ICOCalendar.Today

  • ICO Directory 📖
  • ICT Token 🔥
  • Blockchain News 🗞
    • Ethereum
    • Binance
    • Cryptocurrency
    • Litecoin
    • Monero
    • Ethereum Classic
    • Bitcoin
    • Tezos
    • Tron
    • Cardano
    • EOS
    • Algorand
    • ZCash
    • Dash
    • Chainlink
    • NEO
    • Maker
    • DeFi
  • List a project 💣
  • Submit Press Release 👍
  • ICO Directory 📖
  • ICT Token 🔥
  • Blockchain News 🗞
    • Ethereum
    • Binance
    • Cryptocurrency
    • Litecoin
    • Monero
    • Ethereum Classic
    • Bitcoin
    • Tezos
    • Tron
    • Cardano
    • EOS
    • Algorand
    • ZCash
    • Dash
    • Chainlink
    • NEO
    • Maker
    • DeFi
  • List a project 💣
  • Submit Press Release 👍

Here's Why Even as a Bitcoiner you Shouldn't Ignore Ethereum

2/22/2020

Comments

 
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.
bitcoin holders need ethereum
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
Originally from Bitcoinist.com https://ift.tt/2HIcxob
Comments

    Blockchain News

    Leading global blockchain news provider. A blockchain, originally block chain, is a growing list of records, called blocks, that are linked using cryptography.
    BLOCKCHAIN NEWS

    Archives

    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    November 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017
    October 2017
    September 2017
    August 2017
    July 2017

    RSS Feed

​About

  • About us​
  • ICT Token
  • News​​
  • Testimonies
  • Terms of Service​​
  • ​​We on Google News​ 🤑
  • ​We in the media
  • ​Partners

Let's connect!

News Feeds

  • Blockchain News
  • Jobs Board 👨‍🎓
  • Bitcoin News
  • Ethereum News
  • Binance News
  • ​Tron News
  • Cardano News
  • EOS News
  • Tezos News
  • Stock Markets
  • COVID-19 News
  • Crypto News
  • Chainlink News
  • Litecoin News
  • Dash News
  • Monero News
  • ETC News
  • NEO News
  • Maker News
  • DeFi News
  • ZCash News
  • Algorand News
© 2017-2020 ICOCalendar.Today. All Rights Reserved.