, but the explosion of interest helped propel Ethereum to prices of $1,400 per token and to the top of the high volatility cryptocurrency market.
And while the ICO boom has since fizzled out, Ethereum is once again skyrocketing due to the decentralized finance craze and the growth of decentralized exchanges and liquidity swap platforms. Today, Ethereum has broken that former high on the back of DeFi, and trading at more than $2,000 per token for the first time ever.
This guide will walk you through all the reasons why Ethereum is a good investment, how to invest in it, explain all the pros and cons of Ethereum investing, and much more.
More info:
https://primexbt.com/blog/is-ethereum-a-good-investment/