FOUNDATION POWER TO MANY CRYPTO PROJECTS
Ethereum is the second largest cryptocurrency in the world by total market cap only followed by Bitcoin. While Bitcoin may be better known or have a larger market share, many people have argued that Ethereum still takes the prize for popularity and also arguably might even get a higher return over time. My favorite to all of this is that bitcoin always going to be like gold and a store of value, it is going to be the old school tech but Ethereum was seen as a new kid on the block where it's almost seen like silver where we see it in used more commonly in everyday items or even compare Ethereum to be more like Electricity where you have a use case to it.
Since Ethereum is the foundation power to so many crypto projects and for most NFTs as well, some people could justify that Ethereum is much more popular than Bitcoin, especially considering that they were over 338% more Ethereum transactions over Bitcoin for the year 2022. Now it is also last year when Ethereum transactions amounted to 408 million while Bitcoin only reached 93.1 million. The use case and the fundamentals of Ethereum have consistently been evolving. For example, Ethereum underwent it long-awaited merger even that transitioned it from a proof of work consensus to a proof of stake model.
Ethereum is on track diminishing, its carbon footprint on the world making it 99.9 energy efficient which is one of the key argument people have again crypto. It is also in the process of lowering gas fees and also in the process of getting faster and more efficient at processing transactions. With these new upgrades comes new earning potential for Ethereum owns as the new version promise passive income under a system that priority its stakers over miners. Ethereum also maintains its position as one of the top altcoins due to its unmatched utility of the network. It should also be mentioned that there is a collection of prominent tokens out there that are also categorized as Ethereum killers because they aim to do everything Ethereum does but better.
It's still debatable whether or not some of these projects do come close to what Ethereum provides, you have realized that the keyword here is the aim. These projects are aiming to contend against Ethereum which automatically this Ethereum at a high standard top dog contender where other projects are trying to consistently match what they have done. There currently sit at the price of around $2000 and made an all-time high of $4,867 before. That means right now, you are going to be getting a around 60% discount from the previous all-time highs and if it does end up going to those levels, you will be seeing returns of over 200%.