Bitcoin vs. Ethereum: Which One Should You Buy?
Cryptocurrencies will go down in history as the investments that prospered during COVID 19. Virtual trading has attracted most individuals since last year, both with varying opinions concerning the industry.
Bitcoin vs. Ethereum
So, between Ethereum and Bitcoin, which one should you buy at the moment? Firstly, both BTC and ETH are leading assets you can find in the market now. Although with many similarities, the two digital coins differ in some areas. In this content, you will learn how ETH differs from BTC and the best option to invest in for now.
How the Two Differ
Firstly, whenever comparing Ethereum to Bitcoin, keep in mind that not both are cryptocurrencies. In 2021, you probably have an idea about Bitcoin. The virtual coin has been in the cryptocurrency space since 2009. A mysterious team created BTC to conduct anonymous transactions and get rid of third parties to accomplish secure payments.
Although most people refer to Ethereum as cryptocurrency, it is a crypto network. You will need Ether currency to complete your purchases via the Ethereum platform. Though you can use the names interchangeably, knowing the difference is vital to your investments. You can use the Ethereum network to inaugurate smart contracts and create your apps.
Ether and Bitcoin Fluctuations
Ether and Bitcoin have had surges over the past year, rising by 1,460% and 335% respectively. However, the values went opposite over the past few months.
You probably know how prominent individuals like Jack Dorsey and Elon Musk have backed Bitcoin at the start of 2021. Tesla went ahead to invest its billions in BTC. Although, the company suspended the deal some weeks ago.
Unlike Bitcoin, Ethereum does not have both celebrity support and unknown- beginnings. Vitalik Buterin, the youngest cryptocurrency billionaire, co-founded the Ethereum network.
Choosing one
Indeed, selecting Bitcoin and Ethereum is challenging. Most experts will advise diversification in this industry. With that in mind, here are some features that can attract you to ETH.
Ethereum has about 2,300 developers, whereas Bitcoin has around 400. The recent price drops affecting most cryptocurrencies indicate that Ether is more stable, not affected much by celebrities that no one knows whether they do paid promotions or invest in BTC. Ethereum momentum seems reliable.
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