London, UK, 3rd Jan 2022, ZEXPRWIRE, Ethereum’s price has been ranging recently, but it looks like things might be headed back up again. After falling below $3K Monday morning and staying there for most part of Tuesday’s trading session before recovering slightly to land just under 4k USD per coin.
FinancialCentre broker Andy Tutcher says With economic uncertainty high, the price volatility and slumping markets are not surprising. The U.S.’s new concerns over an unknown virus has caused many people in America to be on edge as they navigate their way through this turmoil with Jerome Powell at chairmanship of Federal Reserve Bank who recently spoke out against cryptocurrency regulation; Gary Gensler also chimed into these statements about how he believes digital assets need more government oversight until things stabilizes again–and if you’re wondering what will happen next then look no further than our very own Bitcoin price! predictions 2020.
Bitcoin Magazine’s price analysis points to the idea that Ethereum could break out of this range and hit new highs in the near future.
Experts’ advice for investors remains the same: don’t get caught up in short-term price fluctuations. Ethereum and Bitcoin have also seen a dip this month after their strong November, with both setting new all time highs last week when they reached over $6800 on Nov 10th respectively; but there’s no reason to worry yet because it may just be some volatility before things pick back up again!
Bitcoin: Bitcoin is a form of decentralized digital currency which can be used in place of traditional fiat currencies. It was created as an alternative to regular money, with its main purpose being the transfer and storage (or “custody”) off financial assets like stocks or bonds without requiring intermediaries such as banks; however, Bitcoin has always been volatile due-to market fluctuations not related too government policies regarding monetary policymaking – making it difficult for BTC usage beyond speculation at this time!
Ethereum: Ethereum is a blockchain-based decentralized platform with smart contract functionality. It provides a digital currency token called “ether”, which can be transferred between accounts and used to compensate participant mining nodes for computations performed. Ethereum was initially described in a white paper by Vitalik Buterin, a programmer involved with Bitcoin Magazine, in late 2013 with a goal of building decentralized applications; however, ETH has not been immune from volatility either as it too saw steep price fluctuations due-to market forces!
Ether is the cryptocurrency of choice for many in this day and age, but why? The answer might surprise you.
The reason people choose to use Ether over other coins or tokens has less do with its value at time being -which has varied significantly since 2013- than it does who created them! That’d be Bitcoin’s Developers; they are sure there’ll come a day when their crypto token becomes worth more than $40k per coin. For all intents sake though…it currently sits around 3k USD/ETH per coin.
Ethereum is also not immune to price volatility, but it has had less drastic ups and downs over the past few years even with its surges lately; the reason for this is because of who created them! Ethereum is run by one of the most well respected crypto-entrepreneurs (who is sometimes referred to as “the next Mark Zuckerberg”) Vitalik Buterin. He’s known as “the face” of etherum. This young man -who was around 20 years old during his introduction of this token back in 2013- made headlines again when he spoke at a conference just last week about how Etherum can save us from another great depression due to lack of regulation on “financial markets”, etc… I’m sure you can see why this gives people a bit more confidence in Ethereum than some of the other cryptos out there.
Who knows what will happen next in the world of cryptocurrency, but for now it looks like Ethereum is here to stay!
XRP: A digital payment network that’s faster and more efficient than any other? Sounds too good to be true, but it isn’t. Ripple is a cryptocurrency built on the XRP token for powering global transactions – think about how much time you spend waiting in line or queuing up at checkout counters all day long! And with third party developers building their own use cases around this new technology: from healthcare funding solutions straight through financial markets ecosystems like margin lending are now possible using just one currency instead of multiple ones (like USD/GBP).
The technology behind Ripple is something called “XRP ledger” which can settle transactions through banks…in less than 4 seconds! Compare that to the 3 days it takes with most major currencies -no wonder people are starting to turn their heads in this crypto’s direction. And if you think about most major currencies, everyone is using them- so why not create a universal currency for everything?
That’s what they’re aiming at here; creating an ‘internet of value’ where anything of value (not just money) can be traded/ sent/ received all on one platform. For now, though, keep your eyes on XRP because once our economy starts picking back up again, I guarantee Ripple will too!
Disclaimer: Our content is intended to be used for informational purposes only. It is very important to do your own research before making any investment based on your own personal circumstances. You should take independent financial advice from a professional in connection with, or independently research and verify, any information that you find on this article and wish to rely upon, whether for the purpose of making an investment decision or otherwise.