Why Ethereum May Grow Higher in Value Than Bitcoin?
Bitcoin is not the only cryptocurrency that has risen in value. Another leading cryptocurrency known as Ethereum has also ascended in value since January 2017. From its original value of $8.24, it has recently gone on to attain a figure of $262.
While most people are more familiar with Bitcoin, Ethereum has also gained its fair share of the market. However, the key difference between the two lies in the technology used by Ethereum and Bitcoin.
The difference in the system would be that Ethereum’s data processing is much faster than Bitcoin, as Ethereum’s system automatically applies the terms and conditions of a contract once it has been agreed upon.
While many might think that Ethereum may be inferior to Bitcoin because its price value is lower, this is actually a good thing for potential investors who are looking for means of investing other than Bitcoin. The lower price may attract more investors as there is more room for growth. The only drawback would be that Ethereum is not as well established as Bitcoin. In consideration of this, Bitcoin is safer than Ethereum.
Cryptocurrencies have made their mark ever since the inception of Bitcoin in 2009, and they are continuing to grow. In fact, the value of legitimate cryptocurrencies has grown much since that time.
Though cryptocurrencies are doing very well this year, analysts foresee that when the economic climate is better, investors will go back to traditional investment mediums and leave cryptocurrencies. When this happens, the volatility of cryptocurrencies will go down due to the decrease in demand.
Wow, nice post. I also agree with you. Looking foward to invest in ETH. Thank you for the post! Keep it up.
You re welcome :)
ripple is another emerging coin
Yep :) !
Although I want to agree but I am still skeptical about it because ethereum issues new ethers every year to counter inflation so considering the laws of supply and demand they might not reach the same value as bitcoins because of the closed system that bitcoins have adapted and then there is the issue of anonymity, that is one of the counter argument I have read against it. but there is a possibility in it becoming the defacto cryptocurrency.
Thank you for sharing with us your opinion :) ! everything is possible my friend nobody knows :) !!
I totaly agree with this. ETH will take the place of Bitcoin. It's the natural choice of investors.
I think the Combination of both will be the future 💪
Yep it will
There is a lot of institutional money going onto Ethereum with the hope that Ethereum smart contracts will save businesses a lot of money in streamlined backroom processes. I own BTC and ETH and plan to stay diversified, but certainly ETH has made me a lot more money. My only concern about ETH is that the number of ETH that can be issued is unlimited as far as I can tell, while Bitcoin is limited to 21 million. The law of supply and demand says that when supply goes up, the price will go down due to less scarcity. But as long as speculators flow in, the law of supply and demand doesn't mean much. Just my two cents worth.
Yep you re right experts say that Ethereum will hit $500 by the end of this year.
thanks for commenting :)