Bro looks at Ethereum

Introduction

I thought I would start doing a series of posts looking at different altcoins we are involved with. This is obviously not financial advice and I would be interested in your thoughts in the comments.

Today we are looking at Ethereum

I know. I was just saying in my last post how Ethereum’s high transaction fees are a killer and absolutely not conducive to building games. That’s not to say that it isn’t being worked upon, and that’s also not to say that there aren’t many hundreds of thousands of people very eager to buy as much Ethereum as they can, because they are.

Ethereum launched in 2015 and was dubbed the Bitcoin killer. Interestingly enough there are just as many people that think Ethereum is the only “one, true” crypto as there are people that think Bitcoin is the “one, true” crypto. There was hype a couple of years ago that Ethereum was going to pass Bitcoin in price, and at one stage the price was fairly close.

The only reason that Ethereum has high transaction fees is because of the current price. When Ethereum was in single and double digits then their fees were not much at all. Pennies if I remember correctly. One transaction was always under $1 if Ethereum stayed under $100 or had not quite reached that stage yet.

Right now, though, it is definitely one to buy and keep an eye on because come one or two years’ time I think we will see some serious price action. Perhaps we might see more than 100% again. It’s quite difficult to tell when crypto’s get into the valuation of thousands, the climb starts to become harder.

I have been saying for a long time that the Hive blockchain's main competitor is Ethereum, mostly because of how easy it is to create a new token on hive, and similarly Ethereum. That being said the world has moved on since the last time I said it and most EVM compatible chains can create tokens at the drop of a hat. Binance Smart Chain has a one click installer for new tokens for example.

On the other side Hive has a fully functional text layer that allows for seamless community building that absolutely no other chain right now has. The beauty of hive is that you can network and share information with people, groups and businesses at a faster and easier-to-reach pace. It's pretty neat.

But with that all being said we can't all ignore the price differentials and also the amount of users each chain has. Hive only has a couple of thousand active users, whereas Ethereum has millions. Hopefully hive will get there one day. Userbase and Price. But for now we will continue to buy Ethereum and enjoy good price appreciation over time.

Source https://brofi.io/news/bro/top-5-altcoins-to-invest-in

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