Member-only story
Are Ethereum (ETH) and Bitcoin (BTC) a good investment in December 2022 ?
Ethereum (ETH)
Ethereum (ETH-USD) is a cryptocurrency that has made its mark in the blockchain industry and is the most widely used real-world utility since it powers numerous profitable apps. It has lately made great strides with the implementation of “The Merge,” a proof-of-stake method.
By improving its speed, security, and scalability, ETH’s deployment of the new consensus protocol has propelled it to the forefront of the industry. Once the integration with the three forthcoming updates is complete, the system may be able to process around one million transactions per second.
Vitalik Buterin noted in July that this is more of the midpoint for the platform. While he acknowledged Ethereum’s progress toward scalability and cost-effectiveness, he said more work was needed before it could truly thrive and expand its market share. As a result, given the numerous drivers in play and the widespread practicality of ETH, its price should skyrocket.
Bitcoin (BTC)
After its introduction to the market more than a decade ago, Bitcoin (BTC-USD) has become the most widely accepted digital currency worldwide. Bitcoin’s meteoric rise as a means of investment is astounding, with a growing number of large financial…
