The world of cryptocurrency is getting bigger and bigger every day. It’s no longer just Bitcoin, it’s now Bitcoin, Litecoin, Ethereum, Dogecoin, Monero and many more. The market is still growing and there is plenty of room for new cryptocurrencies to enter.

What is Ethereum?

Ethereum is an open source platform that allows anyone to build decentralized applications. This is done by using smart contracts. A smart contract is basically a program written in code that will be executed once certain conditions are met. The application will then be able to transfer funds between users, create a decentralized exchange and many other things.

The main reason why Ethereum is gaining popularity is because of its ability to create decentralized applications. These applications do not need to go through any central authority to be developed and run. They are also very easy to use and understand. The only thing you need to know is how to write code in a programming language like C++, Java or Python.

The price of Ethereum has been increasing exponentially since the beginning of 2017. At the end of December, it was trading at around $500 per coin. In January, it reached $2,000. Today, it’s currently trading at around $4,000 per coin.

Bitcoin vs Ethereum

There are many people who believe that Bitcoin is the king of cryptocurrencies and that Ethereum is just a scam. There are many reasons as to why this might be true.

Bitcoin is the first cryptocurrency that was created. It is also the most popular one. It has been around for almost ten years now and is the largest cryptocurrency in terms of market cap.

Ethereum, on the other hand, was created just two years ago. It is also the second largest cryptocurrency. The reason it’s growing so fast is because it allows developers to create their own decentralized applications.

However, the main reason why Bitcoin is still the king of cryptocurrencies is because it has a lot more advantages than Ethereum.

For example, Bitcoin is faster and easier to mine. It also has a much higher security level than Ethereum. Bitcoin is also considered the gold standard of cryptocurrencies.

Why Is Ethereum Dropping?

The main reason why the price of Ethereum is going down is because of the fact that it is overvalued. This is due to the fact that there are not many real-world applications built on top of it.

It’s also due to the fact that it’s still a relatively new technology. The technology behind Ethereum is actually older than Bitcoin. However, it took Bitcoin about four years to reach a price of $10,000. Ethereum, on the other hand, is only two years old.

In addition, the market is also being flooded with new coins. There are already hundreds of different cryptocurrencies out there and this is making it hard for investors to find the ones they want to buy.

How Much Is Ethereum Worth?

The price of Ethereum can change very quickly. For example, it was trading at $1,000 in January and now it’s trading at $4,000.

If you look at the chart below, you’ll notice that the price of Ethereum has been increasing since the beginning of 2017. The price of Ethereum is expected to continue to increase throughout the year.

The price of Ether is expected to reach $20,000 per coin by the end of 2020. That would make it the second largest cryptocurrency after Bitcoin.