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Ethereum has proven to be a big winner in this cryptocurrency market, it has not only offered better returns than Bitcoin but has also managed to gain investoru2019s attention by continuously upgrading their blockchain. Ethereum is a multi-purpose currency and that already makes it superior to Bitcoin which is only used for digital transactions.
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What should investors do with Ethereum in the current market?
Ethereum has proven to be a big winner in this cryptocurrency market, it has not only offered better returns than Bitcoin but has also managed to gain investor’s attention by continuously upgrading their blockchain. Ethereum is a multi-purpose currency and that already makes it superior to Bitcoin which is only used for digital transactions. This article will help you understand the short term prospect of Ethereum and what should traders or investors now do with the current price of Ethereum. If you are a new investor then we would also be helping you with questions like “How to buy Ethereum in Canada? ”
Current situation of EthereumCurrently Ethereum stands at a price of $2,800 and has given returns of around 20% over the last one week. This gain has mainly be associated with the new upgrade announced by Ethereum to enhance it’s blockchain and provide a seamless experience to its users. Investors felt that it would be a good time to buy Ethereum for the short term considering the news on the upgrade and anyone who managed to make investments over the last week has witnessed handsome short term gains.
What should investors do now?Given we have already witnessed gains of 20% over the last one week it is anything but natural for investors to be skeptical of making any new entries. However, analysts and pundits of the cryptocurrency market are very bullish on Ethereum and believe that Ethereum can touch $3,000 in the short term(Around 7% more gains from current levels). Given the fundamentals that the currency possesses and the future prospects, one must not hesitate to make an investment at the current levels. We believe that any long term investor can take a position at these levels for stellar gains.
How do I get started? What are some non-volatile options in the cryptocurrency market? • Cryptocurrency and volatility go hand in hand. We have witnessed severe market crashes which have evaporated the common man’s hard-earned money and at the same time we have seen major bull runs which have changed several fortunes. If you are an investor who wants the best of cryptocurrency but at the same time wants to avoid the volatility then you can invest in stable coins. Stable coins are cryptocurrencies which are pegged to a real world Fiat currency (US Dollar, Canadian Dollar, Australian Dollar and many more). The value of these currencies fluctuates with the change in the price of the asset it is pegged to and is completely independent from the volatility of the cryptocurrency market.
If you are looking to invest in stable coins then Tether is one of the best available out there. If you are wondering where to buy Tether in Canada then all you need to do is visit the Netcoins website and follow these instructions. Firstly, you visit the website and create an account. Secondly, you need to fill out the required details and lastly you need to transfer money into your wallet and begin trading.SOURCE CREDIT: https://medium.com/@netcoinscanada/what-should-investors-do-with-ethereum-in-the-current-market-511d1251c253
