Ever since bitcoin has come to the forefront, a large number of people have been wondering if it will always reign supreme. So far, it seems like bitcoin has the edge over other crypto options. There are plenty of reasons behind this. However, one of the most common reasons is that bitcoin is incredibly profitable and relatively steady compared to loads of other crypto options. Like most crypto options available these days, bitcoin also has periods where it is not as profitable. On the whole, however, this crypto option is as good as it gets.
That said, several crypto options showed up after the bitcoin boom period was over. Initially, people were quite reluctant to invest in it because they did not know what they were getting into. Digital currencies have a history of not being profitable during certain periods. What makes matters worse is the fact that there have been several incidents where people were defrauded or hacked. Because of this, they ended up losing a great deal of money in the process. As some time passed, however, some people decided to try the newer crypto options and they were pleasantly surprised.
In most cases, the investors were quite satisfied with the returns they received by investing in the newer crypto coins. One of these coins happened to be none other than Ethereum. For those who don’t know, the Ethereum coin entered the crypto playing field soon after the bitcoin boom period ended. As mentioned earlier, people were hesitant when investing in it, but they got excellent returns once they did. What makes ethereum such a great crypto investment option is that its volatility is quite low and its stability is on the higher side. Some people believe that it is the only coin that can challenge bitcoin.
As a matter of fact, there have been a large number of people who believe that ethereum could give bitcoin a fair challenge. What’s more, there have been several instances where this crypto option has come quite close to toppling bitcoin over. However, it was not able to do so because bitcoin always comes back with a massive increase in prices. That said, a large number of people still remain hopeful that the days of bitcoin’s supremacy at the top of the crypto chain could end sooner rather than later.
Investments in ethereum have increased significantly during the last two or three years and experts believe that they could multiply soon. However, it may take time for ethereum to take over bitcoin because of the recent surge in bitcoin prices. Needless to say, this competition benefits everybody in the crypto world and offers them a diverse range of options.