Regarding the rising popularity of ethereum reflected in top crypto rankings.we will focus on why and how to trade ethereum and its features.
This can be better than Bitcoin
What is the better investment: bitcoin or ethereum? To get the answer to this question, as a trader, you should keep an eye on both crypto parities and see which one is best suited to your trading style when you want to invest. Here we will focus more on why ethereum is a good investment and how to trade ethereum, regarding its rising popularity reflected in top crypto rankings.
Crypto Network Rankings
The CCID Research Institute, the Chinese government-backed tech force, has released its 19th crypto ranking.
EOS takes first place, followed by ETH. The IOST, which ranks just after ETH, is perhaps the big winner of the ranking. The IOST has the highest score in technology but lags far behind the top 10 in creativity.
Meanwhile, TRON (TRX) comes in 4th place, still better than Bitcoin, but far behind ETH.
Should You Invest In Bitcoin Or Ethereum
Choosing your favorite cryptocurrency depends on your trading strategy and personal preferences. Put them both on tests for some time. See which one matches your view of the market and your expectations.
While the two currencies, Bitcoin and Ethereum, are powered by the principle of large distributed ledgers, regarding the time of forming a block, Ethereum’s transaction is confirmed in seconds compared to several minutes of Bitcoin.
But Ethereum, despite being less expensive than BTC, is also a very secure currency.
From a general perspective, Bitcoin and Ethereum have entirely different goals, aiming to solve a specific problem.
Bitcoin was meant to be an alternative to fiat currencies as it has always been known and is, therefore, a means of transaction payment and value storage.
Ethereum is developed as a platform that facilitates peer-to-peer (person-to-person) contracts and applications while using its currency. While Bitcoin and Ether are two digital currencies, the primary purpose of Ethereum is not to establish as a payment alternative, but to facilitate Ethereum’s network to enable developers to build and run distributed applications.
How To Trade Ethereum – The specificity of Ethereum
The implementation of blockchain technology goes far beyond simple digital currencies.
Launched in July 2015, Ethereum is the largest and most established open decentralized software platform that enables the building and running of smart contracts and Distributed Applications (Dapps) without disruption, fraud, control, or interference.
Ethereum doesn’t represent only a trading platform, but also a programming language that runs on a blockchain, helping developers build and publish decentralized applications.
The potential applications using Ethereum’s technology are vast and run on its specific ether-token platform. In 2014, Ethereum launched a pre-sale for Ethereum, which received an enormous response. Etherium is like a vehicle for the Ethereum platform; it is sought after by developers looking to develop and run applications inside Ethereum.
How to trade Ethereum – Is It a good investment
Ethereum has long established itself as one of the largest and most successful cryptocurrency projects. Therefore ethereum is a good investment. Although not yet in the same category as Bitcoin in terms of value, Ethereum has completely eclipsed all other altcoins. Today it is among major rivals to the original crypto coin.
Since ETH market cap reaches $41 billion, most market watchers believe Ethereum is here to stay and dominate. Due to its immense popularity, you can purchase Ethereum from all online cryptocurrency brokers. You can also purchase with many less specialized brokers now, also offering the ethereum tokens.
It is important to study Ether and Bitcoin charts and become familiar with the instrument in which you choose to invest. This is even more relevant for short-term charts, where the price action can sometimes be quick and unexpected. Some instruments will probably suit better to your trading style than others. You should always make sure that you know how to buy or sell ethereum before trading it for real money. For this, you can use a demo account to invest Ether or other virtual currency. It will allow you to learn the ropes of trading CFDs and to get to grips with the trading platform in an entirely secure environment.