Ethereum, has gradually over the years gained popularity in the
Ethereum, has gradually over the years gained popularity in the crypto market, and has now become 3rd cryptocurrency by market cap.
If you have doubts as to whether it is a good idea to buy Ethereum in 2019, especially since the crypto market has been victim to an extensive bearish phase, we might be able to help you out.
You may also read: How To Buy Ethereum?
Here are 10 reasons to buy Ethereum in 2019.
1. Growing popularity
Ethereum has been extremely quick in establishing itself as one of the largest digital currencies over the past few years.
There are now millions of Ethereum users all over the world.
2. Enterprise Ethereum Alliance
The technology behind the Ethereum is called “The Enterprise Ethereum Alliance,” by virtue of which the Fortune 500 group of companies that have all agreed to work together to build upon Ethereum’s blockchain technology. It’s also referred to as “smart contract” technology.
3. Good valuation
Though the crypto market is often plagued by tremendous volatility, and is currently going through a rough patch, the fact that Ethereum has scaled to $1389.18 on January 15, 2018 is indicative of Ethereum’s capacity to rise.
4. Availability
Ethereum, today is available on almost all exchanges and platforms which deal with crypto transactions, the most renowned of which is Coinbase. This makes accessing it, as well as using it a fairly easier affair.
Ethereum can also be bought by PayPal and/or credit and debit cards, which might contribute to the same factor.
5. Quick processing
More people are using Ethereum because of its flexibility and its quick processing time of 12 seconds. Ethereum is written in a Turing-complete code language which is why it is capable of running an algorithm from any computer.
Because of the Turing-complete language, any script can run on ETH. Its blockchain is processing transactions in 12 seconds, as opposed to Bitcoin’s 20 minutes.
You may also read: 10 Differences Between Ethereum and Ethereum Classic
6. Increased Usage of Smart Contracts
Through smart contracts, you can make decisions, store the contract and send to others. As long as the whole network exists, the contracts can be executed and will only disappear if they were programmed to self-destruct.
In Ethereum, you could establish thousands of smart contracts with the same code while all of them are conceptually created. Every contract is created with a distinctive address. So, users find it easy to develop multiple contracts on the same platform
7. Usage
Ethereum will also be a good investment this new year, because day by day, the popularity of cryptocurrencies are on the rise, and Ethereum is already being used by people to buy goods from stores. The number of such organizations is bound to increase gradually with the passage of time.
8. Community
Due to its continued rise in terms of market cap, and use cases, Ethereum has also developed a huge community, that shares knowledge and helps each other.
9. Institutional investors
In the quest for normalizing cryptocurrency and making its usage more mainstream, the most important actors are institutional investors. As it turns out, many such organizations have accepted Ethereum and are now using it, which makes ETH an even better coin to invest in.
10. It could be the future
Digital currencies such as ethereum have the potential to shake up and revolutionize the financial system in the same way Uber and Airbnb have done in their own industries.
Trust in traditional markets and fiat currency is decreasing every passing day, due to the need for more privacy, and people are increasingly getting more comfortable with the online world.
Conclusion
That being said, it is imperative that cryptocurrency’s popularity and use cases are on an exponential growth, and thus investing in Ethereum, this new year will not be a bad idea at all.
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