Ethereum is an open source, public, and decentralised global computing platform that features smart contract functionality and allows for the creation of decentralised applications commonly known as DApps. Ethereum is founded on the interactions between traditional centralised money system and the revolutionary decentralised blockchain technology to create a system that is truly secure, trustless and free from any control from governments or third parties.
First introduced in 2013 by the prodigious Vitalik Buterin and released in 2015, Ethereum has grown from its nascent stages to become a foundation to develop and deploy decentralised applications that run on the Ethereum network as programmed without any possibility of censorship, downtime, and fraud or third-party interference.
To do this, programmers rely on smart contracts – pieces of code that run on the blockchain – to script a wide range of DApps such as digital collectables, virtual real estate assets, robust insurance contracts, games, financial products, and online voting systems among others.
Ideally, Ethereum has done what Bitcoin could not do – taking the blockchain away from financial limitedness and expanded its scope manifold so that it could be useful to other industries besides the crypto industry. Ethereum architecture has two aspects – the Ethereum blockchain and the cryptocurrency known as ether.
The Ethereum blockchain is really the backbone behind the network that allows the sharing of information across the globe in a way that cannot be manipulated or changed. It enables developers to create whatever applications they want, and anyone within the Ethereum network can access these products, applications, and services without the risk of third party interference and censorship.
The Native Ethereum cryptocurrency is known as “ether” but commonly referred by it’s the platform’s name – Ethereum (ETH). Ethereum is ideally a utility token that allows users to pay for services offered by the project. Its value is hugely pegged to the entire Ethereum project and its software framework.
Ethereum (Ether or ETH) is the digital coin of the Ethereum platform and is becoming one of the most preferred and most profitable technology to invest in. Since its inception in 2015, Ethereum has grown in reaps, allowing investors to rake in returns through Ethereum trading. It is the second most popular and financially stable cryptocurrency after Bitcoin, perhaps due to its heightened possibilities of real-life applications.
Ethereum trading typically refers to either buying and selling of actual cryptocurrency (also known as Buy and hold) or buying and selling assets against the prevailing market value of the ether token. If you buy Ethereum, you’re investing your money into a unique, transformational platform that is slowly changing how we transact online. However, this is a more cumbersome and time consuming process that requires the investors to physically buy Ethereum, hold the coins in a virtual wallet for some time until their market price has significantly risen and then sell them off. This is considered a long-term investment and requires a significant amount of money to make any meaningful gains.
On the other hand, you can actively trade Ethereum by reacting quickly to price changes of ether for their real world value in currency without physically purchasing it. Ethereum trading relies on short term price volatility and is considered a safer trading option since you don’t have to buy Ethereum, neither do you have to maintain a virtual wallet. Ethereum trading happens within shorter time frames; hence is a more short-term investment.
To start Ethereum trading, you will need to:
Here are a few reasons why XTRgate is a great trading platform for both beginner and experienced traders:
At XTRgate, we have a highly-informative trading academy that is curated to suit the needs for both beginner and professional traders. If you’re a beginner, you’ll find our free beginner courses really helpful as you continue horning your experience. Our in-depth courses, eBooks, weekly market reviews and asset index are specially prepared to give you the much-needed knowledge that will help you rake in top dollar in Ethereum trading.
We understand how challenging it can be to trade cryptocurrencies. We have therefore developed our system in a way that is easy-to-use so that you can have superior trading experience. Our system is versatile enough to be accessed through both mobile and desktop devices and have a wide range of 32 robust trading pairs.
You can trade with Fiat currencies such as USD, Euro and Australians dollar, making it super easy to crossover between Fiat currencies and crypto seamlessly. You can also quickly shift between crypto pairs without the need to exchange for fiat currency. This, ultimately, makes the whole trading experience cheaper, smoother and more convenient.
Some of the other features that make our system to stand out include highly informative reports, instrument popularity feature, automatic price alerts, stop loss feature, margin trading and one-click trading that allows you to make quick and informed trading decisions.
Besides our wide variety of pairings, we also give our users early access to highly-demanded ICO projects that can enable you to buy into a project early enough at discounted token prices. This can help you make significant profits in the long run.
The XTRgate platform is designed to allow both novice and experienced traders to trade without taking unnecessary risks. We, therefore, have different account types that have distinct features and which require a different minimum and maximum cash deposits. You can either choose to sign up for a Basic, Bronze, Silver, Gold, Platinum or a Black account depending on your needs.
Whenever you have an issue and would like some help, we have a highly experienced support team working around the clock to help you whenever you’re stuck.
Our system has some of the best, industry-standard security protocols to make sure that user information and trades are protected from hackers and spammers.
Since the Ethereum’s inception, it has continuously grown to become one of the largest contract platforms of its kind, and the second-largest cryptocurrency in market capitalisation, after Bitcoin. Its rapid increase in price has seen many investors preferring it over other coins.
Over the years, Ethereum price has been quite volatile, making it even more profitable to invest in since this volatility has driven the interest of more investors and developers.
Ethereum’s price changes can significantly be affected by a host of unique dynamics, such as:
Major Ethereum Price shifts since 2015
Since the real value of Ethereum, lies in its overall technological potential, any major technological shift is expected to see a significant increase in its prices. Generally, the price of Ethereum is expected to continue rising as more developments are underway.
Particularly, the Ethereum 2.0 project that is planned for launch sometime in early 2020 is expected to see a significant shift in prices. This project is multifaceted but is basically aimed at improving scalability and reducing transactional times and costs.
Ethereum is being touted as a more superior decentralised platform compared to Bitcoin. While both Bitcoin and Ethereum are founded on the principles of cryptography and distributed ledgers, they are uniquely different in a number of ways:
Ethereum and Bitcoin present unique advantages to both traders and the crypto community. However, it is the popularity and rising market capitalisation of Ethereum that makes it a formidable force in crypto trading.
While it’s still below Bitcoin in market capitalisation, Ethereum is a more popular coin that is set to see significant volatility due to upcoming technological changes on its ecosystem, hence placing it at an advantage over Bitcoin. This price volatility and its relatively low prices are ideal for both novice and expert traders since it presents significant returns than with Bitcoin trading.
Trading Ethereum can be an enthralling and profitable venture if done correctly. It is also a highly risky investment, especially without the right knowledge and tools. XTRgate offers both new and experienced traders a robust, intuitive and highly versatile platform for Ethereum trading. And the good news is, you don’t have to buy Ethereum and will only trade against its market price volatility. Sign up today to start an exciting trading experience.
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