Why Should You Invest In ETHEREUM?

 

Simple, to make a profit, a huge profit. But how?

What makes you think Ethereum can be this profitable in the long run?

Here’s why you need to consider Ethereum in your bucket list of investments.

Ethereum is the second-largest cryptocurrency by market capitalization, next to Bitcoin. Crypto analyst says that it will even surpass Bitcoin in the long run. As of 11^th of April 2021, the current value of 1 Ether (ETH) is $2,127.38 USD and still soaring.

Based on the data provided by Statista the value of 1 Ether (ETH) last December 2020 was just $746.06, comparing it to today’s current value, it has an increase of 286% in just 4 months. Indeed, a rapid increase.  

The table shows a rapid increase of Ethereum value just after the pandemic hits in 2020. This means people are finding new ways to invest their money they know will be rewarding in the future.

2021 is the biggest year for Cryptocurrency, well I can attest to that. I’ve never seen a year like 2021 wherein large volumes of investors piling up to get a taste of Cryptocurrency. The surge causes a shortage of Mining GPUs all over the world.

 Major Companies Make the Crypto World Alive

Ellon Musk of Tesla is one of the pioneer billionaires that added Cryptocurrency in their mode of payments. Honestly, he is a market mover, whatever he tweets related to Crypto greatly affects the market.

Ethereum greatly benefits from this, as major companies finally recognize Cryptocurrency.

Here are the lists of Companies that accept payment through Cryptocurrency

Major Retailers, Foods, Gift Cards, Sports Teams, Cell Phone Carriers, Travel, Education, Banks, Beauty & health, etc...

·        Microsoft

·        Overstock

·        Home Depot

·        NameCheap

·        Starbuks

·        Whole Foods

·        NewEgg

·        Lolli

·        Fold App

·        Try Purse.io

·        CoinCards

·        Bitrefill

·        Green Energy

·        KFC Canada

·        Dalla Mavericks

·        Miami Dolphins

·        AT&T

·        Virgin Mobile

·        Expedia.com

·        Cheapair.com

·        ScubaOtter

·        Alternativeairlines.com

·        Curtain University, Western Australia’s largest University.

·        Blockfi

·        Twitch

·        Wikipedia

·        Wikileaks

·        Subway

·        Burger King - In 2016, some Netherlands Burger King locations began to accept Bitcoin

 

These are just a few of the company’s worldwide that accept Cryptocurrency as a mode of payment.

The acceptance of Cryptocurrency as a mode of payment plays a big role in the surge of Ethereum and other Cryptocurrency.

How to Buy Ehtereum And Where Can You Buy It?

A cryptocurrency broker is the easiest way to buy Ethereum. A cryptocurrency broker can be a crypto app or desktop platform that allows you to place buy and sell orders for cryptocurrencies. It is very similar to a stockbroker wherein you need to create an account; supply some personal information to verify your identity and deposit funds. From here, you’ll be able to place buy and sell orders through your broker, who will execute the orders on your behalf.

You’ll purchase Ethereum’s Ether using the same method you’d use to purchase other types of cryptocurrencies. If you’ve ever purchased cryptocurrency before, you’ll have an easy time investing in Ethereum.

I highly suggest these platforms if you are new to cryptocurrency, they are the most reliable ones, Coinbase, Binance, or Coinmama.

The Pros & Cons You Need know Before Buying Ethereum

Here are the things you need to consider before investing in Ethereum.

Pros

• Vitalik Buterin, Ethereum’s development community, and founder have set clear and consistent roadmaps for the Ethereum network’s project goals. This enthusiasm has inspired confidence in investors.
• Ethereum’s decentralized structure is a major benefit, providing users with a much higher level of privacy and security than centralized applications.
• The Ethereum network doesn’t rely on middlemen to service transactions. Thanks to smart contract technology, users can safely connect with each other without depending on a bottleneck company to provide service coordination. This helps users avoid unfair transaction fees and censorship related to location.
• Ethereum is more than just a coin — its ability to create decentralized applications have real-world use cases in a wide range of industries, from banking to medical record creation. 

Cons

• It is currently undergoing issues with scaling because it acts as a ledger (unlike some other cryptocurrencies, which offer only 1 function) Ethereum’s multifunctionality can lead to more hacks and bugs than some competing coins.
• Ethereum’s programming language, Solidity, can be tricky to learn for new users. While the network is Turing compliant, it’s difficult to find beginner-friendly tutorials that can help users take advantage of all of the benefits that Solidity can offer.
• Ethereum is not regulated by a central authority and its value can fluctuate wildly, unlike other cryptocurrencies. 

Conclusion

Investing in Ethereum involved risk since it is still an Internet currency, so you should always proceed with caution.

Yet, it could potentially be lucrative. Unlike Bitcoin or Litecoin, companies are really using Ethereum as a building block - something more akin to diamonds than gold. As an investor, this is a potential win.