The Real Reason Ether Prices Keep Going Up

The Real Reason Ether Prices Keep Going Up
The cryptocurrency world was turned on its head when Bitcoin prices surged to nearly $20,000 in December 2017. But since then, Bitcoin has lost a significant amount of its value and market dominance. As of June 2018, Ethereum’s currency, Ether, has taken the lead as the top cryptocurrency by market capitalization. So what’s driving Ethereum prices higher? Let’s take a closer look. Photo by Diego Rodriguez on Pexels The Real Reason Ether Prices Keep Going Up
Ethereum’s Blockchain Advantages
Ethereum’s blockchain technology offers several advantages over other blockchain platforms. First, Ethereum is more flexible than Bitcoin in terms of its...
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The cryptocurrency world was turned on its head when Bitcoin prices surged to nearly $20,000 in December 2017. But since then, Bitcoin has lost a significant amount of its value and market dominance. As of June 2018, Ethereum’s currency, Ether, has taken the lead as the top cryptocurrency by market capitalization. So what’s driving Ethereum prices higher? Let’s take a closer look. Photo by Diego Rodriguez on Pexels The Real Reason Ether Prices Keep Going Up
Ethereum’s Blockchain Advantages
Ethereum’s blockchain technology offers several advantages over other blockchain platforms. First, Ethereum is more flexible than Bitcoin in terms of its scripting language, which allows for the development of more complex smart contracts and dapps. Second, Ethereum has a much higher transaction throughput than Bitcoin, meaning that it can handle more transactions per second. Finally, Ethereum’s governance model is more decentralized than Bitcoin’s, which gives it a better chance of surviving potential forks or attacks.
The Promise of Ethereum-Based Dapps
The biggest reason why Ether prices are going up is because of the promise of Ethereum-based dapps. A dapp is a decentralized application that runs on a blockchain platform like Ethereum. Dapps have the potential to disrupt many industries by providing a trustless and decentralized way to do business. For example, there are already dapps that allow for peer-to-peer lending, online gambling, and prediction markets. As more and more people become aware of the potential of dapps, the demand for Ether will only continue to grow.
Increased Institutional Interest
Another reason why Ether prices are on the rise is because institutional investors are beginning to take notice. In the past year alone, we’ve seen major financial institutions like Goldman Sachs and JPMorgan Chase invest in Ethereum-based projects. We’ve also seen venture capital firms like Andreessen Horowitz invest millions of dollars in Ethereum startups. As institutional money continues to flow into the space, we can expect to see Ether prices continue to rise.
How to Invest in Ethereum
Buy Ethereum Directly
The easiest way to get Ether (ETH) is to buy it on an exchange. This requires setting up an account with a trading platform and completing the required KYC/AML procedures. Once your account is setup, you’ll need to deposit USD, EUR, or another fiat currency supported by the platform into your account using a bank transfer or wire transfer. From there, you can place an order to buy ETH directly from the exchange.
One popular option for buying ETH is Coinbase, which allows users to buy ETH with a credit card or bank transfer. Another option is Gemini, which supports bank transfers and wire transfers.
If you’re looking for a more decentralized option, you can also try LocalEthereum, which is a peer-to-peer marketplace for buying and selling ETH.
Buy an Ethereum Mining Contract
Another way to get Ether is to mine it yourself. This requires purchasing mining equipment and setting up a mining rig. Mining rigs typically consist of multiple high-powered graphics cards that work together to solve complex mathematical problems. The rewards for solving these problems are newly minted ETH tokens.
Mining can be profitable if done correctly, but it’s important to do your research before getting started as it can be expensive and time-consuming. Additionally, the amount of ETH you can mine will decrease over time as more tokens are mined and added to circulation. As such, mining may not be a viable long-term investment option.
Invest in an Ethereum-Based ICO
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