Ethereum vs Bitcoin: Comparison of the Biggest Cryptocurrencies

Ethereum vs Bitcoin: Comparison of the Biggest Cryptocurrencies

Cryptocurrency and the blockchain technology have been having a rather significant impact on modern society. Just a decade ago many people could not have even imagined that something like that will erase, develop and speed up technological progress. Today Ethereum and Bitcoin currency are two indisputable leaders among other digital currencies by market capitalization.

After the launch of these two virtual currencies, we started thinking about money differently. For example, if you told someone lets say 7 years ago that digital currencies could have potentially become an alternative means of payment, hardly anyone would have taken that seriously.

Ethereum vs Bitcoin: Performance

Bitcoin

This is the world`s largest cryptocurrency by market capitalization, that is indeed the most popular and demanded virtual asset on the market. It was developed by a person or a group of people who used a name Satoshi Nakamoto. The first digital cryptocurrency ever was launched back in January 2009.

Bitcoin actually stands for two things: a cryptocurrency and a peer-to-peer payment system, where BTC is used.

These innovative digital payment system with a cryptographically protected accounting unit that provides access to its services was a very first successful project of that kind. It had a really strong impact on the further development of the cryptocurrency industry and even beyond. Since the payment system is based on the blockchain technology, it helped popularize this technology that can be applied way widely that just in virtual currencies.

Bitcoin payment system is used to purchase goods and services, as well as to store a valuable monetary resource (in this case the cryptocurrency is actually similar to gold).

Purchasing BTC is not the only option to get the most popular digital coins. One can also engage in mining or use Bitcoin faucets. This digital currency has a limited number of coins to be issued. The smallest fraction of BTC is called satoshi and amounts to 0.00000001 BTC.

Ethereum

This is the second cryptocurrency by market capitalization, as well as a platform for the development of decentralized blockchain-based applications, created by Vitalik Buterin, Joseph Lubin, Gavin Wood, and others. The cryptocurrency was initially launched in July 2015. This is an inflationary coin, which means that the issue of ethereum coin is not limited to a certain number.

Just like Bitcoin, Ethereum basically stands for two things: a platform for the development of decentralized blockchain-based applications and smart contracts, and a well-known crypto coin ETH. The smallest fraction of ETH is called Wei and amounts to 0.0000000000000001 ETH.

Ethereum vs Bitcoin: Price

Different media and not only crypto-related ones, often talk alot about these two cryptocurrency market leaders. And first of all, everybody is paying attention to their rates, of course. But following media outlets is not the only option to find out the price of any Crypto coin. You can use online services like CoinMarketCap to check the current rate of any virtual currency to fiat money or to another coin. There are also different charts and diagrams that demonstrate rate volatility, so that users can check how the rates of cryptocurrencies were changing throughout their history.

Bitcoin price

BTC rate is not that sustainable. It changes all the time and it is rather difficult to make any predictions especially in the long term.  When this article is written, the rate of the first virtual currency is not really doing its best. Bitcoin price USD amounts to around $6.5 thousand per each coin.

BTC rate reached its all-time record in December 2017. Back then nearly all experts, analysts, BTC holders, investors and just those who were interested in digital currencies were really shocked, when the BTC price was approximately $20 thousand per a coin. Those who managed to sell their Bitcoin assets at such a high price really made a lot of money, while those who had been rather sceptical about BTC since the very beginning were kicking themselves. Today, there are about 17,3 million BTC in circulation and the total trading volume amounts to $3,538,226,691.

Bitcoin price today is almost four times lower than it used to be back in late 2017. However, still many crypto-enthusiasts, experts and opinion leaders are rather optimistic. They expect another rapid increase of the cryptocurrency market soon.

Ethereum price

ETH rate is not doing its best, just like Bitcoin. At least that is what is happening on the market today. Etherium price varies and fluctuates from time to time which makes holders of this coin nervous.

Ethereum price today is about $205 per each digital coin. World`s second cryptocurrency also has its own record – back in December 2017 the rate reached approximately $1,2 thousand per one ETH. This Ether rate increase was really difficult to predict. Today there are 102 million ETH in circulation and the daily trade volume is $1,224,203,671.

Today ETH price is around 6 times lower than it used to be in winter 2017. However, the platform itself is still very popular. Many experts believe that  this is a key to the future success of the platform and the cryptocurrency.

Ethereum vs Bitcoin: Chart

If you do not know but want to learn how to predict the fluctuations of BTC, ETH and other cryptocurrencies, then you need to understand the basics of deep diagram analysis. We will not go deep into details and focus on easier things.

Bitcoin price chart

It is known that any centralized authority has no direct impact on Bitcoin. All management operations, as well as the issue of new coins is carried out in the network itself. The first cryptocurrency is an open resource, because it is developed publicly, has no managers and is not directly controlled by anyone.

Bitcoin chart shows that the rate of Bitcoin has increased amazingly since the launch of the payment system and the cryptocurrency. This made traders and investors to consider it as an attractive investment opportunity and made it much more reasonable to purchase or exchange BTC for USD.

The highest Bitcoin value was registered in December 2017 when one digital coin was traded at the price of $20 thousand. That was something. However, today, in October 2018, BTC cannot overcome $7 thousand. Given that only less than a year has passed, many people worry that the rate is too unstable.

Ethereum price chart

Everyone can check the price fluctuations of all cryptocurrencies and digital tokens on their own. You should not have any special skills related to economics or analytics to do that. You can just use special services to monitor the situation on the cryptocurrency market. As usually, we recommend the most popular and convenient one – CoinMarketCap.

There is a detailed Ethereum chart there. It can help be aware and follow all cryptocurrency fluctuations. The charts will also help figure out when it is the best time to sell the digital currency or to buy it.

Almost a year ago the cryptocurrency broke its all time rate record. One ETH cost a bit less than $1,3 thousand. You can check it and monitor ETH chart. Today the rate is way less and amounts to just a bit more than $200 per each ETH.

Ethereum vs Bitcoin: Investment

Cryptocurrencies have a promising potential and that is why many investors consider these digital assets rather attractive especially in the long term. Today virtual cryptographically protected money is one of the most innovative approaches on the financial market and a number of people have already managed to make a fortune using them.

Bitcoin investment

Let’s talk a little bit about how appealing is the most popular cryptocurrency for investors. Well, BTC is being adopted to the world’s financial markets and the growing interest to this virtual asset may ensure that its rate increase.

Invest in Bitcoin or not is up to every user. However, we will take a closer look at how one can do it. BTC was launched back in 2009 and at that time (as well as quite a long time after that) only a very few people really considered Bitcoin a good investment. Today it is different – even those who are not really interested in cryptocurrencies would probably be glad to own several coins.

Ethereum investment

The second cryptocurrency by market capitalization was initially launched in 2015 and, unlike Bitcoin, became rather popular right away. Many people believe that ETH is a very promising alternative to BTC.

The main problem of many different cryptocurrencies is that they actually depend on Bitcoin. BTC indeed has the best liquidity and that means users often have to exchange their coins for BTC first and then exchange BTC for the US dollar or other fiat money. ETH is different, however.

Invest in Ethereum is considered a profitable investment by many experts, as they believe that this cryptocurrency will be demanded on the market. Since it has an unlimited emission, many users think that ETH mining will always be demanded.

So let’s get back to how one can invest in Bitcoin and Ethereum.

Option 1: Speculation in cryptocurrency rate as a way of investment

The main thing here is to sell the cryptocurrency at a price that is significantly higher than the cost of your purchase. For example, in 2013 you bought one BTC at a price of $ 200 and sold it in December 2017, when the price of a currency almost exceeded $ 20 thousand for one coin. If you do some small mathematical calculations, then you will be surprised by the profit that you could get on the difference of one coin. Imagine that in 2013 you bought not one, but 10 coins.

Option 2: Mining

To mine these digital currencies you will need a high-performance equipment that you can either purchase or rent. These investments will help you get the coins and then hold them or trade. Always keep up with the latest rate to make a good deal.

Ethereum vs Bitcoin: Wallet

It is better to have a wallet to store your money. Cryptocurrency is also a kind of money, and it also should be stored in a special wallet. There are many different ETH and BTC wallet option and developers have created many different services for users to keep their cryptocurrency assets. Some of them operate online, while others are stored locally.

When you choose Bitcoin and Ethereum wallet, the most important thing is actually its security. You’d better spend some time checking this. You can also look through different reviews and comments from other users.

You basically need a cryptocurrency wallet to make operations with your virtual currencies. There are five main Ethereum and Bitcoin wallet types:

  • web;
  • desktop;
  • mobile;
  • hardware;
  • paper.

Users of such platforms and operating systems as Android and iOS, Windows, MacOS, and Linux are lucky because every single type of the wallet usually operates on them. Online Bitcoin wallet, as well as online ETH wallet actually stores cryptocurrency in the cloud, while hardware wallets do that locally on your device. There are also paper wallets, where all the information related to the private key is written down on the paper.

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Cryptocurrency Prices Today, March 18: Bitcoin Became Entrenched At $4000

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA, Dash, Monero: Cryptocurrency Rate

According to the Coin360 online platform, Bitcoin (BTC) remains stable over the past 24 hours and added 0.69%. The price at the time of writing is $3988 per coin.

Cryptocurrencies have changed a lot in price:

Bitcoin Cash added 5.99%, Bitcoin SV lost 0.29%, the value of coins is $157 and $66, respectively;

Ripple grew by 1% and costs $0.31;

EOS decreased by 0.8% and its price is $3.71;

Litecoin fell by 2% and its price is $59;

Cardano dropped by 0.07% and its cost is $0.049;

Stellar added 0.2% and costs $0.10;

IOTA lost 1.8% and its cost is $0.29;

Dash increased by 2.8% and its price is $92;

Monero became cheaper by 1% and costs $51.

Over the past 24 hours, Ethereum has lost 0.5%. The rate of the coin is $136.

The total market capitalization is $139 billion. Bitcoin accounts for 50.8% of the total. In monetary terms, it is $70 billion.

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When Will Finally Growth Happen? Or Fresh Forecasts of Cryptocurrency Analysts

As we all remember, the 2018th year was far from the best in the history of Bitcoin as well as other cryptocurrencies. For the previous year, the first cryptocurrency slipped from $20,000 to $3,200. As of this writing, one BTC coin costs $3,940.

Perceptible revival in the cryptocurrency market has provoked another dose of optimistic statements from analysts. Let’s take a look at what professional traders and cryptocurrency market experts are saying about the immediate prospects for the Bitcoin rate.

Leah Wald

A professional trader, and in the past, World Bank economist Leah Wald, claims that the rate of the main cryptocurrency will fall to a critical level of $1,500, and only after that, new growth can begin, up to $6,500. But the user with the nickname Filb Filb doubts her prediction and claims that BTC has already “found its bottom” and now only the growth up to $6,000 and higher is waiting for us.

Leah Wald is confident in her forecast, so she decided to make a bet with her opponent – in case her prediction turns out to be wrong, she will have to transfer 1 Bitcoin to the user Filb Filb.

Cane IslandCrypto

An analyst from Texas, who is known on Twitter under the nickname Cane IslandCrypto recently published his own vision of the BTC price behavior in the coming years. So, he believes that a long and confident uptrend is waiting for us:

  • until the end of 2019, the BTC course will be $7,800;
  • in 2021 – $28,627;
  • in 2023 – $93,382;
  • in 2026 – $471,532.

He is confident that the bear market is over and only growth is waiting for us in the coming years.

Canaccord Genuity CapitalMarkets

A group of leading analysts of Canadian financial institutions Canaccord Genuity CapitalMarkets has a similar opinion about the rate of the first cryptocurrency. They believe that in two years Bitcoin will return to its peak values and go higher.

To create the own Bitcoin price chart, analysts were guided by historical data for 6 years (from 2011 to 2017). After analyzing the behavior of BTC, they came to the conclusion that at the moment the price of the asset has already “found the bottom”. And in the near future, the BTC course should start its growth.

Conclusion

If we analyze this information, we can conclude that the mood of market participants is beginning to change for the better. So far, the Bitcoin rate shows growing, even though slow: in recent months it has grown from $3,200 to $3,940 and continues to ascend. The nearest psychological mark is at the level of $4,000 – $4,100.

We will closely follow the latest news from the cryptocurrency world. If you always want to stay up to date with the latest events, then follow the updates on our website or subscribe to us on social networks.

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Bitcoin Overcame Psychological $4000 Mark: Rate Chart

The weekend begins well: today on March 16th, 2019, Bitcoin rate broke another psychological mark of 4 thousand dollars.

Half-hour graph from cryptocurrency exchange Bitstamp Source: TradingView

In the graph above we can see that not only Bitcoin has increased, but also trading volume. As expected, almost all the coins followed Bitcoin.

Source: Coinmarketcap

This is exactly how Top-10 cryptocurrencies looks like. Bitcoin Cash showed the maximum growth in the last 24-hours, it managed to grow by 14%, the second place in the growth dynamic takes Litecoin with 6,61%.

What is it – the final verge of a trend or another market manipulation? We will follow developments and provide you with the latest information.

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TOP 5 Most Convenient Applications To Use And Work With Cryptocurrency

Cryptocurrency is one of the most promising and growing industries in our modern world. It is becoming more and more valuable to our society, as well as to the nations’ economies and banking systems, since people prefer more convenient ways of trading and transferring money. We therefore offer you to look at top 5 apps that the most convenient in using and working with crypto.

1. Keymano

Keymano is a top wallet that provides a customer with a myriad of opportunities. It’s very convenient, fast and secure. Managing crypto or fiat money through Keymano wallet is easy. Using Keymano wallet anyone can sell, buy or send crypto on the go. It is user-friendly and straightforward.

Connect Keymano Card and Wallet to get even more functions. This Card allows you to make payments online and in-store. Moreover, the user can withdraw cash at any ATM terminal.

Keymano is a fully-featured product which not only simplifies managing crypto but also creates more ways to use it. With Keymano any transaction (from buying coffee to money exchange) is simple and always available in any part of the whole world. Having Keymano you can:

  • pay with crypto in any part of the world;
  • pay with BTC, ETH, etc;
  • manage multiple currencies in one App;
  • pay online or in-store using Keymano Card.

2. 365Сash

365Cash is a platform that provides services to users in different countries by organizing P2P transfers of digital assets. By the time of publication, the platform overcomes 850,000 cryptocurrency swaps. Such a big number extols this platform over others on the market. The service also possesses the following features:

  • Its own large ecosystem which uses nodes for cryptocurrencies and works automatically.
  • The most favorable rates for customers. The service earns on the difference in sales rates due to a large flow of customers and hedging the risks of cryptocurrency fluctuations.
  • Fully automatic system of receiving and paying funds to customers using the most popular payment system in Russia – Qiwi.
  • In future, it is planned to expand the pool of available cryptocurrencies.

3. Quppy 

Quppy is multicurrency payment system with unique cross-platform applications.The wallet provides users the ability to share crypto assets via different accounts inside one single wallet as far as within a decentralized storage system. By the end of the month, users will be able to withdraw money in euro. The platform also have some interesting features:

  • Sharing all your crypto assets through various accounts on one single platform.
  • Superior security for users based on blockchain technology.
  • Fast cryptocurrency exchange and instant transactions;
  • Multicurrency support including Bitcoin, Bitcoin Cash, Litecoin, etc.
  • Integration of Nexo – a service of the world’s fastest instant credit.

4. Chatex

Chatex is a platform that makes transfers, exchanging or paying for goods much more easier for every customer. Cryptobanking facilitates access to the use of cryptocurrency for those who have never had a cryptocurrency wallet and who do not want to understand difficult passwords, 12 words, etc. The service eliminates the possibility of loss of big passwords or phones, since it allows you to regain access during a personal appearance to the certification center. Unique feature are:

  • The wallet is protected by an additional PIN-code and in exchange transactions between people.
  • Instant internal transfers without commissions. Instant purchase with any VISA/MC.
  • Respond quickly to digital assets management requests from your smartphone.

5. Waves

Waves is revolutionary mobile app which enables users to connect to the network and make transactions. It is a comprehensive, all-in-one app for mobile devices with an absolutely unique feature set that includes a crypto wallet, the Waves DEX, and fiat gateway. The biggest advantages of the platform are:

  • All traffic is encrypted, hence privacy and security are fully provided. Private keys never leave users’ smartphone and are never exposed to the web.
  • Supporting Face ID, Touch ID and Fingerprint scanning.
  • Trading on DEX, with the great tools and charts, it provides access to fiat and crypto gateways, so the customer can deposit, store, trade and withdraw other assets.
  • The customer can send tokens to one’s address book contacts, lease one’s WAVES, receive warnings about suspicious tokens and burn any spam assets he/she doesn’t want.

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Cryptocurrency Prices Today, March 15: Cryptocurrencies Are Rising in Price

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA, Dash, Monero: Cryptocurrency prices

According to the online platform Coin360, Bitcoin (BTC) added 0.48% in the past 24 hours. Price at the time of writing is $3888 per coin.

Cryptocurrencies moved to the green zone:

Bitcoin Cash added 3%, Bitcoin SV gained 1%, the cost of the coins is $133 and $65, respectively;

Ripple grew by 0.25% and costs $0.31;

EOS increased by 1.3%, and its price is $3.6;

Litecoin added 1.9%, and its value rose to $56;

Cardano grew by 7.6%, and its cost is $0.049;

Stellar lost 2.6% and costs $0.10;

IOTA added 2.9%, and its value is $0.29;

Dash increased by 2.5% and its price $89;

Monero gained 0.4% and costs $51.

Over the past 24 hours, Ethereum became more expensive by 1.3%. The rate of the coin is $133.

The total market capitalization is $135 billion. Bitcoin accounts for 50.9% of the total volume. In monetary terms, this is $69 billion.

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Cryptocurrency Prices Today, March 14: Cryptocurrencies Are Stable

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA, Dash, Monero: cryptocurrency rate

According to the Coin360 online platform, Bitcoin (BTC) remains stable over the past 24 hours and has lost only 0.43% in price. The price at the time of writing is $3863 per coin.

Cryptocurrencies have not changed significantly in price:

Bitcoin Cash added 2.9%, Bitcoin SV lost 0.9%, the value of coins was $129 and $65, respectively;

Ripple dropped by 0.2% and costs $0.31;

EOS grew by 1.4% and its price is $3.57;

Litecoin increased by 1.75% and its price is $55;

Cardano lost 1.25% and its value is $0.046;

Stellar added 6.4% and costs $0.10;

IOTA has become more expensive by 1.4% and its cost is $0.28;

Dash decreased by 3.9% and its price is $87;

Monero added 1.9% and costs $51.

Over the past 24 hours, Ethereum has lost 1.56%. The rate of the coin is $131.

The total market capitalization is $134 billion. Bitcoin’s share is 51.1% of the total. In monetary terms, it is $68 billion.

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