Kakashi2020 Posted January 16, 2021 Share Posted January 16, 2021 In December 2020, the second-largest cryptocurrency after Bitcoin, Ethereum has a market capitalisation of $68,127bn. The cryptocurrency started the year trading around $125 and climbed up to around $600, which is a 380 per cent surge within a period of 12 months. Why is Ethereum considered the best crypto to invest in? Ethereum open source blockchain network has always served as a preferred network for decentralised applications (dApps). In addition to its native cryptocurrency, Ether (ETH), the platform supports other crypto platforms such as Uniswap (UNI), Maker (MKR) and Aave (AAVE), which are active in the Decentralised Finance sector. DeFi is considered one of the fastest growing crypto trends, which can transform insurance, loans and savings programmes, making them independent from banks and other centralised financial institutions. In 2020, the fastest-growing sector in the crypto world, DeFi reached new highs. The total number of assets, locked in the DeFi ecosystem surpassed $13bn (in 2019, this number was less than $3bn). The explosive influx of market participants and capital to the DeFi contributed to Ethereum's strong position as the leading altcoin, as it dominated the sector holding 96 per cent of the total volume of transactions. Quote Link to comment https://slingbank.com/forums/topic/9918-ethereum-most-promising-coin-in-2021/ Share on other sites More sharing options...
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