Connect with us


Ethereum: Growing Faster Than Bitcoin




Ethereum (ETH) has extended lay in the shadow of leading cryptocurrency Bitcoin (BTC) —but that might be changing. Actually, amidst a solid 2021 for  Bitcoin, which’s seen the buying price of the coin nearly double because of the start of the year, Ethereum has enjoyed a lot more dramatic gains, especially lately.

Today (May 12), the buying price of Ethereum set a fresh all-time a lot of $4,357, following CoinGecko, and that bar has been raised time and again in recent weeks. Ethereum’s price is up nearly 30% within the last week and has almost doubled within the last 30 days alone. As a consequence of the brand new peak, Ethereum briefly crossed a $500 billion total market cap for the first time today.

Granted, Ethereum still lags behind Bitcoin in numerous key metrics. The price tag on ETH currently sits at $4,104 as of this writing, whereas the buying price of Bitcoin happens to be $54,767, about 15% below its all-time high go about monthly ago. Meanwhile, its market cap is a lot more than double that of Ethereum, at only over $1 trillion.

Certainly entertainment news, Ethereum may never match the per-coin value of Bitcoin, which includes a good deal more limited supply and occasionally seems as “digital gold” — a long-term store of value — by many investors. But in regards to recent gains, investors have observed a bigger return from ETH than BTC.

While Bitcoin’s current price is about to 86% higher than on January 1 ($29,352), Ethereum has a lot more than quadrupled the $730 fee that CoinGecko reported from the beginning of the year. Bitcoin only passed a $500 billion market cap valuation back in December so that a whole lot could happen in a little time in a blazing market similar to this — and Ethereum is still surging, while Bitcoin has cooled off in recent weeks.

Bitcoin and Ethereum have grown hand-in-hand over the years, but lately, Ethereum’s wider functionality and optimism about enhancements ahead might be driving demand.

Ethereum is a smart contract blockchain platform useful for an increasing array of decentralized applications, particularly decentralized finance (Defi), which currently has nearly $90 billion in total value locked within contracts (via DeFi Pulse). It has additionally benefited from this year’s explosion in interest and money poured into non-fungible token (NFT) collectibles, including things such as rare artwork, video clips, and other verifiably scarce digital items which are tokenized on a blockchain.

Alongside increased institutional interest and investment additionally, there are changes ahead for Ethereum as well. The biggest could be the gradual transformation from its current proof-of-work consensus model — which requires ample computing power, similar to that particular of Bitcoin — to a far more eco-friendly proof-of-stake model in Ethereum 2.0.

That process is underway, but it’s unclear once the long-awaited shift is likely to be completed. A smaller network upgrade dubbed the “London hard fork” is because of roll outcome July 1st; this will alter how fees work and “burn” more ETH to lessen the supply and potentially make the coin a lot more valuable.

Despite the recent rise in value, you can potentially find further gains ahead in 2021. Crypto analyst Megan Kaspar predicts an ETH price of $8,000 to $10,000 by the conclusion of the year, which nears the $10,500 year-end price estimate of David Grider, head of digital assets research at Fundstrat Global Advisors (via Business Insider). Grider sees Bitcoin making its method to $100,000 by year’s end, as well.

Continue Reading
Click to comment

You must be logged in to post a comment Login

Leave a Reply


A Guide to Blockchain, Cryptocurrency, & Tokens




You’ve probably heard of blockchain, but do you know what it is? This technology is opening the doors for all kinds of financial and business opportunities. It has already changed the way we think about money, art, and centralization. Whether you are excited by the future or are frightened by it, one thing is for sure. There is no stopping the progress of technology. Blockchain technology will continue to evolve, but it is already changing fin-tech. Below is a guide to blockchain, cryptocurrency, and tokens


Blockchain is a ledger that can be shared between multiple parties. It is immutable, meaning that every change to the blockchain is recorded and presented—even errors that have been fixed. Blockchain records transactions and tracks assets. It has made it possible to prove the ownership of digital assets without a third party. Just about any transaction can be recorded using blockchain, but it is particularly useful for buying, selling, and trading of digital assets like cryptocurrencies and NFTs (non-fungible tokens).


Encryption is the scrambling of content and metadata so that no one can see it without a passcode key. So much of the internet is encrypted these days. For example, there are encrypted messaging apps that enable you to talk with people privately without anyone having access to the metadata or content of the messages. Virtual private networks (VPNs) are encrypted web browsers. Furthermore, cryptocurrency is encrypted currency. Encryption is pivotal in any blockchain technology and transactions.


Cryptocurrency is digital decentralized currency that is obtained by mining, minting, or buying the coin. Bitcoin was the first significant cryptocurrency that many people started mining before any other. Ethereum is known for its advanced blockchain technology. There are many others, and more are popping up all the time.

While cryptocurrencies are decentralized, they can be converted into all kinds of state currencies. Some countries do not allow this, and others have various regulations about conversions, but it will be difficult to stop the crypto revolution. Cryptocurrencies have made people a lot of money and will continue to be an alternative form of payment and transactions. Not only can you convert crypto into US dollars, but you can also buy other digital assets like tokens.


Mint tokens come in two different forms—fungible and non-fungible. It all begins with something called a smart contract. A smart contract is a set of digital rules stored on a blockchain. It can be executed automatically. Smart contracts can define rules for a particular set of digital transactions. It also enables individuals and businesses to mint tokens.

Fungible tokens don’t go through as money processes and are therefore easier to create and sell. These tokens typically contain a set of information. Fungible tokens are not unique. They’re identical and reproducible. In most cases, this makes cryptocurrency a fungible asset.

Non-fungible tokens (NFTs) are minted pieces of data that cannot be recreated. For example, anything digital can be minted into an NFT. It’s become possible for selling digital art, music, videos, GIFs, and other forms of digital assets. When someone has a digital asset that they want to mint and make unique. NFTs cannot be traded at equivalency like fungible tokens. They need to be bought.

Improve Traceability

All these transactions are easily traceable. No one can remove transactions from the blockchain ledger, which can be shared. The improved traceability removes the middleman from these digital transactions and provides a way to prove ownership over digital content and resources. This will greatly change the way we do business online. With an easy, fortified way to buy, sell, and record these digital transactions, the sky’s the limit with how this technology will be used.

Whether it’s blockchain, cryptocurrency, or minted tokens, there are plenty of new ways to package, buy, and sell digital assets. Soon digital content will have legitimate, real-world value. In some cases, it already does. You can even mint and sell a Tweet now. This sort of thing has divided a lot of people. Some like the idea of this digital landscape and others do not. However you feel about it, there is no stopping the progress of this technology and the impact it will have on our society. It’s time to use it to our advantage.

Continue Reading


%d bloggers like this: