Ethereum is a decentralized blockchain which has the functionality of smart contracts. $ETH is the native currency of the platform. It was launched in 2015 by vitalik Buterin and Gavin Wood.
$ETH has shown excellent strength in terms of price gains in the last few days. Its the 2nd largest crypto asset which is widely popular among crypto enthusiasts. Its an open source software.
According to stats from coingecko website Ethereum has an infinite supply but there are only 120 million in circulation from which 34% are locked in contracts.
Ethereum has outperformed rest of the crypto market in terms of price gains in the last few days. We saw that each of the altcoin dipped including bitcoin but $ETH kept the upward momentum and hit a high of $2700 .
There is no doubt that Ethereum is the 2nd best popular crypto after the bitcoin due to its strong fundamentals and tech. Ethereum is the strong Layer 1 blockchain which never stopped building. The team continues to deliver without any doubt. This is the reason it is taking the 2nd rank since the beginning.
There is only one issue that bothers me about Ethereum. The issue im talking about is the high transaction fee it charges. This is where i hate ethereum. Paying $30 transaction fee to send just $10 is a huge disappointment. Well, I hope this issue will be solved in the future.
As we know that Ethereum was launched in 2015 it had a lowest price of $0.43 at that time. And the highest it price it reached in recent year was $4900 thats a wonderful progress.
Ethereum is currently trading at $2500 it still has strong potential which can push its price more than $8k and maybe higher in the coming days or months as some of the crypto analysts predicted.
I had a nice bag of $ETH when it used to be around $130 but unfortunately i couldnt hold it for longterm because i was not aware about its potential. It was my biggest mistake in crypto. Actually i was a newbie at that time which really did cost me huge. Well, mistakes are made but its always good to learn from them and do not repeat.
Ethereum price showing some nice gains currently is due to people selling altcoins and buying it as they know that $ETH is the real and authentic deal.
Recently We have seen impressive growth from Solana , and Injective which people care selling now to jump onto ethereum. I have heard some of the people selling bitcoin to buy Ethereum.
People are showing more interest in $ETH because bitcoin ETFs are already approved and the hype is now shifting to ETH ETFs. All eyes are now focused on Ethereum as people are expecting ETH ETFs next in the pipeline.
No doubt Ethereum is a good strong blockchain as well as asset but i dont think that it can overtake Bitcoin as some of the people think so. Even if $ETH ETFs gets approved it cannot overtake Bitcoin. Bitcoin is a king from the beginning and it will remain the king no matter what others build.
Thats it for today. Thanks for reading. What do you think about my today's topic? Let me know your thoughts in comment section. In the end i would like to Wish you and your family a happy day ahead. Stay Blessed.
Motivation Dose
Get out of your comfort zone and fight the troubles and hurdles that come your way to success. Success awaits you. Life is beautiful ، live it to the fullest. Dont be hopeless. Stand strong in the ups and downs of life as its part of life. There is always a light behind every dark side.
About Author
