Ethereum Will Hit $20,000 ? | ETH Will Hit $20,000 Per Coin by 2030
1 year ago
Ethereum
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Ethereum Will Hit $20,000 ? | ETH Will Hit $20,000 Per Coin by 2030
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Welcome to our Ethereum Will Hit $20,000 ? Video!
What is Ethereum?
According to online brokers eToro, Ethereum is unique in the cryptocurrency universe.
Ethereum�s native cryptocurrency is called Ether (trading ticker is ETH), while Ethereum actually refers to a specific blockchain technology, the decentralised distributed electronic ledger that keeps track of all transactions. Ledgers are the foundations of cryptocurrency transactions.
Think of Ether as the cryptocurrency token derived from the Ethereum blockchain. A blockchain allows encrypted data to be transferred securely, making it almost impossible to counterfeit. As with Bitcoin, these tokens are currently �mined� via computers solving mathematical problems.
Bitcoin uses blockchain technology as well (see above for the differences between the two cryptocurrencies), but Ethereum is regarded as more sophisticated and can be used to run applications. It�s this aspect, some commentators say, which could one day help it to shunt Bitcoin from the top cryptocurrency spot.
Over the past year, Ethereum�s popularity has grown among both retail and institutional investors alike.
What are the advantages of buying into Ethereum?
According to eToro, Ethereum can be easily traded or exchanged for other cryptocurrencies.
In addition, the broker says the cryptocurrency can be used at a growing number of online and �bricks-and-mortar� retailers. Transaction times are faster when compared to those for Bitcoin and it also provides access to a number of decentralised applications (dApps) enabling developers to create new online tools.
Progress in the retail payments sphere was emphasised in March 2021 when Christie�s became the first auction house of its kind to accept Ether as payment for a work of art by Beeple. Called �Everydays: The First 5000 Days�, the purchase price equated to a figure of $69.3million.
At the end of April 2021 and confirming the financial sector�s growing interest in the cryptocurrency sphere, the European Investment Bank issued its first ever �100 million two-year digital bond via the Ethereum blockchain.
Meanwhile, at the beginning of May, the S&P Dow Jones launched several cryptocurrency indexes, including one for Ethereum, aimed at measuring the performance of digital assets.
How do you buy Ethereum?
This can be done through a crypto exchange such as Coinbase or via online platforms such as Gemini , Kraken or eToro.
You create an account with the chosen provider confirming your place of residence and identity and then link to your bank account in order to buy the currency. Fees will vary from one provider to another and can depend on the amount you want to deposit, (eventually) withdraw and for the transactions you want to carry out.
Payment methods can include those via debit/credit cards to PayPal and wire transfers. New investors may need greater levels of customer assistance compared with seasoned traders.
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The information contained herein is for informational purposes only. Nothing here shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.
I hope you found value in our Ethereum Will Hit $20,000 ? video. Make sure to leave a like on the video if you gained value from it!
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⏰ TimeStamps ⏰
0:00 Ethereum Will Hit $20,000 intro
0:34 ethereum summary
11:14 Ethereum Will Hit $20,000 outro