Speaking about the best crypto to buy, mostly, it will end up to two cryptocurrencies. They are Bitcoin and Ethereum. As two of the biggest cryptocurrencies, it is not surprising if they will become your best choice to invest in cryptocurrency. Moreover, they are also the best choice for you who are just trying to start this investment. Here is the important question. Which one is the best cryptocurrency to choose for investment?
The Purpose of Creation
First of all, let’s take a look at why Bitcoin and Ethereum were created. Bitcoin was created to replace the traditional currency. Utilizing Blockchain technology, Bitcoin was made to decentralize the currency and financial system. It allows its users to have more freedom, safety, as well as privacy to trade the currency.
Ethereum, on the other hand, was created as the platform for cryptocurrency exchange. It has a mission to create a huge computer that connects everything in the world. People can use this computer for many different purposes, not only for cryptocurrency trading but also for other activities. And, its user can make a profit from trading and other activities that use this platform.
The Value of Cryptocurrency
Bitcoin and Ethereum have experienced value fluctuation since years ago. Now, to decide which one is the best cryptocurrency to invest in, this is an essential thing that you need to consider. Bitcoin has a higher value on the market compared to Ethereum. In January 2021, it recorded one of the highest values for cryptocurrency at $40,000.
On the other hand, Ethereum is stable at above $1,000 over years. It seems lower than Bitcoin, but you need to understand that Bitcoin has a bubble period that decreases its value significantly to just $3,000.
Which One Should You Choose?
At this point, we can’t point out which one is the best between Bitcoin and Ethereum. However, if you see it from the perspective of the investment purpose, you can easily choose between those two. Bitcoin is a perfect choice for those who want to focus on currency trading. It helps you to apply all kinds of trading strategies to maximize your profit.
Ethereum is the perfect choice for you who want to try to be involved in the development of Blockchain technology and decentralization financial systems in the future. From that perspective, you can easily choose which the best crypto to buy is. Or, you can use both of them and get one of the most challenging investments but promise a good profit.