Bitcoin versus Ethereum: Which one should you buy when the bull market returns

2022-12-24 17:47

Bitcoin and Ethereum rank #1 and #2, respectively by market cap

Bitcoin is a digital version of currency while Ethereum powers smart contracts

Both cryptocurrencies are attractive in a bull market

Bitcoin and Ethereum rank as the biggest cryptocurrencies. To an investor, deciding which one to buy can be confusing. However, it should be easy if you understand the role that each plays in the crypto evolution. 

Bitcoin (BTC)

Think of Bitcoin (BTC/USD) as a digital version of your local currency. The biggest cryptocurrency is, however, different since it is based on a peer-to-peer network. It is decentralised, hence distinct from the conventional currencies, which are controlled by states and national central banks.

As money evolves and digitisation takes over, Bitcoin could become the new form of money. That will see it become a means of payment and a store of value. 

Invented in 2009, BTC has immensely grown in value. In 2021, the cryptocurrency tapped an all-time high of above $68,000. That compares to a price of just $500 in 2016 before the cryptocurrency embarked on a sustained surge. Bitcoin now trades above $16,000 after a sustained bear market this year.

Where to buy BTC

eToro

eToro is a global social investment brokerage company which offers over 75 cryptocurrencies to invest in. It offers crypto trading commission-free and users on the platform have the option to manually invest or socially invest. eToro even has a unique CopyTrader system which allows users to automatically copy the trades of popular investors.

Buy BTC with eToro today Disclaimer

Coinbase

Coinbase is a global cryptocurrency exchange. Its platform is well designed for beginner investors and it offers a wide range of coins, as it has over 100 to choose from. Coinbase has high level security built into the platform, a range of diverse features to use and it offers its users options for storing their crypto, such as being able to store coins on the Coinbase exchange.

Buy BTC with Coinbase today Disclaimer

Ethereum (ETH)

Ranked as the second largest cryptocurrency, Ethereum (ETH) is viewed as the epitome of smart contracts. Like Bitcoin, Ethereum is decentralised and acts as a store of value, means of payment, and collateral.

Nonetheless, unlike Bitcoin, which is a dedicated form of digital money, Ethereum aims to power smart contracts, dApps, NFTs, and DeFi. It is also relatively newer compared to Bitcoin since it was created in 2015.

Ethereum price also had its fair share of strengths, reaching nearly $4,800 in 2021. Ethereum traded at less than $10 in 2016 before the start of a sustained climb. It now trades at $1,200 in a bear market. Investors anticipate that a recent move from proof of work consensus to proof of stake could power Ethereum to previous heights when the bull market returns.

Where to buy ETH

eToro

eToro is a global social investment brokerage company which offers over 75 cryptocurrencies to invest in. It offers crypto trading commission-free and users on the platform have the option to manually invest or socially invest. eToro even has a unique CopyTrader system which allows users to automatically copy the trades of popular investors.

Buy ETH with eToro today Disclaimer

Coinbase

Coinbase is a global cryptocurrency exchange. Its platform is well designed for beginner investors and it offers a wide range of coins, as it has over 100 to choose from. Coinbase has high level security built into the platform, a range of diverse features to use and it offers its users options for storing their crypto, such as being able to store coins on the Coinbase exchange.

Buy ETH with Coinbase today Disclaimer

Final verdict

Bitcoin and Ethereum are very strong cryptocurrencies. Their price movement is almost similar, making it difficult to choose one over another. The selection of which cryptocurrency to invest in depends on what you like about each. The technical outlook and fundamentals emerging from each can also help when making a decision.

The post Bitcoin versus Ethereum: Which one should you buy when the bull market returns appeared first on CoinJournal.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 61548.95 (+0.25%)
Объем 24H $28.49b
Изменеия 24h: -2.49 %, 7d: -2.34 %
Cегодня L: $61143.86 - H: $63088.03
Капитализация $1212.411b Rank 1
Цена в час новости $ 16820.58 (265.91%)

bitcoin ethereum market rank cryptocurrencies biggest smart

bitcoin ethereum → Результатов: 126


Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) See Higher Uptick in Discussions This Week: Here’s Why

The crypto market has been abuzz with discussions surrounding the top three cryptocurrencies by market capitalization – Bitcoin ($BTC), Ethereum ($ETH), and Solana ($SOL). As the Bitcoin halving event approaches and Ethereum and Solana face network-related challenges, the crypto community has been more vocal than ever about these assets.

2024-4-9 11:45


Фото:

Reddit IPO filing reveals treasury exposure to Bitcoin, Ethereum

Social media giant Reddit has been quietly buying Bitcoin and Ethereum with some of its excess cash and holds an undisclosed amount of the two tokens in its treasury for investment purposes. The social media giant’s crypto exposure details were revealed in its initial public offering (IPO) prospectus, which was filed with the SEC on […] The post Reddit IPO filing reveals treasury exposure to Bitcoin, Ethereum appeared first on CryptoSlate.

2024-2-23 00:23


Report Claims Ethereum is the Least-popular Cryptocurrency in 2023, While This New Bitcoin Fork is Trending

Ethereum (ETH) was once the premier smart contract platform, and it has encountered hurdles on its journey. Meanwhile, Bitcoin Spark (BTCS), a new Bitcoin Fork, is moving to the top. Let’s explore Ethereum’s chances of being a good investment option, contemplate ETH’s price predictions, and uncover details about the prominence of Bitcoin Spark in 2023.

2023-9-15 13:00


Why is Ethereum underperforming Bitcoin since the Merge?

Key Takeaways Ever since the Merge went live in September, Ether has underperformed Bitcoin significantly  This is despite the supply of Ethereum falling post-Merge More Ether is also being staked since the Shapella upgrade in April  Demand has fallen with regard to Bitcoin, however, overriding the lower supply Regulatory crackdown and greater institutional interest in […] The post Why is Ethereum underperforming Bitcoin since the Merge? appeared first on CoinJournal.

2023-7-24 11:56


Why is Ethereum outperforming Bitcoin since the Merge?

Key Takeaways Ever since the Merge went live in September, Ether has underperformed Bitcoin significantly  This is despite the supply of Ethereum falling post-Merge More Ether is also being staked since the Shapella upgrade in April  Demand has fallen with regard to Bitcoin, however, overriding the lower supply Regulatory crackdown and greater institutional interest in […] The post Why is Ethereum outperforming Bitcoin since the Merge? appeared first on CoinJournal.

2023-7-18 16:57