The Rise Of Ethereum

maxabit (57)in #crypto • 6 years ago

When I looked at the prices on coinmarketcap.com a few hours ago the Ethereum price had broken through the 700 mark and sat at 701 USD. One of the best altcoins which has enthusiasts bullish over it Ethereum has been going strong with few minor dips. All currencies have shown a trend of increase followed by a decrease but the general trends with Ethereum indicate that it is on its way up.

It is also showing a strong gain with respect to Bitcoin and this is an encouraging trend. Ethereum has gone down to 644 USD due to the Korean Upbit exchange issue but has rebounded back to rise again.

Ethereum has some great advantages as compared to other which makes it a coin worth watching.

Data changes can not be made by any third parties. Apps based on Ethereum have a record of not having any down time which is a very important aspect for users. Moreover the apps cannot be taken down if they are built on the platform.

Mining Ethereum tokens is a breeze and happens within seconds as compared to Bitcoin which can take hours.

With the help of smart contracts you can raise funds with the help of Ethereum which makes it one of its biggest advantages.

It has gained in popularity so fast because it is highly decentralized it is also very cheap with negligible expenses. The structure of the platform is such that third party supervision is not necessary to execute contracts.

As compared to hundreds of altcoins that vie for attention Ethereum is older and fairly established with large amount of people who own and trade with it.

The advantages of Ethereum are being noticed by newer investors who prefer it to Bitcoin and other altcoins. Considering the recent trends on the market and the usefulness of Ethereum it would not be a surprise if it unseats Bitcoin from the top position in due course of time.

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