Ethereum Strengthens

On January 3, 2021, Ethereum topped $968. This represented over 17% gain from the previous day, and Ethereum had gained 279% in the past 6 months. This is similar to the gain that Bitcoin experienced at the same time.

While Bitcoin has gathered a lot of public interest, and buyers, Ethereum has quietly profited. There have been substantially fewer new stories covering Ethereum. Despite the lack of attention, Ethereum has risen significantly. This reflects several possibilities. First, Ethereum is a cheaper alternative to Bitcoin. More than 30 Ethereum can be purchased for the price of 1 Bitcoin. Second, the Bitcoin network is currently overloaded. This causes agencies to explore alternatives, such as Ethereum, if they can make the transition. Finally, Ethereum has much more technology built-in than Bitcoin which may hold a lot of promise for the long term.

Pixabay Image 3409658