One of the most widely known cryptocurrencies in the world, Ethereum needs no introduction even for people who don’t know much about the crypto world. The blockchain behind it is used in many various ways, but many crypto investors actually care about just one thing: will ETH grow even more? Is it still a good investment? In this article, we’re going to give you 4 reasons to continue believing in ETH.
What’s so special about ETH
Ethereum is currently the second biggest crypto token by market cap, outrun only by Bitcoin. Probably the main feature of the blockchain is smart contracts, small chunks of self-executing code which allow the creation of many decentralized applications. While the price of the coin has recently dropped three times, now it seems to grow steadily again. Let’s check out the main reasons behind that growth.
Ethereum 2.0
The Ethereum blockchain awaits a major upgrade that will make transactions cheaper and faster. The main goal of this update is to make the network even more popular and widely used, and that is going to boost the ETH price. While the current version can process only 30 transactions per second, crypto experts expect that Ethereum 2.0 will be able to process about 100,000 of them in a moment.
NFTs and metaverses
Digital blockchain-based assets like NFTs are among the most promising applications of the Ethereum blockchain. The introduction of metaverses, often defined as entire ecosystems of virtual assets, is an interesting innovation that will definitely drive the ETH value further up. So if you’re still asking yourself ‘Should I buy Ethereum right now?’, make up your mind before the price of the token grows too much.
Long-term potential
There are literally thousands of blockchains out there, but the majority of experts agree that Ethereum is going to dominate a large portion of the crypto world in the near future, especially the DeFi area. Its strong community, various applications, and frequent updates mean that the token will probably grow in the long term, making ETH a great investment if you’re ready to wait a little bit.
Price movement
Even if you don’t know about any changes in the network itself, the ETH price graph speaks for itself: the price steadily grows, so even a short-term investment may prove extremely profitable. However, the crypto market is as unpredictable as always, so if you really want to trade ETH, make sure to learn about all the risks.
