Ether shows rather encouraging indicators for all investors. Judging by the evolution of the price of ether lately, we can conclude that this crypto is rather stable. However, should we invest in this cryptocurrency? Before embarking on this project, here are some essential points that you should know about this virtual currency.
Ethereum: Bitcoin's first rival
As soon as you think about investing in cryptocurrencies, you will always see these two names among the best cryptos to invest in. Like bitcoin, Ethereum or rather Ether is a virtual currency that is based on Blockchain technology. However, Ethereum goes beyond peer-to-peer payment.
It is a platform that allows developers to design decentralized applications. Decentralized applications or 'dapps' are decentralized and open-source software allowing exchanges of money, actions or even content. These developers are specialized in the programming of applications intended for the world of the cloud, finance or entertainment.
Strictly speaking, Ethereum is not really the name of the cryptocurrency issued by the Ethereum platform. The cryptocurrency, which you can buy and sell, is actually called ether. In general, the ethereum price is expressed in US dollars or euros. This is the average price of ether applied on all virtual currency exchanges.
In terms of its presence in the cryptocurrency market, ether still comes second after Bitcoin. Like all financial assets, the price of ether is dictated by the law of supply and demand. The value of ether is caused to fluctuate, which in a way makes it possible to speculate on it on the trading platforms.
Ethereum price today 3,969.15USD
The price of ethereum is currently over 3,800 euros per unit. Although like all cryptocurrencies it can be a relatively volatile asset, the indicators appear to be green for ether. To buy and sell ether, you need to go to either an exchange or trading platform. Trading platforms are more recommended than peer to peer exchanges if you are not in the know ethereum wallet.
Trading platforms provide investors with all the necessary tools to trade in complete safety. In addition, it is possible to invest in other cryptocurrencies that can be as interesting as ether. Investing in ether consists of buying it for a certain value, with fiat money, and storing the ether in a 'wallet'. When the price of ether is good, you have to sell it to make a profit ethereum kurs.