Ethereum (ETH) is on a rising spree in 2020 w.r.t price. But its network is also established and increasingly proving quite significant.
Bitcoin Supporters Should Own Some ETH for Upside Potential
BTC blogger, Sylvain Saurel, looked at the reasons Ethereum is here to stay, and why Bitcoiners should not diss the project outright. Saurel believes Bitcoin (BTC) remains unique, but there are also good reasons to start owning at least some ETH tokens.
5 Reasons Why You Should Consider Ethereum Even if You Are a Bitcoiner #Ethereum #Bitcoin #Crypto #Cryptocurrencies #Cryptocurrency #Investinghttps://t.co/ACdAkDSs7R cc @crypt0snews @GoCryptoCrunch @sebbourguignon
— Sylvain Saurel (@ssaurel) February 22, 2020
In 2020, Ethereum already has a large and well-established ecosystem, with Maker (MKR) alone showing the potential for decentralized finance. This gives a boost to ETH, as the combined market capitalization of all projects is even more significant, and competes with the market cap of BTC.
Saurel also believes ETH prices reflect the overall sentiment of the entire altcoin market and serve as a proxy for overall altcoin investment.
“By buying and then hodling ETH from Ethereum, you ensure that you benefit from the significant potential success of many Altcoins based on Ethereum,” he explained.
Instead of being spread to many illiquid altcoins, owning ETH may be a way to get exposed to any unpredictable altcoin season gains.
Distributed Apps, DeFi Boost to ETH Use Cases
ETH is also a leader in the distributed app space, and thus, owning the token gives exposure to the growth in that sector. Granted, growth has been relatively slow, and there is yet to be a “killer app” to compete in the mainstream space. But owning ETH is a tool to potentially benefit from the growth of unexpected winners in the dApp space.
“The dApps market is expected to grow in the future. The fact that Ethereum is a hegemonic leader in this field is another reason why you should seriously consider Ethereum for the future,” wrote Saurel.
A special class of distributed apps, the Defi space, is also highly promising. The space depends entirely on the Ethereum blockchain for its tokens and smart contracts. ETH as an asset is also highly important, as collateral and in pairings within decentralized exchanges. Growing activity in that space may regenerate demand for ETH, which fell after the ICO craze washed away.
Defi is still a young and risky sector, as seen by the latest exploits in smart contract logic, which led to fast gains for the attacker. But Saurel believes the centrality of ETH is a good reason to add the asset to one’s portfolio.
The upcoming ETH 2.0 ecosystem, which will allow the staking of coins, becomes the last reason to avoid ETH just for the sake of being a Bitcoin maximalist. Since its ICO and the initial stages of trading, ETH has established itself as one of the most powerful and long-running projects in the crypto space and has overcome multiple setbacks. Now standing at $260.63, ETH is also reigniting interest as once again entering a growth stage.
What do you think of the potential of ETH to fulfill uses beyond Bitcoin? Share your thoughts in the comments section below!
Images via Shutterstock, Twitter: @ssaurel origin »
Key Takeaways
Why is Ethereum holding up despite price weakness?
Long-term holders are staying put and Ethereum staking continues to hit all-time highs, signaling strong conviction.
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Ethereum price remained under pressure on Sunday as sentiment in the crypto industry worsened. ETH token was trading at $3,187, down by over 36% from its all-time high, meaning that it is in a deep bear market.
Key Takeaways
Why is Ethereum showing resilience this quarter?
Ethereum short-term holders remain in a high profit zone, and smart money is buying the dip, giving ETH a conviction-driven advantage.
Key Takeaways
What’s driving Ethereum’s rebound above $4K?
Ethereum surged 4.82% as whales increased buying, Exchange Netflow turned negative (-13.3K ETH), and seller exhaustion signaled a bulliThe post Ethereum: Bearish exhaustion hits the market - Is $4.5k next for ETH? appeared first on AMBCrypto.
Key takeaways
Why is Ethereum leaving Binance?
Investors are moving ETH to self-custody.
Why is Bhutan choosing Ethereum?
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Key Takeaways
What’s fueling Ethereum activity?
Transactions broke 1.6–1.7 million daily and Active Addresses hit 422k, reflecting genuine adoption and DeFi growth.
Will ETH break higher soon?
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Ethereum signals strength as BitMine accelerates ETH treasury strategy. The ETH price bounced from lows of $3,800 last week and is holding above $4,100. Bitmine’s buying leads the corporate world’s interest in Ethereum, and tailwinds such as spot exchange-traded funds approval could catalyse gains to above $5,000.
Рост Ethereum к отметке $5 000 может столкнуться с новыми препятствиями. Ряд ончейн-сигналов указывает на встречный ветер для актива. Долгосрочные держатели ( LTH ) ETH активно продают свои монеты, что может создать давление на рынок.
Key Takeaways
Why did Ethereum's price stall near $4. 5k?
ETH faced rejection at $4,763, dropped to $4,499, with Perpetual demand fading and Exchange Netflows showing 13. 9k inflows.
What do metricThe post Ethereum dips below $4.
Key Takeaways
Ethereum reserves fell on Binance and Coinbase, while Long/Short Ratio, Funding Rates, and liquidation clusters shaped its bullish outlook.
Ethereum [ETH] reserves across major eThe post Ethereum's exodus: Why whales are pulling ETH from exchanges, fast appeared first on AMBCrypto.
Joe Lubin, one of the co-founders of Ethereum (ETH), has said again that he thinks Ether will one day go up 100X in value. His words have sparked interest in crypto forecasts, making Ethereum (ETH) a long-term cornerstone of the market.
Key Takeaways
Ondo Finance has debuted its on-chain stocks on Ethereum, and it will expand to other chains. Will ETH clear the $5K overhead hurdle?
Ethereum [ETH] tokenized stocks continue tThe post Ondo tokenizes Wall Street on ETH: Ethereum targets $5,000 resistance appeared first on AMBCrypto.
Ethereum trades above $4,600 as bulls target a breakout to $5,000 A surge in Ethereum ETF net inflows and broader crypto bounce give buyers an edge. Tom Lee has predicted the ETH price surging to $5,500 and possibly $10,000 in 2025.
Key Takeaways
Publicly listed firms are increasingly stockpiling Ethereum, with over 3. 7 million ETH held as reserve assets, fueling both crypto and equity market gains. Strong ETF inflows and institThe post Ethereum treasuries top 3.
Key Takeaways
Ethereum tagged a fresh all-time high at $4,953, with futures OI shooting up to $71 billion. Leverage is flooding in, setting the stage for a big move either way.
Ethereum [ETH] The post Ethereum breaks $4,900 all-time high: Here's why ETH could hit $15K by December 2025 appeared first on AMBCrypto.
The Ethereum ETFs have been driving the token upwards for over a month now. News and hype around the exchange products have seen more investors hop on the Ethereum blockchain, raising the ETH price further towards its ATH.
Ethereum (ETH) was once the undisputed growth story in the crypto world, delivering returns so massive that early investors still talk about its rise from cents to thousands of dollars. Those days are behind us, and while Ethereum (ETH) remains a giant, the next ETH-like story in the making is already attracting attention. Analysts are […]
Key Takeaways
Ethereum has underperformed Bitcoin in the latest pullback. With nearly 30% of ETH staked, could that set ETH up for a sharper rebound?
Since thThe post Ethereum vs.
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