For several years, the word Bitcoin has been on everyone’s lips. However, Bitcoin, the leader of cryptocurrencies faces a major rival: Ethereum. Thanks to its second place in terms of market capitalization, buying Ethereum is a promising investment.
But before knowing where to buy Ethereum, it is essential to understand how it works and its growth prospects . Discover our Ethereum crypto review, a guide that will help you understand the eth price, its history, its design and how to buy Ethereum .
Less known than Bitcoin , Ethereum nevertheless firmly occupies the place of the second largest crypto in the world. But what is Ethereum? How is the Ethereum price performing? Discover a guide to the price of Ethereum below.
Ethereum… but what is behind this name? Discover some Ethereum crypto fundamentals as well as historical elements below.
First, let’s go back to the launch date of the Ethereum crypto, officially in 2013. It’s Vitalik Buterin, a Canadian developer of Russian origin who unveils the Ethereum network project through a whitepaper.
The Ethereum blockchain finally sees the light of day a year later, following crowdfunding estimated at 30,000 bitcoins . However, it is fair to say that the first version of the Ethereum project was initially titled “ Frontier ”. At the time, the 19-year-old developer was already driven by a certain desire to upset the financial market by means of the Internet.
To concretely answer the question, “ what is Ethereum? ”: It is a decentralized blockchain platform giving programmers the possibility of writing smart contracts. Additionally, the Ethereum crypto has become a global innovation since its release, with its blockchain also facilitating the creation of multiple Dapps (decentralized applications).
Ethereum uses blockchain technology in the same way as Bitcoin. Ethereum crypto can also be used to make payments. In addition, the ETH protocol makes it possible to create smart contracts that are not controlled by third-party entities.
The blockchain is similar to a public register benefiting from a regular update making it possible to avoid false financial transactions without having to resort to a bank. It is a tamper-proof storage technology . The blockchain also maintains the history of all transactions.
The cryptocurrency Ether (ETH) is available for purchase on many popular exchanges, including Coinbase and Binance. On most of these exchanges , you will be able to know the price of Ethereum by regularly following the ETH price.
However, our Ethereum crypto review focuses on eToro.com , a real reference for buying Ethereum. Indeed, the platform ranks on the list of the most reliable online brokers in the sector thanks to its PSAN registration with the AMF as well as its CySEC, FCA and ASIC regulations.
In its portfolio of offers and services, eToro supports many cryptocurrencies . The platform is also particularly interesting for investments in indices and stocks. The minimum capital is only €100.
Here are the steps to follow to buy Ethereum on eToro:
Go to eToro.com to create your account . First of all, simply click on “Start investing” or on the button located at the top right “Register”. In both cases, you will need to fill out a form including username, email and password.
Make the first deposit on eToro with a minimum amount of €100. You can use a credit card for the transaction or choose from the other payment methods offered. Choose the currency of your fiat currency deposit (euros or dollars) as well as the amount to transfer.
Proceed to search for the Ethereum crypto in the list provided by the broker . Click on Ethereum after finding it before validating the “ Trade ” button. Then you choose the wallet that will receive your cryptos.
In the corresponding box, you will need to indicate the amount you wish to invest in Ethereum. Click the “ Open Trade ” button to start trading. All that remains is to bring the purchase confirmation with a click on “ Validate ”.
Now: 79 Extreme Greed
Now: 79 Extreme Greed
Yesterday: 78 Extreme Greed
Last Week: 70 Greed
The crypto market has been on a tear over the past few weeks, gaining over 65% in market capitalization. Ethereum has benefited from the rally and there’s reason to believe this is just the beginning of an extensive bull run. How do we know this? Because the fear and greed index indicates that investor sentiment is leaning toward ‘greed’ rather than ‘fear’.
The index is used to gauge investors’ attitudes regarding market conditions at the time. It’s currently indicating ‘greed’ because investors are bullish on crypto, meaning that prices are likely to keep climbing as more buyers enter the market. This is a signal to be bullish, and Ethereum is particularly hot with experts like Cathie Wood expecting that it will outperform Bitcoin.
Tools like the Fear and Greed Index are essential for all investors because they are a guide on how you should be investing. Add to that, you can also use it to determine the right time to exit your position such as when the index shifts in the opposite direction.
In short, the index is a reliable compass showing you the general market direction so that you can find the best investment opportunities in the crypto market.
Now that you know where and how to buy Ethereum , we still have to look at its news and its growth prospects. Even if several analysts agree that it is not too late to invest in Ethereum , the ETH crypto has been stagnating for a while. So, should you still buy Ethereum ? If we take into account the ratio between its advantages and disadvantages, then our Ethereum crypto review answers yes to this question.
Investing in Ethereum crypto can prove profitable for traders who use the right methods. Indeed, the ETH price continues to increase over the years.
On sites or applications like Coinmarketcap or Coingecko , you can follow the evolution of the Ethereum price in EUR ! This Ethereum course is live , in real time. This makes it possible to follow the evolution of the token, its course and therefore, to make the right decisions, at the right time.
In our opinion, buying Ethereum can still prove beneficial as major changes have been completed for its network. Notably The Merge and the establishment of Ethereum 2.0 , a new validation protocol towards Proof of Stake, which spends less energy than Proof of Work .
Like all protocols and cryptocurrencies, Ethereum and Ether have many advantages, but also limitations in their operation.
As previously highlighted, Russian-Canadian developer Vitalik Buterin launched Ethereum in 2013. He published a white paper outlining the concept of his blockchain. But the story does not end there.
However, after necessary adjustments, Ethereum started gaining momentum and experienced rapid growth in its developer community due to its advanced features and support for smart contracts. This integration allows Ethereum users to write programs or contracts that run on the network using the Solidity programming language protocol .
In 2017, Ethereum experienced a major spike in growth thanks to the explosion in popularity of Initial Coin Offerings (ICOs), which needed a reliable platform to support their fundraising.
Ethereum crypto is gaining the attention of investors due to its advantageous features. Its blockchain is primarily based on the use of smart contracts for secure and decentralized exchanges. Before knowing how to buy Ethereum crypto , we must discover the reasons for its design.
The Ethereum white paper was written in 2013. Then in 2014, the blockchain was officially launched. One of the main contributors to Ethereum is Vitalik Buterin . Who is Vitalik Buterin? Unlike the Satoshi Nakamoto mystery , the character of Vitalik Buterin is very well known in the cryptosphere.
Vitalik Buterin built his crypto legend with Ethereum. It must be said that he was only 19 years old when he created the crypto ETH. Less than ten years later, in 2021, Vitalik Buterin became a billionaire at just 27 years old by owning the equivalent of $1.1 billion in Ether . If he is technically no longer a billionaire at the moment given the fall in the price of Ethereum in 2022, this does not detract from Vitalik Buterin’s talents.
To give a quick summary of the character, you should know that Vitalik Buterin was born in Russia in Kolomna. Then, at the age of 6, he emigrated to Canada with his parents. After high school in Toronto, he joined the University of Waterloo (Ontario) in 2012. The story goes that it was his father who introduced him to cryptos, which was a good thing for him! In 2013, he created the Bitcoin Magazine with Mihai Alisie. Vitalik Buterin’s real turn towards cryptos came in 2014 when he decided to abandon his studies to embark on the adventure… Ethereum!
Ethereum is a separate blockchain that has many characteristics. Currently, it uses the same protocol for mining as that of Bitcoin, namely Proof-Of-Work or POW. This protocol consists of putting all miners in competition when a block is
For several years, the developers of the zvec the POS, the developers of Ethereum have hoped to boost its capabilities in terms of transactions (scalability). The arrival of the POS is part of the 2.0 evolution of Ethereum which officially became operational in 2022 .
Another important feature of the Ethereum blockchain is related to its ability to execute smart contracts. As a reminder, a smart contract is a computer program that allows the Dapp to operate autonomously. On the ETH blockchain, these smart contracts are coded in Serenity, a computer language close to C++ for example. Ethereum has its “machine” called (EVM, Ethereum Virtual Machine) which allows these smart contracts to be read and executed.
Unlike Bitcoin, the Ethereum network does not (ultimately) set a limit on the number of coins in circulation. In other words, there is no cap on the number of coins in the market. Currently, the number of Ether coins in circulation is 120,149,688 ETH.
Does this mean that the Ethereum network is on an inflationary logic? Indeed, with a permanently increasing supply, the price of Ethereum could lose its value depending on demand. No ! As explained in the article Bitcoin Price 2024, Bitcoin has chosen to prevent this phenomenon by limiting its supply.
The Ethereum crypto, for its part, plays on what is called “burn” . The network removes from circulation (or “burn”) a certain number of tokens in circulation. This allows the network to control the ratio between supply and demand. In particular, Ether coins used to pay transaction fees (very high at the moment on Ethereum) are burned.
The Ethereum price has experienced several significant variations since its launch in 2014. Take a look the current price of Ethereum at the top of this page.
The second-largest cryptocurrency by market capitalization, Ethereum, is known for being a blockchain platform that enables the execution of smart contracts and decentralized applications (DApps). Ethereum prices are influenced by factors such as market demand, technological developments, and trends in the cryptocurrency ecosystem. It is recommended to check updated sources for accurate and recent information on the price of Ethereum.
All in all, our Ethereum crypto review is quite positive. It is still the second most promising cryptocurrency in the financial market in terms of market capitalization. Thanks to the creation of smart contracts, you can buy Ethereum in CFDs on a reliable platform in complete safety.
Remember that the crypto was worth less than $10 in its early days . For a while, Ether has not experienced a drop below $1000, and this trend may accelerate.
As a pioneering smart contract blockchain , Ethereum is a trusted network for crypto games, NFTs and many DApps. Apart from the reduction in transaction costs, the other advantages of Ethereum are based on its flexibility and its ability to adapt to changing demand.
About the author
Fleming Airunugba has been learning about cryptocurrency and blockchain since 2017. He first began as a small investor and soon became passionate about the industry, the technological innovation and the evolution that it could bring to the world. He believes Bitcoin is the natural currency of the internet. Fleming has been an educational content writer in the crypto space for several years and aims at accurately delivering complex concepts.
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