Altcoin Investing Picks: ETHEREUM
[FREE] Analysis: What is ETHEREUM?
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ALTCOIN INVESTING PICK: ETHEREUM
WHAT IS ETHEREUM
“Ethereum is a technology that's home to digital money, global payments, and applications. The community has built a booming digital economy, bold new ways for creators to earn online, and so much more. It's open to everyone, wherever you are in the world – all you need is the internet.” - source: ethereum.org
“Ethereum is a decentralized open-source blockchain system that features its own cryptocurrency, Ether. ETH works as a platform for numerous other cryptocurrencies, as well as for the execution of decentralized smart contracts.” - source: coinmarketcap
TEAM
*more about All the co-founders here.
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TOKENOMICS
“In September 2021, there were around 117.5 million ETH coins in circulation, 72 million of which were issued in the genesis block — the first ever block on the Ethereum blockchain. Of these 72 million, 60 million were allocated to the initial contributors to the 2014 crowd sale that funded the project, and 12 million were given to the development fund.
The remaining amount has been issued in the form of block rewards to the miners on the Ethereum network. The original reward in 2015 was 5 ETH per block, which later went down to 3 ETH in late 2017 and then to 2 ETH in early 2019. The average time it takes to mine an Ethereum block is around 13-15 seconds.
One of the major differences between Bitcoin and Ethereum’s economics is that the latter is not deflationary, i.e. its total supply is not limited. Ethereum’s developers justify this by not wanting to have a ‘fixed security budget’ for the network. Being able to adjust ETH’s issuance rate via consensus allows the network to maintain the minimum issuance needed for adequate security.” - source: coinmarketcap
Max Supply: unlimited supply, but 18 million ETH per year supply.
*as of November 4, 2021:
Total Supply: 118,206,605
All-Time High: $4,664.91 (Nov 3, 2021)
Circulating Supply: 118,206,605 ETH
Market Cap: $526,742,171,082.84
Market Launch: August 9, 2015 @ $0.70
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TECHNOLOGY
Ethereum is a technology that lets you send cryptocurrency to anyone for a small fee. It also powers applications (called dApps - decentralized Apps) that everyone can use and no one can take down.
Ethereum builds on Bitcoin's innovation, with some big differences. Both let you use digital money without payment providers or banks. But Ethereum is programmable, so you can also use it for lots of different digital assets – even Bitcoin!
This also means Ethereum is for more than payments. It's a marketplace of financial services, games and apps that can't steal your data or censor you.
Ethereum’s most innovative “product”, is called a smart contract: which is a program that runs on the Ethereum blockchain and is self executing once deployed. Basically, you create a contract with certain terms and conditions that you set, and then deploy it on the Ethereum Blockchain. Once deployed, people can interact with the contract automatically when conditions set on the contract are met.
Smart contracts are most commonly used to fund new crypto-projects. For example: a project wants to raise some funds - they can create a smart contract on the Ethereum network (ERC-20) where the conditions will be “if person A sends $20 to this contract address, the contract address will send person A X-amount of tokens of the project.”
This technology is what makes Ethereum scalable and sustainable long term.
*more about Ethereum Technology here.
WHERE TO BUY ETHERUM
Links:
OVERALL SCORE
*score is based upon transparency of the project, tokenomics, utility, and components of the website.
INVESTMENT STRATEGY SUGGESTION
*Note - You don’t need to buy 1 whole ETH. Start with just $10.
Invest what you are willing to lose.
Periodic investments of min. $10 over a timespan of min. 2 years.
ETH is a LONG HOLD.
Exit strategy:
a) Start with a small amount like $10
b) Once your investment has doubled ($20), cash out your initial investment of $10.
c) Over time, as you’re riding on full profit now, once your $10 profit has doubled (to $20), cash out half of the profits ($10) and store it in USDC or savings.
Track your investments with our Altcoin Investing Journal or download our free excel sheet.
COMMENTARY [ADDITIONAL SEGMENT]
Ethereum is one of the most “secure” crypto-investments for the long term, if there is such a thing as a “secure crypto-investment”.
There is a large community behind Ethereum who are in the fore-front of the crypto revolution.
The innovative technology in which Ethereum has brought to the crypto-world has paved the way for businesses to raise funds, dreamers to have a community and financial backing behind their projects, and for contracts to be self-executing.
Smart contracts is now one of the backbones of cryptocurrency and many crypto-projects rely on the Ethereum Blockchain, which is one of the reasons we see the market cap and price of ETH steadily increasing over time.
There is Bitcoin, which started the crypto-revolution. Then there is Ethereum, which paved a way for other cryptocurrencies known as Alternative Coins (aka Altcoins).
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