PART1-Potential Coins 2023: 3 Cryptocurrencies to Watch Besides Bitcoin - An Analysis of the Competitive Advantages of DOT, LINK, and ETH.

In 2022, the price volatility of cryptocurrencies was very high, and in times like this, it is more important than ever to learn how to identify potential coins. Today we will be discussing other coins worth paying attention to in 2023, in addition to Bitcoin (BTC). We must use the concept of value investing to make long-term investments, and the first step in value investing is to understand the fundamentals and advantages of potential coins.

In 2015, Vitalik Buterin, also known as V God, founded Ethereum, a decentralized public blockchain platform. Ethereum added smart contract functionality, allowing for the creation of more practical applications, which is known as blockchain technology 2.0 (compared to Bitcoin, which is blockchain 1.0).

Ethereum is like the IOS or Android system, where those who hold Ether (ETH) can create decentralized applications (DAPP) or smart contracts on the platform.

The native token of Ethereum is Ether (ETH).

Ethereum's official website: https://ethereum.org/en/

Competitive Advantage of ETH:

⭐️Advantage 1: Largest Market Share

As of November 1, 2021, there are a total of 3,721 DAPPs globally, and 2,876 of them are built on the Ethereum blockchain, which accounts for a staggering 77% of the DAPP market. The second-ranked EOS has only 331 DAPPs, accounting for less than 9% of the market share.

⭐️Advantage 2: High Trading Volume

Ether is often among the top-traded cryptocurrencies on major exchanges, indicating that investors are highly interested in and willing to trade Ether. Every positive news about Ether can stimulate a large number of investors to buy in, potentially driving up the price.

⭐️Advantage 3: Future Upgrades

Ethereum 2.0 is the entire blockchain upgrade of Ethereum, which can lower transaction costs, improve efficiency, and attract more users and investors, thereby increasing Ethereum's intrinsic value.