Ethereum is Known as “Second in Command” to the Ultimate Pioneer of Digital Currency Revolution who is None other than BITCOIN whose creator Remains a Mystery. Driven By Community, These Two Digital Assets are the Major Leading Ambassadors of the Cryptocurrency and Blockchain Market.
With Over $253 Billion Market Cap, Ethereum is the Second largest-Owned Cryptocurrency in the World with Several Sub-projects and Adoption level.
Currently Hanging Around $2000 – $3000 in Price Range, Ethereum Sparks Speculations in Minds of Investors, Giving them Mixed Emotions whether it’s going to Measure up to it’s Counterpart’s Rapid Price Ascension Over the Past Few months.
BTC Climbed up to $100,000 Prior to “POTUS” Official Inauguration, Sparking Major Excitement and Massive Buys and Acquisition in BTC from Big Trading and Investment Firms like BLACKROCK and Countries like EL SALVADOR. All Happening While Ethereum Holds Almost the Same Price point which shows Big Corporation Still Has Mixed Feelings About the Digital Asset.
Several Pro-ETH Crypto Influencers Are Working Harder to bring More Attention to Ethereum’s Potentials, Versatility and Flexibility over the Years. Promoting Ethereum’s values For More retail Adoption and Participations.
MAJOR FACTORS IMPACTING ETHEREUM’S GROWTH.
The Crypto Market is Driven by certain factors that can have a “Chain Reaction” Effect and Make or Break a Cryptocurrency project, and most of these factors are tied to VALUE, TRUST, FEAR AND CONFIDENCE. These are Emotions Felt by Both simple Retail Traders and Bigger Whales in the Crypto Niche.
- Gas Fee – In Simple Terms, Gas Fee in Blockchain are like charges that helps facilitate Crypto transactions from One wallet to another. However, Ethereum Gas Fee Has been Incredibly High due to complexity of Transactions and Demand or congestion of network. Imagine Paying Millions in gas fee on Bigger Transactions when you can Use other Gasless Options to facilitate your transactions
- FUD – This Means ( FEAR, UNCERTAINTY AND DOUDT ), A Syndrome that Affects every trading individual at some point, Some more than Others, “According to Diagnosis”. Psychologically Speaking, Ethereum has always been Matched up and Compared to BITCOIN since the beginning of time, and this comparison Always Lands a Negative Blow on Ethereum as BTC Gains Prices. While Ethereum Holders Stay Solid, New Investors which are crucial for the Growth of Ethereum Has Always Preferred to Buy the Trending BTC or the Low-Gas SOLANA.
- Sentiments and Skepticism – Just Like FUD Explained Above, Sentiments matters most if any cryptocurrency is going to shoot higher or remain dormant.
WHY ETHEREUM IS UNSHAKABLE REGARDLESS OF FUD.
- Ethereum is Building! – Everything that revolves around Ethereum Encourages and Embraces Evolution and Improvement. Ethereum Foundation Keeps Supporting Builders, Validators and Innovative Projects. Crypto Market is based on an “IMPROVEMENT” Foundation and Ethereum is a Crucial player in that Activity
- Robust Layer-2 Projects – Layer 2 Projects gives more leverage and helps Ethereum Stay relevant. In fact, Ethereum layer 2 Projects like BASE CHAIN, ARBITRUM Did well in Addressing Gas fee when interacting with ETH and Helps Bring Onboard more Users and Liquidity
• 3. Longevity and Trust – At the end of the Day, The Consistency of Ethereum and the important Position of it as the Second largest Cryptocurrency Gives it a Sheer Advantage as a trustable Asset worthy of any Cryptocurrency portfolio. Even President Donald Trump Has his Own Share of ETH Ownership.
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