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Positivity Grows as Reasons to Buy Ethereum Spreads Confidence

By Harry B - Crypto Specialist - 09/04/2021

DeFi (Decentralised Finance) is revolutionising digital payments and most projects supported on the Ethereum (ETH) network. Institutional attention, Ethereum (ETH) futures and ETH 2.0 are just some of the additional factors for many to be optimistic and excited about the future of the blockchain and cryptoasset industry.

Since its release in 2015, Ethereum, the second-largest distributed blockchain network has made significant progress. It’s price per unit is now moving at its new all-time high, prompting many to question and address its scalability capacity during periods of such high demand and activity for buying crypto.  

Meanwhile, Ethereum continues to see massive daily cryptocurrency trading volumes. The network’s native cryptocurrency saw $25 billion in daily transactions; five times the value of Binance Coin (BNB), the third most valuable cryptocurrency by market capitalization.

DeFi will account for a large portion of the amount. Despite the extremely high gas fees on Ethereum, most projects continue to develop using its ecosystem and ERC-20 token standard. The future is brightening however, with the success of layer two solutions being implemented to initiate its progress in flexibility and scalability.

More government and corporate interest in general is also having an effect. According to a Deloitte study on blockchain developments, blockchain is a top-five strategic goal for businesses. For its well established decentralised and open-source nature, interest in the Ethereum platform is an increasing trend for many, with companies seeking innovative methods for protection against future inflation.

A highly active Bitcoin (BTC) futures trading market has sparked corporate interest to Buy and sell Ethereum. With the introduction of the CME Ether futures contract, institutional investors now have available a regulated means to participate and access the cryptocurrency markets.

Major hedge funds can enter the Ether markets to hedge their exposure from spot market transactions. The demand to buy Ethereum will almost certainly rise as conventional cryptocurrency trading tools become more commonly available for Ethereum.

If you’re looking to Buy and Sell Ethereum, you can head over to BC Bitcoin to register an account and start investing today.


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