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Is Ethereum (ETH) a Worthy Investment?

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Ethereum

Ethereum (ETH) is a well-known project in the crypto industry. It is the second largest coin by market cap, and likely the second most important cryptocurrency that was ever developed. In both cases, it was bettered only by Bitcoin itself, which places it quite high on the importance scale.

However, while nobody can deny the project’s importance for the crypto industry — as it is responsible for shifting the attention from cryptos to blockchain — many are starting to wonder if it is still a good investment. There was a time, not too long ago, when Ethereum was a go-to project for those who wanted to create a new cryptocurrency, smart contract, or a dApp.

The project was faster than Bitcoin (albeit not that much), and it was the record holder for the number of transactions per day, week, or month. However, its own scalability issues, plus the fact that its fees were relatively large, as well as the necessity to learn its own programming language to use it, inspired developers to create multiple alternatives. Today, Ethereum is far from being the only development platform in the industry. It is also quite far from being the best for dApp and token development.

It has several competitors these days, including TRON — a project that started on Ethereum — as well as EOS, both of which continue to grow and attract not only dApp users but even dApp developers. But, what does that mean for Ethereum? Is it still a good investment today? Will it be worth it in the future?

Is investing in ETH worth it?

Investing in Ethereum — or any other cryptocurrency, for that matter — was a difficult thing to do in 2018. With the prices constantly on the decline, there were some investors who took the chance to invest while the coins were cheap, but not a lot of them wanted to risk losing money. These days, things are starting to turn, and with the growing prices, ETH is seeing the return of investors, which is the trend throughout the crypto space.

The coin has seen several strong surges, and while it is still far away from its all-time high — its price is currently at $172, which is quite a bit higher than where it was at the beginning of the year. Even so, this still does not answer the question — is ETH a safe and worthy investment?

A lot of people tend to point out that the volume of Ethereum’s ecosystem has gone down significantly from its glory days. However, this is not an indication that there is something wrong with the project, or even that there is a lack of interest. The ‘glory days’ were the days of ICOs — the days when pretty much anyone could come up with their own new coin and launch it.

Coincidentally, the easiest way to do it was on Ethereum’s blockchains. However, while these projects saw a lot of trading in 2017, thus contributing to the ecosystem’s volume, the situation turned in 2018 when the crypto winter struck.

Some of the projects were weak, and they died out when things got tough. Others were scams that disappeared in time. And then, there are tokens that left the ecosystem in order to create their own, such as TRON itself. The loss of volume combined with the price decline did not help Ethereum’s reputation. Then, there are competitors, like TRON and EOS, which have improved their projects and started attracting dApp users and developers.

This is only natural, as they can handle greater numbers of transactions almost instantly, and they do not charge fees for every single microtransaction that occurs while using dApps. However, it is also worth noting that most of their dApps are gambling-related, and gambling is a touchy subject around the world. Meanwhile, Ethereum’s dApps remain much more diverse.

What do the experts think?

Ethereum predictions given by the experts seem to be quite bullish, too, which is another indicator that the project does have value. The founder of Joe Technologist.com, Joseph Raczynski, believes that ETH will surge to $1,200 by the end of the year. Ian McLeod of Thomas Crown Art is also bullish on ETH, although less than Raczynski. He predicts that ETH will reach around $500 by the end of 2019. Then, there is Nigel Green of the deVere Group, who believes that ETH might surge to $2.500 by the year’s end.

Clearly, ETH is seen as a worthy investment by all of these experts, and its importance for the crypto space cannot be denied. Further, Ethereum’s Vitalik Buterin does not seem to be concerned regarding the migration of dApp users and developers. According to him, Ethereum’s main purpose was always to provide smart contracts, which is the area where it is still the best. As such, ETH does remain a safe investment and is more than worthy of considering, even in 2019.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Ethereum

How can Ethereum casino improve the online gambling industry?

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Ethereum Casino

The undisputed king of the cryptocurrency industry is Bitcoin for the moment. This is an undeniable fact, maybe because it was the first and has been around for more than 10 years. But coming in a close second place is the Ethereum that has also been around for quite some time now. When it first emerged, ETH brought some major improvements to the table, most notably even faster speeds of transactions and the smart contract technology. From the get go, crypto casinos noticed the potential of Ethereum and that’s how the first ETH Casinos started to emerge. Since then Ethereum Casinos started going full throttle towards the progress of the gambling industry, bringing with themselves a ton of massive improvements that are truly revolutionizing the casino world.

The speed of Ethereum Casino

The first thing that everyone in the casino world notices is the incredible speed of the ETH Casinos. This is due to the fact that Ethereum uses smart contact technology that allows players to deal directly with the casino. This cuts down the time significantly and all processes are completed within a matter of minutes. For example, the classic online casinos take days to finalize the transactions, because they wait for 3-rd party organizations like banks. In case of Ethereum Casino, the deal happens directly, which translates into transfers that are made almost momentarily.

Security and Anonymity of Ethereum…

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Altcoins

3 Reasons Why WISE Token Could Be a Massive Winner in 2021

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WISE token

After working in proprietary trading for over a decade, I decided to transition to crypto in early 2017.  Although crypto is significantly different from traditional capital markets, I managed to successfully find a niche for successful and opportunistic trading.  While 2017 was the perfect time to get involved, the past few years have proven to be a bit more challenging as far as generating ROI.

Cryptocurrency traders have spent the past several years searching far and wide for the next big winner.  While the market as a whole hasn’t been very bull friendly, one specific area that appears to be gaining traction is decentralized finance, more commonly known as DeFi.  This area generally refers to the digital assets and financial smart contracts, protocols, and decentralized applications (DApps) built on Ethereum.  The reason why so many crypto entrepreneurs are flocking to this space is that it allows them to create traditional financial vehicles in a decentralized network, outside the meddlesome control of foreign governments.

One extremely popular DeFi project is Chainlink (LINK) which is a decentralized oracle network that provides real-world data to smart contracts on the blockchain.  Chainlink has seen its token price increase by more than 300% year-to-date.    Another impressive project in the space is Kyber Network (KNC) which has seen its token soar from $0.20 at the start of the year to more than $1.60 at present.  Kyber Network’s on-chain liquidity protocol allows decentralized tokens swaps to be…

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Altcoins

Lotto Nation is Revolutionizing the Traditional Lottery Industry

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Lotto Nation

As the global economy continues to deal with the economic fallout due to the ongoing pandemic, companies are coming to terms with the fact that normalcy may not return for quite a while.  Many economists are wondering how the business landscape will look a year or more from now.  It’s certainly possible that many businesses, such as retailers and restaurants, may be unable to survive the current downturn.  But while some businesses will falter, others will emerge stronger than ever.

Traditionally, when economies go through a severe downturn, companies adapt.  Those that maintain the status quo usually have great difficulty while those that adapt prosper and conquer.  One possible example of this is Lotto Nation.  Thanks to the entrepreneurial skills of Nils Thomson, the Founder and CEO of Lotto Nation, the company is attempting to completely modernize the traditional lottery industry.

Current Lottery Model is Severely Outdated

It’s safe to say that nearly every human that has ever walked the earth has fantasized about winning the massive jackpot that would completely change their life.  These dreams have turned the global lottery industry into a $302 billion market that is expected to reach $380 billion by 2025.  Despite this predicted growth, the industry suffers from a variety of problems that are preventing it from really exploding.

Perhaps the biggest problem is that traditional lotteries are centralized.  Because of this, there is essentially no oversight on what a lottery provider…

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