Ethereum is Our Growth Pick of the Week

This post was originally published on this site
https://i-invdn-com.investing.com/news/LYNXMPEBBR0PM_M.jpg

Each cryptocurrency has its own mechanism to validate transactions and is based on different protocols. While it can be overwhelming sorting through all the various options, one of the best-performing coins has been Ethereum. Since its inception in the middle of 2015, Ethereum has climbed from $1 to over $4,000. Over the last year, it’s up 975%. What is really exciting about ethereum, compared to other coins, is that there are nearly 100,000 developers building applications on top of the ethereum platform.

In today’s article, I want to discuss ethereum’s fundamentals and some of the latest, promising developments. Then, I want to focus on some of the applications that are going to drive even more demand for ethereum in addition to the increasing institutional involvement. Finally, I will explain why those without any crypto exposure should consider buying the Grayscale Ethereum Trust (ETHE).

Continue reading on StockNews