Bitcoin is Booming | A coin That I would love to Own

In my previous post I talked about one of my favorite Coin XRP, Today let's talk about the Best alternative coin... Known as Ethereum(ETH)

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What is Ethereum?

Ethereum was initially released in 2015 although this was started in the year 2013,First of all you need to know that Ethereum is not just a cryptocurrency, it is both an Currency and a Platform, a Decentralized open source blockchain.

Basically Ethererum is an decentralized platform, which simply means its not controlled by anyone. It is much better than the centralized ones since they can be hacked easily and users data is always at risk. Ethererum is totally autonomous, and it's not controlled by anyone at all.

Ethereum is a whole network, having its own internet browser, coding language and its payment system. It's where Ether(ETH) comes, ETH is the native cryptocurrency of Ethereum platform.

Aim of ETH

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ETH works as a platform for numerous other cryptocurrencies, as well as for the execution of decentralized smart contracts. The main aim of ETH l is to become a global platform for decentralized applications(Dapps) that allowing users from all over the world to write and run software (Since it's open source) that will prevent from the censorship, downtime and fraud.

What is Smart contract in ETH?

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A smart contract is a self-executing contract with the terms of the agreement between buyer and seller being directly written into lines of code. Smart contract helps to solve the issue of mistrust between parties and business partners, it reduces unnecessary costs and time expenditure while enhancing transparency

smart contracts basically allows you to perform transactions without any third parties. So you can Perform directly, anywhere anytime.

Popular Dapps on ETH

I personally like uniswap the most and Compound.. The main reason ETH is being used more than btc
because it has more purposes Its open source allows anyone to create Decentralized applications on ethererum network.

^{Dapps on ETH network | SRC}

Why choose ETH?

• Decentralized
• Higher security
• Autonomous
• work Anonymously
• Both Currency and Platform
• Create Dapps
• Smart contracts
• ERC - 20
• No point of failure

^{ETH Highlighted FEATURES | SRC}

BTC vs ETH

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Let's compare the Best with best, Both are cryptocurrency but have totally different goals. BTC has finite supply 21M bitcoins that can ever be mined on the Other hand ETH supply is practically endless . If you compare with block mining time.. Bitcoin mines a new block on an average 10 mintues per block While ETH average block mining time is barely 12 Seconds.. Which means faster transactions than bitcoin.

Ether works very similarly to Bitcoin and can be used for peer-to-peer payments. Also, it can be used to create smart contracts. Smart contracts work in such a way that when a specific set of predefined rules is satisfied, a particular output takes place.

Particulars	ETH	BTC
Concept	P2P, smart contracts, Dapps	P2P
Supply	Endless	21Million
Avg. Mining time	12 - 15seconds	10 mintues
Hash algorithm	Ethash	SHA-256
Transaction per day	659k	219K
Current supply	101+ M	17+ M
Block size	25.134 kilobytes	628.286 kilobytes
Blocks created	6+ million	537,000 +

Market Cap and Ranking

Many coins and tokens were created after bitcoin.. Even many before ETH finally arrived in 2015,but none gained that much popularity like ETH, its a powerful project.

So as you can see in the below Image ETH is at rank 2 just after bitcoin with a market capitalization of $59,574,497,809 USD that's huge isn't? in my opinion ethereum is the best Alternative Coin to invest in although not a financial advice though.

^{ETH Ranking and Basic details | CMC}

ETH market pairs

^{ETH market pairs | SRC}

Ethereum is one of the major coin that provide pairs with other altcoins and its listed on almost all the cryptocurrency exchanges. It has so many pairs with top coin btc and other altcoins on various exchange although volume is vary on every exchange.

ETH Monthly Data

On 26th October right 1 month ago ETH was around 390$, in just 30 days It reached to 600+$ But couldn't be sustained for a longer duration but it will definitely rise again along With BTC i think.. But as predictions in cryptoworld are almost impossible.

^{ETH Historical Data 26OCT - 26 NOV | SRC}

ETH/BTC price charts

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With the below images you can see that ETH recently had a major fall in the last 24 hours.. Although it was just raising and raising in the previous days... The volatility is higher as usual. Can't really say when ETH price will be sustained for a while.

^{ETH/BTC 24H price chart | SRC}

^{ETH/BTC 7 Day price chart | SRC}

Do I hold ETH?

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As we all know ETH is a expensive crypto and everyone can't hold large amount of ETH, but if i ever get spare money I'll definitely invest some in ETH for long term basis I'll just invest and never look back for at least couple years. ETH is like my dream Coin that I would like to own.

ETH has gained more popularity in less time.. I think it will just keep growing and its price as well.. Many crypto works on ETH network.

Buy sell or HODL?

^{ETH Price details | SRC}

Yesterday ETH closing price was 570$, it has already fallen nearby 510$ Now and I assume it will fall again since ETH is expensive and can't be bought in bulk quantity only big investors can invest.. But this could be a really good time to buy more of ETH...or alternatively you can wait for sometime to see if price falls more.. Then it would be a right time to invest in ETH after all Rank 2 coin with second largest market capitalization and infinite supply.

Yesterday fall was approximately 5% and today almost 15% its going downwards so I would personally wait to see if it falls more.. Anyway cryptocurrency is all about patience and not being panic as it's very comman to rise and fall all of a sudden... High volatility.

Data References -

• ETH Dapps website

• Binance markets

• Coinmarketcap.com

• ETH guide

• ETH Wikipedia

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