There is no doubt that Bitcoin continues to set the bar for cryptocurrency investors. However, there are several other cryptocurrencies that are worth considering and offer better prices and opportunities to get into the market than Bitcoin.
Of these cryptocurrencies, the one most experts are recommending is Ethereum. Not only is the cryptocurrency steadily gaining ground on Bitcoin, but the blockchain technology that Ethereum uses is used for a range of other applications. This includes NFTs (non-fungible tokens) and even in the development of smart contracts and business blockchain applications.
Steady Increase
Ethereum first came on the market in 2015, and at that time, investors could purchase one Ethereum coin for less than just three dollars. In November of 2021, when cryptocurrency hit an all-time high, that same coin was worth $4981, which is a very good return on your investment.
Today, Ethereum is recognized as the second biggest cryptocurrency behind Bitcoin. There is still a large gap in the difference in value between the two, but that gap is shrinking.
Increased Use and Flexibility
As Bitcoin has moved into mainstream business and even financial institutes, Ethereum remains more flexible. Rather than focusing on getting large investors or big companies to use the cryptocurrency, the focus is on the promotion of the Ethereum blockchain, which then drives up the value of Ethereum as a whole, not just the cryptocurrency.
This provides investors with the option to invest in the cryptocurrency, the blockchain technology, and businesses that use the Ethereum blockchain to create a more diversified investment strategy.
