Ethereum is the world’s second-largest digital currency by market capitalization. It has sprung great speculation about whether it’s a worthy addition to an investment portfolio and take over Bitcoin, which is currently the king of the industry.

Ethereum was developed with a focus on decentralized finance, which facilitated its ascension to becoming the leader of the decentralized application sector. Besides bringing innovative tech solutions into the sector, <a href="https://www.binance.com/en/price/ethereum" target="_blank" rel="noopener">Ethereum</a> is also more affordable than its direct competitor, Bitcoin, and investors often look towards it when deciding to enter the crypto industry.

Crypto experts believe Ethereum will become a trillion-dollar digital asset when the market enters the bull phase because it has a growing DeFi and dApp ecosystem. While the chances to overtake Bitcoin are small, Ethereum is one of the most profitable assets to purchase. This article gives you a clear image of why it’s worth buying Ethereum in 2023.
<h2>Why should investors consider buying Ethereum?</h2>
As mentioned earlier, Ethereum is the second-largest <a href="https://www.cryptoknowmics.com/glossary#blockchain" target="_blank" rel="noopener">blockchain</a> in the sector, and most experts believe it’s a good investment compared to other altcoins. Despite its price swings, Ethereum’s value stayed high, and predictions show that it’ll grow in the long run.

A significant factor that influenced its value over the last few months has been its second iteration. Ethereum 2.0 is more energy efficient and relies on a staking algorithm rather than a mining one. Proof of stake requires holders to validate transactions actively and hold their funds in their wallets to promote network security.

Ethereum makes great use of blockchain technology (enables commodities trading, loan distribution, online payments, etc). It’s also one of the oldest and largest digital currencies, so the chances to give investors high returns are significant.

However, it’s essential to note that the market dynamics are ever-changing, and Ethereum has different utility cases than in 2015 or 2017.
<h3>Ethereum can be used in the real world</h3>
It doesn’t surprise anyone that most digital currencies lack real usage and are solely used for speculative trading. However, Ethereum, as the largest altcoin by market cap, has a high utility in the real world. Its use cases vary from non-fungible tokens to decentralized finance. Statistics show that the best DeFi digital currencies are based on the Ethereum blockchain, similar to the top non-fungible tokens (Axie Infinity, Decentraland, and ApeCoin).

Investors have multiple advantages when purchasing a cryptocurrency with real-world use cases. They get a return on investment because the demand is high for digital currencies that can be used for other purposes besides trading. They also have a sense of stability because cryptocurrencies that serve diverse purposes tend to maintain their values in the long term.
<h3>Ethereum is an environmental-friendly digital currency</h3>
Investors from all domains are concerned about environmental issues because they’re aware that their activities impact the issue. The planet is heating up, and everyone should strive to leave behind a livable place that the next generations find comfortable and welcoming.

Therefore, digital currencies with a low environmental footprint are more attractive among institutional investors. Ethereum joined the list of eco-friendly digital assets in September 2022 when it switched from the Proof-of-work to the Proof-of-stake algorithm. Once the transition was complete, the network cut down its carbon footprint to a percentage of what it had been before.

The network no longer relies on mining, which is energy intense, but on staking, which is greener. The change in algorithm brought a spike in the demand for Ethereum because environmentally responsible investors found it more attractive.
<h3>Censorship doesn’t affect Ethereum</h3>
The Internet has been dealing with numerous censorship-related problems over the last period, and people are constantly looking for ways to prevent the authorities or other organizations from influencing their activities or discourse. Unfortunately, large organizations have great power worldwide and can control what is said or promoted on their platforms.

Ethereum and other blockchain-based networks are also regarded as solutions to the censorship problem because they have no central control point. No user or group of users can shut down Ethereum or the blockchain, so the data stored on their services cannot be altered or stopped.

Due to the fact that Ethereum isn’t subjected to censorship, the dApps sector will continue to grow. The development of decentralized applications requires Ether tokens, so the demand for Ethereum will remain high, which will positively impact its price.
<h3>Ethereum is innovative technology that could redefine the Web</h3>
The Internet is one of the greatest things people have ever had access to, and it continues to evolve and change. At present, billions of users are connected to the Internet, and some of the most successful organizations worldwide owe their fame to the Internet.

Ethereum could become a world computer, bringing further innovation for the Internet and changing the world as we know it today. Ethereum has registered a growing popularity since its launch because it’s one of the most effective platforms for decentralized applications.

Ethereum’s use cases continue to expand as the network evolves, and it functions as a launchpad for projects with diverse aims. Ethereum can digitize assets and integrate them into a decentralized environment.
<h3>Decentralization has become a valuable asset</h3>
Suppose you still wonder if Ethereum is a good investment; let us add that it’s one of the most decentralized crypto projects available. According to research, it’s at par with Bitcoin.

Decentralization is a vital feature of a cryptocurrency because it impacts its performance and evolution on the market. The crypto market is highly unregulated. Hence, no authority or entity can control assets’ evolution.

Ethereum is the ideal digital asset to add to an investment portfolio if you’re looking for a cryptocurrency that provides a mix of gains and safety.
<h3>Is it worth to buy Ethereum?</h3>
Up to this point, Ethereum has been a profitable asset to have in your portfolio, especially during bull markets. However, the secret to maximizing your profit is to get Ethereum through a regulated broker or exchange and trade according to a well-established strategy.

Does Ethereum Offer Profitable Investment Opportunities?

Ethereum is a worthy addition to an investment portfolio and take over Bitcoin, which is currently the king of the industry. 

Sujit received his Bachelors in Science from the LNMU Darbhanga. He is currently working as a Content Strategist. He has more than three years of professional experience in information systems, security policies, technologies, and Cryptocurrency. He has published 6 books in the area of information security and assurance. He has published more
than 50 research articles in leading journals Regarding the Latest and Breaking Crypto News and updates. His research interests include access control, computer forensics, Digital Marketing, Web development, business hacks, player experience, and virtual storytelling.

Does Ethereum Offer Profitable Investment Opportunities?

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