In its review, summing up the results of 2020, the cryptocurrency exchange emphasized that institutional investors are still interested in Bitcoin. However, ETH did not leave the inquisitive gaze of companies either
Ethereum hodling is of interest to clients who have appreciated the potential of cryptocurrency as a digital commodity and store of value. This trend intensified in 2020.
This is not surprising, since ETH has surpassed BTC in value growth. The second cryptocurrency rose 487% to $745, while Bitcoin gained 300%.
There are a couple of factors preventing cryptos from taking an even better position. This is definitely a scaling issue. If solved, the platform will play a huge role in the further development of decentralized finance.
As scaling develops, as the throughput on the blockchain improves, the fees charged on transactions will decrease. This is very important, since now, when the price of the cryptocurrency has gone up, the commissions are from 6 to 8 dollars.
Considering that the activity of developers on Ethereum is increasing every year, and the creators of the cryptocurrency are constantly working on the Ethereum 2.0 platform, the future is bright.
DeFi projects are developing by leaps and bounds, stablecoins like Tether and USDC are becoming more popular. Therefore, investing in this cryptocurrency is quite justified.