Investors around the world are closely following the ups and downs of the Bitcoin and Ethereum cryptocurrencies. Bitcoin is the most famous cryptocurrency in the world, its official launch took place in January 2009. The second most popular is Ethereum, which is both a cryptocurrency and a platform for creating decentralized online services based on smart contracts (an IT algorithm for controlling and providing information about ownership of something). We talk about the history and predictions of two of the most famous cryptocurrencies in the world.
BTC / USD and ETH / USD rates
On February 25, the bitcoin rate to the dollar is $ 49,048.61. Ether rate – $ 1589.6.
Bitcoin is an unstable currency. Back in December 2012, one bitcoin cost $ 13, and already in April 2013 – $ 266. In June 2013, it dropped to $ 100 again, and in November 2013 it rose to $ 1242. In March 2015, the exchange rate dropped to $ 200-300, and in March-April 2017 it again crossed the $ 1210 mark.
Since May 2017, bitcoin has grown rapidly and by the end of 2017 it costs $ 13,800. At the same time, in February 2019, bitcoin fell to $ 3399, and after that it gradually grew and declined, breaking a record $ 58 thousand last Sunday and again falling below $ 50 thousand on Monday, February 22.
The second cryptocurrency, ether, grew and fell less rapidly, since its appearance in 2015, it crossed the $ 100 mark only in May 2017, and in February 2021 reached a maximum of $ 1955 and again dropped to the current level of $ 1684.83.
However, despite all the advantages of Ethereum, Bitcoin continues to be the most demanded currency for accumulating assets (according to forecasts, its price may grow tenfold). This herald of the “cryptocurrency revolution” has proven itself well, and has not lost its leading position in terms of value. Actually, at present, Bitcoin is more credible than its counterparts.
However, this does not mean that the Ethereum system and its Ether coin are of no interest to investors. Given the young age of this cryptocurrency, its growth in popularity is impressive: it already ranks second after the cue ball in terms of market capitalization and daily trading volume. Still, it is difficult for Ether to keep up with the cost of the “older brother”.
The world’s most popular and most expensive cryptocurrency is attractive because it represents a tempting prospect of maximizing profits in the future. According to experts from Morgan Stanley, the cue ball is taking root more and more deeply in the world financial markets. The increased interest of investors, in turn, contributes to the growth of the Bitcoin to Ethereum exchange rate. At the same time, companies that decide to operate with Bitcoin in their activities should be ready to:
- find a way to quickly cash out the crypt or save it reliably;
- constantly monitor the hard-to-predict volatility of the cue ball;
- monitor the results of reinvestments with maximum accuracy.
Both Bitcoin and Ethereum have armies of fans and opponents. If you want to invest in the world’s most popular cryptocurrency, you should choose Bitcoin, as it continues to be attractive as an asset. However, it is important to remember that fluctuations in the rate of this crypt can both return the investment a hundredfold and “eat” them.
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One Reply to “What is Bitcoin & Crypto ETN?”
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