Meanwhile, Ether – the world’s second largest cryptocurrency – saw a 40% drop in price from a peak of $4,382 per coin to over $2,600 per coin. Bitcoin price plummeted after Tesla CEO Elon Musk announced that the company would stop accepting Bitcoin payments. Along with that are regulatory risks from the Chinese government. However, experts say that the fall of cryptocurrencies could be an opportunity for Ether to surpass Bitcoin. The explosion of decentralized finance and non-fungible tokens has pushed the price of Ether to skyrocket over the past 12 months. Photo: Coin Desk. “More Useful Than Bitcoin” “A sell-off will cause investors to reconsider and choose to buy the cryptocurrency they think can be most successful. And most importantly, that coin needs to survive the ‘regulatory storm’ ‘ is about to come,” said financial expert Edward Moya at consulting firm Oanda (USA) in an interview with Mr. Zing . According to the expert, Ether will benefit after this sell-off. “Ethereum’s blockchain is widely used. The coin may outperform other competitors after the storm is over,” he added. Yao Qian, director of the Science and Technology Supervision Bureau under the China Securities Regulatory Commission, said that central bank digital currencies (CBDCs) are set to become smarter. According to him, they could one day work on blockchains like Ethereum. Mr. Yao Qian said that CBDC should not try to be a form of digital currency, but incorporate smart contract functionality. Even after the decline, Ether price is still up 243.67% since the beginning of 2021. Meanwhile, Bitcoin has only increased in price by 25.93%. Todd Morley – co-founder and former CEO of investment firm Guggenheim Partners – thinks that Ethereum is “more useful than Bitcoin” and is “where it really works”. The increase since January 1, 2021 of the Bitcoin price has shrunk to nearly 26%. Photo: Coin Desk. “To me, Ethereum is much more useful than Bitcoin thanks to smart contracts,” he told Bloomberg . “Ethereum’s application developers are growing at 20x for 6 years in a row, much faster than Moore’s Law,” he added. Moore’s Law refers to the prediction by engineer Gordon E. Moore, co-founder of Intel, that the number of transistors on a chip would double every two years while the price of computers halved. Over the past 12 months, the popularity of DeFi (decentralized finance) has skyrocketed, pushing up the price of Ether. DeFi projects pay interest on Bitcoin or Ether deposits, mortgage loans or cryptocurrency swaps on decentralized exchanges. Soon to surpass The Ethereum network is therefore used for financial management, lending, and collateral. All without banks and brokers. Along with that is the hot development of non-fungible tokens (NFTs), a virtual item authenticated by blockchain technology, with the digital signature of the owner. NFT is an indivisible, indivisible, blockchain-based smart contract, indestructible, verifiable, and no-second duplicate asset. Everydays: The First 5000 Days by crypto artist Beeple sold for $69.4 million at a Christie’s auction. According to part of a report by Wall Street giant Goldman Sachs shared on Twitter back in May, Ether has many opportunities to “overtake Bitcoin as the dominant store of value” and the “Amazon of information.” . Ether has a high chance of surpassing Bitcoin as a store of value Golmand Sachs analysis team “Given the importance of its use in defining a store of value, Ether has a high chance of overtaking Bitcoin as the dominant store of value,” commented analysts at Goldman Sachs. According to the data of Coin Desk , Ether’s market cap currently stands at $305 billion, almost half of Bitcoin’s $691 billion capitalization. Some are also looking to upgrades to the Ethereum network, allowing Ethereum to scale and reduce costs. “Investors often see Ether as a growth investment. They bet on the growth of a decentralized ecosystem built on top of Ethereum,” said Phil Bonello, Research Director at Grayscale Investments. , comment. The Ethereum network is more used than Bitcoin and countless developers are still working. Bitcoin now accounts for about 42.3% of the total cryptocurrency market value, down from 70% at the beginning of the year. Ether’s rate is 18.65%.

The creator of Ethereum claims that the ‘Elon effect’ will gradually lose influence on cryptocurrencies Vitalik Buterin, the “father” of Ethereum recently gave an exclusive interview with CNN about the recent volatility of the cryptocurrency market. The 27-year-old billionaire said that “the crypto market is in a bubble” and “it is very difficult to predict” when this bubble will burst. According to him, the “golden age” of digital currencies has passed and this crisis can last for several months. Earlier, on the morning of May 19, Coinbase recorded that Ethereum, Buterin’s “pet”, fell more than 40%, to below $ 1,900. By the morning of May 20, this coin had recovered to $ 2,700, however, this is still a low number compared to the record milestone of $ 4,384 that Ether achieved on May 11. The ups and downs of the Ether coin have made Buterin “father” pay a significant price when he is holding an asset worth about $ 1.1 billion, now reduced to only about $ 870 million. At the age of 27, Vitalik Buterin, a Russian-Canadian programmer, is already considered a veteran founder in the tech world having seen multiple cryptocurrency boom cycles over the past few years. “We’ve seen at least three crypto bubbles burst. Usually the reason bubbles end is because something happened. This shows that the technology of cryptocurrencies is still there. not ready,” Buterin said. Since late 2013, when preparing for the launch of Ethereum two years later, Buterin has expressed his vision for cryptocurrencies. According to Buterin: “Cryptocurrency has become more than just a toy. It is almost ready to become mainstream.” In the process of developing “pet” Ethereum, Buterin is also not afraid to assert that there is a possibility that Ethereum will eventually catch up and surpass Bitcoin in market value. However, the programmer also said that the cryptocurrency market tends to be “vulnerable” to disruptive events, before they can “build an immune system over time”. Typical is the influence of some billionaires who are treating cryptocurrency as a toy. Mr. Buterin isn’t shy about mentioning Elon Musk’s name: “Mr Musk’s tweets are something the crypto space has only been getting into for the first time in recent months, literally. I think it’s appropriate. It’s reasonable to expect a bit of madness. Because the market will learn a lot from that and will be immune to the Elon Musk effect.” In addition, Mr. Buterin also asserted that governments cannot completely ban but have the ability to block or restrict access. Therefore, the development of cryptocurrencies also needs to listen to regulations from regulatory agencies to avoid getting into legal troubles. Faced with the crisis of digital currency, the “father” of Ethereum thinks that this is a “quiet” for digital currencies to renew themselves. On the Ether side, Mr. Buterin said the coin’s transaction costs will soon be cut. A major technical overhaul is underway that will allow Ether transactions to quickly scale, while cutting the amount of electricity consumed by mining by 1,000 to 10,000 times. “We’re going to go from consuming energy similar to a medium-sized country to just consuming energy like a village,” Buterin said confidently. According to Buterin, if Ether’s competitors don’t reform technically, Ether will soon outstrip them, such as Bitcoin.

Ethereum has skyrocketed in recent times. (Source: CNBC) Price hits all-time high According to Coin Metrics, Ethereum (also known as Ether) reached an all-time high of $4,196.3 at 12:15 p.m. on May 10. The value of Ether is up nearly 7% in the past 24 hours and is currently at $4,141.99. The total market capitalization of this coin is $476.3 billion, almost half the market capitalization of the world’s largest digital currency – Bitcoin ($1.1 trillion). With the new milestone just set, the price of Ether has increased 5 times from the price of $ 800 at the beginning of 2021. Compared to the same period last year, the price of Ethereum has increased about 20 times in just 1 year. . Ether was founded in 2013 by Russian-Canadian programmer Vitalik Buterin and several other crypto entrepreneurs. Similar to Bitcoin, Ether operates on the Blockchain technology platform. The biggest difference between Ether and Bitcoin is the intended use and core technology. Ether was created with the goal of becoming a platform for smart contract development. Ether serves as a means of paying for the network’s operating costs. Meanwhile, Bitcoin was born with the sole purpose of becoming a means of payment and a store of value. For programmer Buterin, Bitcoin is too limited in functionality. In an interview with Business Insider , founder Ether compared Bitcoin to a pocket computer that “does one thing well,” while Ether is like a smartphone with many apps. Ethereum is not perfect yet However, according to the page CNBC , Ether is not perfect yet. In 2017, the popularity of the game CryptoKitties caused Ether’s network to become severely congested, slowing transactions and causing game developers to raise fees. Scalability is one of the biggest problems with the Ether network today. This cryptocurrency currently works using a proof-of-work protocol (a mechanism that prevents double-spending), similar to Bitcoin. This means that cryptocurrency miners with purpose-built computers must compete to solve complex mathematical puzzles to validate transactions and get the miners’ networks to “mine”. Electrons must consume huge amounts of energy. But Ether is currently “running” an ambitious upgrade called Ethereum 2.0. Specifically, the cryptocurrency moves to a proof-of-stake model and relies on investors holding Ether to process new transactions. Cryptocurrency investors say the upgrade will help the Ether network run at scale, process more transactions at faster speeds, and support applications with millions of users. This can also lead to short-term price increases. However, some experts are still skeptical and refuse to trade digital currencies like Bitcoin and Ether. The latest volatility of the world’s top two cryptocurrencies reminded them of the 2017 crypto bubble, during which Bitcoin surged to a peak of $20,000. But a year later, it “sloped” down to $3,122. Some cautious investors say that the cryptocurrency is in a bubble waiting to burst. What do experts think about Ethereum and Bitcoin? Ed Egilinsky, CEO – Head of Alternative Investments at Direxion said: “Ethereum’s blockchain technology has more uses and functionality than Bitcoin, making it a potentially lucrative game in the long run. Also, at the present time, the price difference between Bitcoin and Ethereum could make Ethereum an ‘affordable’ investment for investors.” “Ether is a blockchain platform that acts like the Apple and Android app stores,” said Pat LaVecchia, CEO of trading platform Oasis Pro Markets. Meanwhile, Bitcoin is a commodity like gold, or a store of value. Unlike Bitcoin, where many properties (such as supply) have been fixed since its inception, the Ethereum platform is still evolving with new updates that promise to improve the system. It’s even entirely possible that regulations change and cause the supply to drop, which will cause the price of Ethereum to continue to rise.” (according to CNBC, Business Insider)

The new digital currency is called Internet Computer. Currently, this coin has entered the top one of the largest cryptocurrencies in the world at number 8, according to CoinMarketCap rankings. The introduction of Internet Computer and its ledger will help users create whatever they want on the Internet without going through digital giants like Amazon or Facebook. Users can also use commercial cloud services. According to Mr. Dominic Williams – the project’s founder – Internet Computer was founded with the idea of ​​avoiding the barriers of companies and helping to reduce costs. Users can build social media and other services to compete with the internet giants of the world. Internet Computer raises $45 billion in one day amid crypto craze. Photo: Bloomberg. The network that powers the cryptocurrency uses smart contracts and task execution software, helping it compete with larger players like Ethereum. Internet Computer is also involved in many other coins and related networks such as Polkadot and Binance Coin. The launch of the Internet Computer is taking place in the context of the cryptocurrency revolution that is exploding around the world. Prices for many cryptocurrencies, from Bitcoin to Dogecoin, are up sharply from a year earlier. According to the Bloomberg , the total market value of cryptocurrencies currently stands at $2,480 billion, up sharply from less than $1 trillion at the start of the year. Bitcoin is still the most valuable cryptocurrency in the world. According to the Coindesk , one Bitcoin is currently priced at $57,214, up 4.67% from yesterday. Other coins also had positive momentum, in which Ether rose 11.89% compared to yesterday, surpassing $4,269 per coin. Dogecoin also increased to 0.49 USD/coin.

Internet Computer coin traded at 370.3 USD – Photo: Bloomberg Just launched on May 10, virtual currency called Internet Computer has immediately entered the top 10 largest virtual currencies in the world with a market capitalization of about 45 billion USD, according to the ranking on CoinMarketCap.com. Internet Computer was created to help anyone – from software developers to content creators – upload whatever they want to the internet without having to go through tech giants like Amazon. , Facebook or through servers, commercial cloud services. According to Dominic Williams, founder of the Internet Computer project, this virtual currency helps users avoid closed ecosystems of businesses and reduce costs. Users can build their own social networks as well as many other services to compete with giant internet companies. Internet Computer coin price movement after one day of launch – Source: Coinmarketcap.com The Internet Computer’s network uses smart contracts or task execution software to compete with larger cryptocurrencies like Ether (currently the second largest cryptocurrency by market capitalization). Internet Computer is also “shaking hands” with many other cryptocurrencies and related networks – such as Polkadot, Binance Coin – to bypass Ether. The Internet Computer coin was born in the context of virtual currencies from Bitcoin to Dogecoin being mentioned everywhere, at dinners to Saturday Night Live on national television in the US. Top 10 largest cryptocurrency market capitalization, updated price at 9:00 am on May 12 (Vietnam time) – Source: Coinmarketcap.com Dong Internet Computer traded at 370.3 USD at 9:00 am on May 12 (Vietnam time), up more than 1% compared to the previous 24 hours. This virtual currency transaction value reached 1.5 billion USD, an increase of nearly 90% in 24 hours. The market capitalization of the entire cryptocurrency market is now $2,480 billion, up from less than $1 trillion earlier this year.

“The desire to get rich quick makes new investors vulnerable to scammers. Authorities may not have the resources to deal with all cases.” Investors’ Chronicle comment. Action Fraud data shows that in 2020, crypto-related scams in the UK increased by 57% year-on-year to 5,581. Not to mention the scams that have not yet been reported. In January 2021, the number of fraud cases doubled from the same period in 2020 to 720 cases, or 23 cases per day. Scammers have more and more sophisticated tricks to scam cryptocurrencies. Photo: Reuters. Losing hundreds of millions of dollars According to sources of Investors’ Chronicle , victims in the UK lost 113 million GBP ($159.62 million) last year. A common tactic used by scammers is soliciting calls and other forms. In January 2021 alone, victims lost about 14.3 million GBP ($20.2 million), which means that each scam stole about 20,000 GBP (28,251 USD). Bitcoin price skyrocketed, many investors began to accept Bitcoin as a safe investment. That pushes crypto investment companies to come up with a bunch of new tricks to entice customers. Many scammers are also quick to seize the opportunity. They use online platforms and advertisements that can bypass the regulator. Back in 2018, Facebook and Google banned all Bitcoin advertising on their platforms. The reason is that many advertisements are used to mislead investors. However, since then, both companies have been repeatedly implicated in accusations of deceptive advertisements on their websites. In January 2021, the number of crypto-related scams doubled from the same period in 2020 to 720 cases, or 23 cases per day. In July 2020, scammers raised $100,000 after hacking several popular Twitter accounts and posting notices that they would pay double if followers sent Bitcoins to an anonymous Bitcoin address. According to reports, some calls even asked elderly people to invest in fake cryptocurrency schemes. Not only attracting young investors, Bitcoin is becoming more and more widely recognized. Research by the UK Financial Conduct Authority (FCA) indicates 22% of crypto investors are over the age of 55 in 2020, compared to just 7% in 2019. “There are a lot of opportunities for crypto scams. Some people have made a fortune in crypto and that attracts vulnerable investors,” said Sam Tate at law firm RPC. Desire to get rich The prices of Bitcoin and Ether – the world’s two most popular cryptocurrencies – have surged in recent months. Bitcoin is up 95% year-to-date, while Ether is up 480%. Even Dogecoin – the cryptocurrency that started as a joke – has increased in price by more than 10,000% since January 1, 2021. The skyrocketing price momentum caused investors to flock to cryptocurrencies even without really understanding them. According to a recent survey by Harris Pol, most Americans who have heard of cryptocurrencies do not fully understand them. About 61% of people admit they don’t understand, or understand very little about how they work. On March 30, an investor named Phillipe Christodoulou reported that he had lost 17.1 Bitcoins (equivalent to $600,000 at the time) in his digital wallet. Specifically, after downloading an app rated nearly 5 stars on the App Store, Mr. Christodoulou lost all of his Bitcoins in less than a second. The app pretends to be the manufacturer of crypto storage devices Treznor, although in fact has no affiliation with this company. UK-based Coinfirm, a company that specializes in investigating cryptocurrency scams, revealed that it has received more than 7,000 requests from people who have had their crypto stolen since October 2019. Ether and Bitcoin prices skyrocket in 2021. The fake apps are mainly in the Google Play Store for Android and Apple’s App Store, according to Pawel Aleksander, Coinfirm’s chief information officer. Coinfirm said five people reported having their crypto stolen by the fake Trezor iOS app, with a total loss of $1.6 million. US Treasury Secretary Janet Yellen also warned that cryptocurrencies are a “particular concern” and are often used for illicit financial activities such as money laundering. The Securities and Exchange Commission of Thailand recently proposed a new rule that could force individual investors to have certain knowledge about cryptocurrencies before being allowed to open a trading account. According to Andrew Bailey, Governor of the Bank of England (BoE), cryptocurrencies “have no intrinsic value” and investors should prepare for a loss mentality. “Cryptocurrencies may have external value but no intrinsic value. Only invest in it when you are ready to lose all your money,” Bailey said at a press conference. Scammers try to convince their victims that they are knowledgeable and professional, which can yield great returns with little investment and effort. Sanjay Andersen However, according to Investors’ Chronicle , the authorities may not have the resources to deal with Bitcoin-related scams on social media. “The question is whether there are enough resources available for crypto criminals. Where does the additional funding to tackle crypto scams come from?” asked Mr. Tate at RPC. “UK regulators and partners like the Financial Conduct Authority understand that investment fraud has a serious impact on victims’ finances and confidence,” said Director of the Department of State Affairs Sanjay Andersen. British National Fraud newspaper confirmed. “We work closely together to stop the criminal activity, shut down the websites and bank accounts of the people behind the scams and bring them to the dock,” he stressed. “Scammers try to convince their victims that they are knowledgeable and professional, and can yield great returns with little investment and effort,” commented Mr Andersen. “But remember, if a deal seems too good to be true, it could be a scam,” he added.

Internet Computer was introduced to help anyone post any content they want to the internet without going through technology giants like Amazon, Facebook or through servers. commercial cloud service. The founder of this virtual currency project, Dominic Williams, said that Internet Computer was founded with the idea of ​​avoiding corporate barriers and helping to keep costs down. Users can build social media and other services to compete with the big internet companies in the world. Mr. Dominic Williams, developer of the virtual money project Internet Computer This virtual currency’s network uses smart contracts or task software to compete with larger cryptocurrencies like Ethereum. Internet Computer is also “shaking hands” with many other cryptocurrencies and related networks – such as Polkadot, Binance Coin – to overtake Ether. Internet Computer was born in the context of digital money like Bitcoin, Ethereum, Dogecoin is booming around the world, digital money is mentioned everywhere, at dinners to Saturday Night Live on television. country in America. As of 9am this morning (May 12), Internet Computer was traded at $ 370.3, an increase of more than 1% compared to the previous 24 hours. The value of this virtual currency transaction reached $ 1.5 billion, up nearly 90% in 24 hours. The total market capitalization of the crypto market is currently $ 2,480 billion, up from under $ 1,000 billion earlier this year. According to data from CoinDesk, Bitcoin is still the most valuable virtual currency in the world, as each Bitcoin is currently trading at $ 56,956, up 2.43% from yesterday. In second place is Ethereum with a transaction value of $ 4,298, up 8.76%. Dogecoin coin ranked fifth with a transaction of $ 0.508, up 8.91%. HA Cryptocurrency increased sharply, Asian businesses raced to bet on Bitcoin

Dogecoin – a cryptocurrency that was born as a joke – has a market cap of more than $ 66 billion. In addition to Bitcoin, Ether and Dogecoin, CoinGecko tracks more than 7,000 other cryptocurrencies. However, according to Bloomberg Most investors want to observe Bitcoin and Ether – the two largest cryptocurrencies in the world. Bitcoin is designed as an exchange currency without the need for any intermediaries. This is a new form of money, verified through encryption technology in peer-to-peer (P2P) systems. The ledger (blockchain) records all Bitcoin purchases. Bitcoin is a store worth more than $ 1 trillion. However, it does not contain any buildings, executives, lawyers, political structures or employment organizations. Bitcoin also does not need an accounting even if it is a digital ledger. Bitcoin and Ether are the two most popular cryptocurrencies in the world. Photo: Reuters. Digital gold Bitcoin token does central work, security, and upgrades for new innovations. Mid-sized computer companies that manage machines carry out transactions. These are called “miners”, just like a digital mining company that mines digital gold. Because there are no intermediaries, Bitcoin can efficiently, inexpensively and unpolitically solve the problem of long-distance value transfers. So far, the Bitcoin system proves to be one of the most versatile technologies we have ever had. Bitcoin has little or no value when it was first activated in January 2009. By April 2021, Bitcoin’s price hit a record of nearly $ 65,000. And Ethereum was developed by Vitalik Buterin – a Russian Canadian teenager – in 2013. Initially, Buterin loved Bitcoin but quickly became dissatisfied with its limits. Buterin is determined to start building a system that can do more. His vision is to create a blockchain that stores smart contracts – executing specific tasks in case certain conditions are met. In other words, the only limit to transactions running on Ethereum is the imagination of the developers. Bitcoin’s price has risen almost 100% since the beginning of 2021, while the price of Ether has climbed nearly 400%. The question is what Ethereum borrowed from Bitcoin. It’s the idea behind a decentralized network that records purchases. Both systems are public and are built on open source software. Both also have miners. They perform complex calculations used to verify transactions and receive new types of digital currencies. The system also received criticism for its high energy consumption. One estimate shows that the Bitcoin network used more electricity than Sweden within a year. Bitcoin has been referred to as a form of “digital gold”. Of course, this cryptocurrency is highly volatile and has seen bubbles crash many times. However, some investors hold Bitcoin as a hedge against inflation due to the limited supply. Bitcoin price is also unaffected by other assets. Therefore, many investors use them to diversify their portfolios. Investors often view Ether as a type of growth investment. They bet on the development of a decentralized ecosystem built on top of Ethereum Phil Bonello Ethereum is also going through a development process. But the first boom happened in 2017 with a series of ICOs (first cryptocurrency releases). Many cryptocurrencies were born, used to exchange Ether and most used the Ethereum blockchain. Ether price then hit a record of 1,200 USD / dong. The second boom comes in 2020 as decentralized finance (DeFi) projects thrive. These startups pay interest on Bitcoin or Ether deposits, mortgage lending or cryptocurrency swaps on decentralized exchanges. The Ethereum network is therefore used for financial management, lending and mortgages. All without banks and brokers. Along with that is the hot development of irreplaceable tokens (NFT), a kind of virtual item that is authenticated by blockchain technology, with the digital signature of the owner. NFT is an indivisible, intact asset stored on the blockchain platform through a smart contract, non-destructive, verifiable, and has no second copy. The work has a name Ev erydays: The First 5000 Days Crypto artist Beeple’s was sold for $ 69.4 million at an auction by Christie’s. Threats of Bitcoin’s monopoly position The prices of Bitcoin and Ether have not fluctuated much between 2018 and 2020, also known as the “crypto winter”. But both benefit when governments pump money heavily into the economy to deal with the effects of the Covid-19 epidemic. MicroStrategy Inc. – a software and consulting firm – and billionaire Elon Musk’s electric car company Tesla has invested in Bitcoin. Wall Street and many other financial institutions are also starting to accept Bitcoin. Morgan Stanley and PMorgan Chase & Co. All open digital tracking channels for customers. Meanwhile, the price of Ether is driven by the activities going on on the world’s most popular blockchain. The company has undergone several upgrades to improve its network. The change is also likely to reduce supply. That will drive up the price by increasing the attraction and limiting the amount of Ether available. “Investors often see Ether as a type of growth investment. They bet on the development of a decentralized ecosystem built on top of Ethereum,” said Phil Bonello, Research Director at Grayscale Investments. , comment. Ether price peaked at more than 4,200 USD / dong on May 10. Photo: Coin Desk. The Ethereum network is used more than Bitcoin, and countless developers are still working on. Bitcoin currently accounts for about 46% of the total cryptocurrency market value, down from 70% earlier this year. The rate of Ether is 15%. However, extreme legal or tax risks could threaten the growth of Bitcoin and Ether in a number of countries. Along with that is the risk of fraud or investors forget the digital financial code. Some observers consider the cryptocurrency boom a bubble. Large institutions – often referred to as “whales”, which hold huge volumes of cryptocurrency – can also adjust prices at will. Even crypto proponents argue that the sector is very volatile. However, Bitcoin and Ether have recovered from a downtrend over the years and are increasingly adopted as a mainstream financial asset.

Bitcoin and Ethereum are the two largest cryptocurrencies on the market today. Photo: Getty The days when Bitcoin was the only option for investors looking to get rich in the crypto market are now a thing of the past. Ether, the world’s second-largest digital currency, has just continued to set new records as interest in so-called altcoins continues to soar. Dogecoin, which was originally a joke, now has a market value of nearly $ 90 billion. For the majority of people, the 2 biggest cryptocurrencies still receive the greatest interest. Both Bitcoin and Ether had a great start in 2021, Bitcoin’s price doubled, Ether also more than quadrupled, compared with an 11% increase in the S&P 500 index. Where to invest in Ether Ether is the most commonly used token in the world, and Ethereum is also the currency that Microsoft Corp pays for in exclusive digital art (NFT) purchases and sales, which are causing the ‘ fever ‘in the market recently. Pat LaVecchia, CEO of trading platform Oasis Pro Markets, said, “Ether is a blockchain platform has the same role as the app stores of Apple and Android”. Whereas “Bitcoin is a commodity like gold, or is a store of value”. Unlike Bitcoin, where many features (eg supply) have been fixed since inception, the Ethereum platform is still evolving with updates that promise to help improve the system. It is even possible that regulations change and cause the supply to drop, which will drive Ether prices up. “Investors often see Ethereum as a growth investment, betting on a decentralized ecosystem that continues to evolve,” said Phil Bonello, research director at Grayscale Investments. Bitcoin investment case Although Bitcoin’s lead has weakened somewhat recently, Bitcoin now accounts for about 46% of the total crypto market cap, compared to almost 70% at the start of the year. However, according to crypto tracking firm CoinGecko, it remains the largest digital currency in the world with a market value of more than $ 1 trillion, compared with Ethereum’s $ 380 billion. Bitcoin is still the choice of big businesses. Tesla and MicroStrategy buys Bitcoin, not Ether. When Paul Tudor Jones or Ray Dalio talk about cryptocurrencies, they just talk about Bitcoin. Cornerstone Macro analysts have studied how Bitcoin and Ether prices played during a plunge. They found that when the Bloomberg Galaxy Crypto Index fell 20%, the downside risk for Ether was greater than for Bitcoin and vice versa. If you want to invest in both Anyone who wants to enter the crypto market needs to get used to the huge fluctuations of prices, even for the oldest and largest coins. In addition, this market has countless other risks such as the exchange can be hacked, the management suddenly tightens the management of this currency … Most mainstream financial advisers say that they do not encourage investors to put more than 5% of their portfolio in cryptocurrencies and also warn clients that they need to prepare themselves for the loss. . However, for those looking to get into the crypto space, old advice like diversifying your portfolios and hedging is always true. “Due to diversification opportunities among digital currencies, we should consider investing a small amount of them, rather than just Bitcoin alone,” advises Cornerstone analysts.