Which cryptocurrency is the best buy?

Bitcoin and Ethereum are the two largest cryptocurrencies on the market with a combined market capitalization of over $ 1.2 trillion. Both currencies have also generated substantial returns for their shareholders over the past decade. In this article Bitcoin vs. Ethereum we will identify the best investment for long-term investors.

Bitcoin versus Ethereum

Bitcoin and Ethereum are blockchain projects with different goals. BTC was designed as an alternative currency while Ethereum was created with smart contract capabilities. As a result, many developers have used the Ethereum platform to create their decentralized products such as Aave and Uniswap.

In terms of performance, both have had spectacular comebacks over the last decade. And a closer look shows that there is a close correlation between the two. Bitcoin has risen around 18,700% since 2015, while Ethereum has gained more than 22,000% over the same period. This means that Ethereum has been a better investment than Bitcoin.

The case of bitcoin

There are several reasons why many investors believe that Bitcoin is a better investment than Ethereum. First, as the first cryptocurrency registered, Bitcoin has a better brand than Ethereum. This explains why many institutional investors prefer to keep it above Ethereum. Second, its supply is limited, which means it will continue to run short over time.

Third, BTC is considered digital gold, which is why many people invest in it. And finally, Bitcoin is an autonomous organization that is run by the community. Ethereum is different from the role of the Ethereum Foundation.

The case of Ethereum

Meanwhile, when comparing Bitcoin and Ethereum, many inventors firmly believe in Ethereum for several reasons. First, they believe that Ethereum has more use cases than Bitcoin.

For example, the platform has been widely used to create decentralized applications in the DeFi, Metaverse, and NFT industries. Examples of flagship applications in Ethereum are Uniswap, OpenSea, and Aave. Therefore, as these industries develop, the price of Ethereum will continue to rise.

Second, Ethereum solves the problem of the carbon footprint by moving from a working test network to a participation testing platform. This process is ongoing and analysts expect the merger to take place third quarter of 2022 . Therefore, Ethereum will be more attractive to ESG-focused investors.

Third, Ethereum has additional features that Bitcoin does not have. The most important thing is to bet on Ethereum 2. As a result, it is possible to make money simply by buying and maintaining the currency.

So because of these features, in my opinion, I think Ethereum is a better investment than Bitcoin.

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