Cryptocurrency Ethereum / Value increased by 560% within the year
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Cryptocurrency Ethereum has seen high growth within the year
Bitcoin is without a doubt the most famous and powerful cryptocurrency in the world. With a value of 70 thousand dollars for 1 Bitcoin, it has become a safe investment for everyone.
But, at least for this year, another cryptocurrency is moving at an incredible pace. Although in absolute value it is much lower than Bitcoin, only $4,850, Ethereum has seen a 560% increase in value.
People are investing more and more in these currencies, as experts predict that the wave of this decentralized financial world will prevail over that of banks.
In total, $575 billion worth of Ethereum cryptocurrencies circulate on virtual markets, roughly half of Bitcoin, which is valued at $1.3 trillion. Analysts of the cryptocurrency world are seeing a change in the investor trend, CNN Business reports. Until recently, 75% of cryptocurrencies in circulation were Bitcoin, while now this figure has dropped to 50%. This is mainly due to the fact that Ethereum is gaining more and more ground.
However, experts recommend that investors stay loyal to the safest cryptocurrencies, Bitcoin and Ethereum, and not undertake risky investments, as not all cryptocurrencies have found ground for practical use.
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