The trend of investing in cryptocurrencies has led to the appearance of more options for those who wish to venture into a market whose main feature is that there is no stability in terms of its value, since its estimation or depreciation is the result of the demand itself.
However, two cryptocurrencies have established themselves as the most popular to date: bitcoin and ethereum.
The investment dilemma
In both cases, the dilemma for investors lies in finding out which one is better than the other.
It is worth noting that Bitcoin is the most popular cryptocurrency among investors today, while ethereum is a globally accessible computing platform whose impetus lies in a native cryptocurrency called ether, which is valued as the second most popular cryptocurrency in the world of cryptocurrencies.
Both cryptocurrencies are decentralized, as they are neither issued nor regulated by a central bank or other authority, hence their own buying and selling rules are subject to constant movements in the value they acquire.
Between two paths
“While bitcoin continues to maintain its position as the legacy payment asset in the blockchain world; ethereum has advanced its reach as a fuel for decentralized finance in the growing blockchain world,” Egor Volotkovich, EVODeFi’s managing director of cross-chain solutions, recently noted.
One of the great advantages of bitcoin is that it is a more attractive cryptocurrency for investors because it offers a certain security infrastructure, since its blockchain was designed to be complex to crack.
With respect to Ethereum, its applications make it an option that can open the door to being hacked from different sides.
Aware of these particularities, it is the investors and their interests that define their choice when carrying out their operations.