Don't be Stupid- Invest in Ethereum

Bitcoin is indisputably the king of cryptocurrency, with a current value of $8,167 USD. Since its inception 10 years ago, 1,000+ other coins have come to life. These are alt-coins. But alt-coins are getting a bad rap. This is largely due to the profit-centerednature of cryptocurrency.

Early Bitcoin millionaire Jared Kenna has recently become frustrated with the cryptocurrency industry as a whole:

“In the early days, all we talked about were things that actually had substance, and very few people were talking about making money. And now the only thing people focus on is making money.” – Jared Kenna

OPEN SOURCE FREEDOM

It’s clear that Kenna is correct in his observation, and that begs the question: what would happen if we focused on innovation instead? That is the goal of the largest alt-coin by market cap: Ethereum, which describes itself as a “global, open-source platform for decentralized apps.”

The developers are attempting to solve with the Ether what they consider to be the internet’s biggest obstacle. Today’s apps such as Reddit and Twitter require a third party to function. With Ethereum, users can exchangeEther to distribute applicationdata. This gives rise to freedom from third-party decisions- and true user freedom is becoming a very real possibility.

ETHEREUM IS ALSO A PROGRAMMING LANGUAGE

According to the developers, the Ether can be used as a means to “codify, decentralize, secure, and trade just about anything.” Besides being a blockchain, Ethereum is also a programming language: Turing-Complete. This open-source approach allows developers to create decentralized apps of their own.

Nigel Green, founder and chief executive of deVere Group, predicts that the value of Ethereum will skyrocket to $2500 in 2019:

“The price of Ethereum is predicted to increase significantly this year, and could hit $2,500 with a further increase by 2019 and 2020 … This general upswing will be fueled by three mains drivers. First, more and more platforms are using Ethereum as a means of trading. Second, the increased use of smart contracts by Ethereum. And third, the decentralization of cloud computing.” –Nigel Green

ETHEREUM PRICE

The current price of Ethereum is $174.78 USD. So while this is a big speculation, this wouldn’t be the first time Ethereum hit a major high. On January 8th 2018, Ethereum blasted off at $1,283 during the ICO run.

The value of the Ether blasted off to $1,283.38 USD on January 8th of 2018

In the short term, the general consensus is that Ethereum will hit $500 soon and may continue in this bullish trend. With a currency that started out from $0.25 to an all-time-high of over $1,400 in just 3 years, it would be smart to invest as soon as you can.

IKEA JOINS THE ALT-COIN MOVEMENT

Ikea Iceland is hopping on board by giving their customers the option to pay their invoice via the Ethereum blockchain. Using Monerium’s programmable digital cash, this is the first transaction of its kind. This shows that programmable e-money is ready for the mainstream market.

SHOULD I INVEST IN ETHEREUM OR BITCOIN?

In conclusion, I think Bitcoin and Ethereum are both savvy investments. Both driven by different purposes: they are equally contributing to the rise of cryptocurrency in 2019.

ETHEREUM MIGHT NOT BE AN ALT-COIN ANYMORE

A new study from the San Francisco Open Exchange suggests that Ethereum shouldn’t even be considered an alt-coin anymore due to its similarity to Bitcoin (0.788) followed by Bitcoin Cash at 0.638.

Ethereum also has the world’s largest blockchain by volume, it has the biggest community, and it is the most decentralized blockchain to ever exist. Why wouldn’t you invest?