What is your view and your opinion about Ethereum?
What is your view and your opinion about Ethereum?
The second most popular cryptocurrency coin is ethereum, Ethereum is ranked #2 in the cryptocurrency market place. Currently many people are investing in Ethereum and they say that investing in Ethereum can be more profitable than Bitcoin, because they say that when Bitcoin is 100k then Ethereum price will reach 10k. In this they can earn more than Bitcoin. What is your view and your opinion about Ethereum?
It’s a cryptocurrency that could potentially give you more upside knowing there’s a non-zero chance that an Ethereum ETF can be approved in the future.
With that said, as anything that could give you more upside, the downside is bigger as well. Also taking note that in the smart contact niche, Solana has gained decent market share because of the far cheaper fees and the cosmos ecosystem is starting to get heated up as well. Hence the long-term success of Ethereum is not as certain as Bitcoin’s.
In the end though, wanting more potential profit isn’t necessarily bad. Just make sure to practice proper risk management.