The history of cryptocurrencies is still shrouded in mystery. Bitcoin was the invention of a single person or a group that used the pseudonym Satoshi Nakamoto. In 2008 the information about Bitcoin began to appear in cryptography groups, but the actual network was not released until January 3, 2009.
Since this first exposure to the world, Bitcoin has been the gold standard in cryptocurrencies. In 2021, Bitcoin gained over 300% in value, which certainly sets a high bar.
However, there is an increasing buzz on Ethereum cryptocurrency news websites that indicate this cryptocurrency is on the rise. Already popular through the development of NFTs or non-fungible tokens, which are used throughout the art world, fashion world, and even in real estate, the interest in Ethereum is definitely increasing.
The Increase
While Bitcoin has seen a significant rise, Ethereum is seen as meteoric. This year, each Ether coin increased in value by over 900%. Given its lower initial value compared to Bitcoin, it did not exceed Bitcoin in value, but it is anticipated by investors that it will at least equal Bitcoin value in the future.
More Versatile Blockchain
dApps or DeFi apps are using Ethereum blockchain for peer-to-peer money lending, trading, and even making purchases. If these apps, including the use of NFTs for large purchases, continue to build on the use of the Ethereum blockchain, this will further drive up the value of the cryptocurrency.
The recent Ethereum cryptocurrency news continues to be very positive about the growth of the cryptocurrency and the growth of the technology. Investors continue to see Ethereum as a strong competitor for the top cryptocurrency spot.
For more details on the latest in Ethereum cryptocurrency news, visit Blockchain Asset Review. Free articles and information on all cryptocurrencies can be found at Sitename.
