Cryptocurrency adoption is increasing rapidly across the globe and expected to remain the same in the coming years.
People are starting to believe in the existence and usage of digital currency that stored online and available at any time.
On the other hand, you may also be observing the rising price of cryptocurrencies such as Bitcoin (BTC) and thinking that cryptocurrency is now becoming unaffordable. Well, you might be wrong as the second-largest cryptocurrency after Bitcoin is still affordable and promises a bright future. Yes, we are talking about Ethereum which is the most profitable cryptocurrency after Bitcoin. Ethereum acts as money, and you can use it as a store of value offering a variety of options to its holders.
Let us find out whether Ethereum is going to be the next big cryptocurrency after Bitcoin.
What is Ethereum?
Ethereum is a decentralized network built on blockchain technology and aims to be much more than simply a medium of exchange or a store of value.
The tokens for Ethereum are called Ether (ETH) which can be use to exchange goods and services, like Bitcoin. Ethereum has seen rapid gains in its value over the last few years and expected to be the next biggest cryptocurrency after Bitcoin.
Future of Ethereum
Cryptocurrency has come a long way, and many are now believing in the existence of a crypto-based financial system.
Ethereum is a cryptocurrency that has become the most valued cryptocurrency after Bitcoin. However, it is still affordable and presents an excellent opportunity for individuals to invest in it.
Many global leaders have come forward in the support of Ethereum and one such global leader is Carl Runefelt, alias, The Moon. He has invested in more than 350 crypto startups and is pushing for the mass adoption of cryptocurrency.
He says, “I had gotten some nice profits from my Ethereum holdings for a long time. I have been holding Ethereum for multiple years.”
Carl has been buying Ether for a couple of years and made headlines worldwide when he purchased a $2 million Bugatti Veyron Grand Sport in Dubai purely with Ethereum.
So, Ethereum presents a remarkable opportunity for you to make massive gains in cryptocurrency. Instead of wasting your time and money, this is the right time that you should start buying Ethereum to become a global leader in cryptocurrency.
Ethereum is a popular altcoin and is much more than just a cryptocurrency.
Below are some of the benefits offered by Ethereum:
- Ethereum has the largest ecosystem in blockchain and cryptocurrency and a committed global community that’s assessed through years of operation.
- Besides as a digital currency, you can use Ethereum to process other types of financial transactions such as smart contracts.
- The Ethereum community always work on new and exciting decentralized applications to improve the network.
- Ethereum ensures its users the freedom from third-party intermediaries.
How to Buy?
People may tell you that you cannot buy Ethereum yourself as it is a network.
Well, hold on!
Buying Ethereum is as simple as buying Bitcoin. Instead, you buy Ether which is a coin and then uses it on the Ethereum blockchain.
Here are a few simple steps that you can follow to buy Ethereum:
- Pick a cryptocurrency exchange like Coinbase, Kraken, or Binance and create your account.
- Deposit cash in your account through your bank account or debit card.
- Buy Ether. Once the coins are in your account, you can trade them in the future.
- Choose a safe wallet like a cold wallet that not connect to the internet to store your Ether.
Get Your Ethereum Today!
You need to invest in Ethereum today for a few reasons: it has value and can be use as a virtual currency. It could become more attractive when it migrates to new protocols, and its demand may increase in the future considering the rising amount of investment.
Carl on his YouTube channel, The Moon, says, “Cryptocurrency is recognised across the world and is not affected by exchange or interest rates. It would also provide individuals living in economically fragile nations more stability and predictability.” So, this is the right time to own the world’s second-largest cryptocurrency unless it becomes unaffordable.