RATE Group | Ethereum Is Now the Best Deal in the Crypto World
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Ethereum Is Now the Best Deal in the Crypto World

12 Sep Ethereum Is Now the Best Deal in the Crypto World

Posted at 17:46h in Ethereum News by

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For those unfamiliar with ethereum, it’s a cryptocurrency platform that can be used to do a number of things. But over the past year, it’s been used to create hundreds of other cryptocurrencies.

You may have heard them referred to as “altcoins.” And the term for them launching their new cryptocurrency is “ICO,” or initial coin offering.

When they do this, they sell their coins on the open market and get ethereum in return. As a result, a lot of the world’s ethereum was held by the creators of these altcoins, making it scarce and driving the price up.

But during the mania of last fall/winter, many new coins were exposed as frauds. Since then, regulation has picked up, but there’s still a level of fear that has scared a lot of investors out of ethereum.

Millions of ethereum have been dumped into the marketplace. So if you’re looking for a deal in the crypto world, ethereum is hard to pass up.

The one-year return of ethereum is now negative. That’s never happened before. Not even back in December 2016, when it was trading at a 10-month low of $6.94. Even at that point, it was up almost 700% from a…

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