Ethereum goes up
although the price of Ethereum continues to decline, there are still many investment opportunities. Nowadays, many people invest in Ethereum through virtual currency trading in the realm Kingdom, which is not affected by the rise and fall of prices, but also can invest less money in the shortest time to obtain more income.
Ethereum is the next generation of cryptography ledger. It intends to support many advanced functions, including user issuing currency, intelligent protocol, decentralized transaction and what we think is the first fully decentralized autonomous organization (Daos) or decentralized autonomous company (DACS) application
Ethereum does not specifically support every single type of function as a feature. On the contrary, Ethereum includes a built-in Turing complete scripting language, which allows you to write code for the feature you want to implement through a mechanism called "contract". A contract is like an automatic agent. Every time a transaction is received, the contract will run a specific code, which can modify the data storage inside the contract or send the transaction. Advanced contracts can even modify their own code
Ethereum was launched on November 1, 2015, and launched on August 22, 2016 on bitcoin trading platform, a well-known domestic trading platform; 30-¥ About 60, current: ¥ 1259.97, the rise is amazing
Ethereum is likely to rise to 10000 in 2021
institutional investors and big capital are increasingly interested in cryptocurrency. The attention of all whales, and the attention of all the public, is focused on bitcoin. Since the global health and safety incident triggered the market crash in March 2020, the growth of eth has reached 1200%
while BTC only increased by 700%. Of course, in the context of bitcoin's record high price of 40000, Ethereum's rise to $1400 does not seem so impressive. In addition, the market value of eth is five times the trading volume of BTC market
extended information:
the increase of Ethereum is as follows:
the transaction volume recorded on Ethereum blockchain exceeds US $1 trillion. These figures exceed the transaction volume of payment giants such as PayPal, which is used by more than 350 million users and whose average transaction volume is generally less than $200 billion per quarter
each transaction will generate network fees paid by eth. Moreover, as the growth rate of the network is still very high, we can confidently expect the "bull market" trend of eth to continue. In any case, interest in cryptocurrency is growing, as are the number of active wallets, the number of transactions on the Internet, and the average size of transactions
I think the first reason why Ethereum has been setting new records is that it has a lot of capital
the second reason is that many ordinary people have paid attention to virtual currency . These ordinary people have strong purchasing power, and they may have been speculators in stocks or funds before. When they find that the virtual currency is rising well, they will bring a lot of money into the market. The admission of these ordinary people will increase more capital admission, because in the view of capital, these ordinary people are a crop of leeks
the third reason is e to the soaring price of bitcoin, bitcoin is now rising very rapidly, from $20000 a bitcoin in 2020 to $60000 a bitcoin now. It's terrible. For a lot of capital, they can't speculate on bitcoin. Because bitcoin's plate is too big, they have to go back and speculate on Ethereum
first, a large amount of capital has entered the market
at present, the global economy is not very good, there are not many things that can be invested, and the global currencies are devaluing and inflating for a lot of capital, their money will depreciate one day if they hold it in their hands. They need to invest their money. At this time, they find that the virtual currency can keep the value and will not inflate. At this time, there will be a lot of capital, with a lot of money to buy Ethereum. When a lot of people go to buy Ethereum, it is normal for Ethereum prices to rise
The price of Ethereum has exceeded US $3000. The catalysts behind the rise of Ethereum are as follows:
1
2
3. Virtual currency needs a new leader, and Ethereum is selected by the capital
there is an old saying on Wall Street: there is nothing new in the world. What happened in the investment market must have happened before, because the whole financial history has been for hundreds of years. The speculation and investment of virtual currency are similar to stocks, but the risk of virtual currency is greater. The price of Ethereum has exceeded US $3000. The main catalyst behind the rise of Ethereum is the sharp rise of bitcoin and dogcoin. Ethereum, which has always been favored by everyone, has always been in the stage of undervaluation. There is linkage between virtual currencies, and there will be high and low switching. Ethereum has been recognized by market funds as a new virtual currency leader, Funds believe that Ethereum is undervalued and thus driven up by funds, which is the most important catalyst for Ethereum's rise
virtual currency is a kind of high-risk and high-yield investment, which is not recommended by general investors. The risk is too big for everyone< br />
When Ethereum broke through the $3000 mark, the bitcoin market caused these impacts:
1. Ethereum broke through and rose $3000, bitcoin and other virtual currencies received more and more attention:
2. Bitcoin and Ethereum are both virtual currencies, and they have linkage effect
3
emerging instries will encounter difficulties in the development process. After these difficulties are solved, new cognition will be formed, which will break everyone's cognition and be accepted by everyone. Bitcoin is like this, from doubt to recognition and then to acceptance. Ethereum broke through the $3000 mark, which had a significant impact on the bitcoin market. The virtual currency has formed a plate effect from bitcoin to dogcoin, and now Ethereum. This shows that the virtual currency is getting more and more attention. There is a strong linkage between virtual currencies. The rise of Ethereum may also stimulate the rise of bitcoin, Finally, the valuation of virtual currency may be greatly improved, which is actually very beneficial to the whole virtual currency
there is a lot of controversy about virtual currency now, because no one can control the decentralization, and basically no country recognizes their value, but this has not affected the rise of Ethereum based virtual currency, which is actually the problem of pattern and cognition. For ordinary investors, I do not recommend to participate in virtual currency, which is too risky to grasp< br />
to tell you the truth, there is no big adaptation. The main reason is that the capacity of video memory is doubled, and the main frequency is increased a little.
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