Cryptocurrency by and large is a digital or virtual currency that uses cryptography to secure and verify transactions, as well as to control the creation of new units. Cryptocurrencies operate independently of a central bank and are decentralized, meaning they are not subject to government control.
Ethereum was founded in 2014.
To clarify the difference been Etherium & Ether, Ether is used as a digital or virtual currency for investment whereas Ethereum is a network of blockchain where 8Ether is exchanged. In other words, Ethereum is the network and Ether (ETH) is its native token.
Ethereum supports decentralized applications (dApps) and smart contracts, which allow developers to build and run decentralized applications on the Ethereum network. With so much attention, investing in Ethereum is not a small decision. Ethereum NFTs (and ERC721) give you the opportunity to diversify your investment, add an extra dimension of control, and make the most of your money.
Below is a graph showing the performance of Ether in the previous years.
As you can see through the return potential is immense the risk associated is also equally high. However as part of diversification of portfolio investing in Ether is a considerable option.
For optimizing the risk of fluctuations its advisable to follow a Systematic Investment over a long run, As the fluctuation sure too high a weekly basis of investment can also be considered.
A word of Caution
The future of Ethereum (ETH), the second largest cryptocurrency by market capitalization, is also subject to a degree of uncertainty.The Ethereum network is currently undergoing a major upgrade, Ethereum 2.0, which aims to improve its scalability, security, and energy efficiency, among other things. The successful implementation of Ethereum 2.0 could boost confidence in the platform and drive growth in its use and value.
However, Ethereum faces competition from other blockchain platforms that offer similar functionality and a growing number of dapps and tokens built on top of these platforms. In addition, the regulatory landscape for cryptocurrencies and blockchain technology continues to evolve, and any future changes could have an impact on the growth and adoption of Ethereum.
Summary
Overall, the future of Ethereum remains uncertain and depends on a variety of factors, but its strong development community and potential for innovation in the blockchain space suggest that it will continue to be a major player in the cryptocurrency market in the coming years, which means being investment could possible bring you immense wealth too.
if you feel it worth a shot and need assistance please feel free to ping us.
Thankyou.
For FinPlan UAE
Sreekanth Pillai
0503963193
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