With the Bitcoin fork and the recent surge in parts of the market, it is no wonder that Ethereum is starting to move back up.
Here are three reasons why it could be a great time to get into Ethereum.
1. Bitcoin Cash is currently holding it's value around $250. That is only about $20 less than Ethereum. Although Ethereum has a larger supply, when compared to Bitcoin Cash it is highly undervalued. Ethereum is the backbone for tons of new coins, funding and different projects across the crypto space.
Meanwhile, Bitcoin Cash is just something that Bitcoin holders own. There is no real purpose and it has a value of $250 per coin? Come on! Ethereum looks insanely undervalued when compared to Bitcoin Cash and other speculative coins.
2. Ethereum's value is about 8% of Bitcoin, despite the market cap being almost half as much as the dominate coin. When you look at the market cap and then the value it seems that it is highly undervalued. Ethereum rose and fell with Bitcoin during May, June and July while remaining almost exactly 10% of Bitcoins value. Now down around 8% it seems ready to bounce back up.
3. The overwhelming number of projects and dollars built on the back of Ethereum. Take a look at this list. Look how many assets are built on Ethereum.
The Ethereum platform is becoming more and more robust and integrated into the future of the crypto markets. Ethereum is on the move up. The best thing to do is buy some when you can and just hold on to it. With so many projects and very strong platform, Ethereum is a safe bet for the long run. It will go up. Maybe not today or tomorrow or the next day, but if you store it up and forget about it, you'll come back in 3 years to see that you have made a lot of money.
Do you think Ethereum is on the move in the short-term or long-term or both?
All screenshots from https://coinmarketcap.com / gifs from giphy.com
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