According to crypto expert RJ Fulton, a closer look at the cryptocurrency market proves that there are only two real candidates to lead the recovery. The expert says that Bitcoin has been shining for more than 14 years and will remain at its peak in the coming years. Also, according to the expert, Ethereum has a solid grasp on DeFi and no competitor has the power to change that.
There are two cryptocurrencies to buy today!
cryptocoin.com After a great January and February, the crypto market has pulled back since the beginning of March. Despite the recent drop, crypto’s aggregate market cap is still up nearly 20% in 2023, and optimists are hopeful that a strong start to the year will end the brutal bear market that has gripped crypto since late 2021. It’s unclear exactly when this bear market will end, but eventually this crypto winter will likely unravel just like in the past. In preparation for a potential crypto spring, there are two cryptocurrencies to buy today.
What these two may lack in originality is compensated for by their track record of innovation, a history of eroding multiple bear markets, and their ability to continue to disrupt the status quo. For this and many other reasons, Bitcoin (BTC) and Ethereum (ETH) are considered best-in-class assets.
Original cryptocurrency: Bitcoin (BTC)
One of the main reasons why it is the most valuable cryptocurrency for Bitcoin is that it was the first to date back to 2009. While this advantage has waned in recent years as other cryptocurrencies compete for market share, Bitcoin has remained flat. on top for its natural properties that make it an attractive long-term investment. It has delivered more than 140% returns in the last five years and a 44,300% return in ten years.
For many, Bitcoin is seen as an asset that protects wealth. This feature, built into Bitcoin’s code, ensures that it will be found less and less because only 21 million BTC will go into circulation. Additionally, the rate of new cryptocurrency creation is declining. There are about 19.25 million v coins in circulation today, and the remaining 1.75 million will gradually go into supply until the year 2140, when the last BTC is mined.
Besides being completely decentralized and highly secure, Bitcoin does something that fiat currencies cannot. That is, it maintains its purchasing power. Unlike the US dollar, British pound, Japanese yen and many other currencies, Bitcoin’s supply rate is growing extremely slowly. Central banks controlling fiat currencies can inflate the supply in hopes of achieving a set of goals. Whether central banks can achieve these targets is a subject for another day, but inevitably a decrease in purchasing power occurs in this process. Bitcoin aims to solve this by offering holders a way to increase their purchasing power over time as supply growth declines and demand increases.
A groundbreaking breakthrough: Ethereum (ETH)
While Bitcoin is seen by many as a store of value, Ethereum derives its value from a seemingly endless number of use cases. When Ethereum emerged in 2015, it completely changed the crypto economy. With the advent of Ethereum, developers can now use computer code to make certain actions happen when certain criteria are met. Known as a smart contract, this code turned Ethereum into programmable internet money that did not require any person or entity to oversee transactions.
This innovation laid the foundation for decentralized finance (DeFi), an entirely new and lucrative industry. With these flashy new smart contracts, developers can optimize existing traditional financial processes such as lending as there is no need for a bank. Terms such as the value of the loan, the interest rate and the duration are all written into the smart contract. Apart from finance, smart contracts even have the potential to revolutionize industries such as real estate, supply chain management and healthcare. As a result of this long-term potential, Ethereum has delivered generous returns to investors. Despite being newer than Bitcoin, Ethereum has actually outperformed the original cryptocurrency over the past five years, gaining more than 180%.
These two are all you need!
While Bitcoin and Ethereum differ in the way they are used, both serve a unique purpose. As a result, they make up the majority of the value of the cryptocurrency asset class. That’s roughly 60%, of which Bitcoin 41% and Ethereum 19%. Because Bitcoin and Ethereum are huge, so is the rest of the market. As such, they offer investors the simplest and most effective way to prepare for the crypto’s recovery. Instead of trying to find an obscure, unproven cryptocurrency, keep it simple. Investing in Bitcoin and Ethereum has treated investors well in the past years and likely will in the years to come.
The opinions and recommendations in the article belong to the experts and are definitely not investment advice.
