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Bitcoin and Ethereum rank first and second respectively by market capitalization
Bitcoin is the digital equivalent of currency, Ethereum powers smart contracts
Both Cryptocurrencies Are Attractive in Bull Markets
Bitcoin and Ethereum rank as the largest cryptocurrencies. For investors, deciding which one to buy can be confusing. However, once you understand the role each plays in the evolution of cryptography, it should be easy.
think of Bitcoin (BTC/USD) as the digital equivalent of the local currency. However, the largest cryptocurrencies are different as they are based on peer-to-peer networks. Because it is decentralized, it differs from traditional currencies controlled by state or national central banks.
As money evolves and becomes more digital, Bitcoin could become a new form of money. It will see it become a means of payment and a store of value.
Invented in 2009, BTC has grown in value tremendously. In 2021, cryptocurrencies will surpass an all-time high of $68,000. This compares to his price of just $500 in 2016, before the cryptocurrency embarked on its sustained surge. Bitcoin is now trading above $16,000 after a sustained bear market this year.
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Ranked as the second largest cryptocurrency, ethereum (ETH) is seen as the epitome of a smart contract. Like Bitcoin, Ethereum is decentralized and acts as a store of value, a means of payment, and collateral.
Nevertheless, unlike Bitcoin, which is a dedicated digital money, Ethereum aims to power smart contracts, dApps, NFTs, and DeFi. It was also created in 2015, so it is relatively new compared to Bitcoin.
Ethereum’s price has also seen considerable strength, reaching nearly $4,800 in 2021. Ethereum was trading below $10 in 2016 before the start of its sustained rally. Currently, in a bear market he is trading at $1,200. Investors expect the recent move from Proof of Work consensus to Proof of Stake could propel Ethereum to its previous highs when the bull market returns.
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eToro offers a wide range of cryptocurrencies such as Bitcoin, XRP, as well as crypto-fiat and crypto-crypto pairs. eToro users can connect, learn, copy, and be copied by others.
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bit stamp
Bitstamp is a leading cryptocurrency exchange offering fiat or cryptocurrency trading in general. Bitstamp is a fully regulated company that offers its users an intuitive interface, high security of their digital assets, excellent customer support and multiple withdrawal methods.
Buy ETH on Bitstamp now
Bitcoin and Ethereum are very strong CryptocurrencyThe price movements are about the same and it’s hard to choose one over the other. Choosing which cryptocurrency to invest in depends on your individual preferences. Technical perspectives and fundamentals from each are also helpful in decision making.
