Gate.ioBlogWhat can the Ethereum upgrade bring to the investor？
What can the Ethereum upgrade bring to the investor？
02 September 10:01
Ethereum vs Ethereum 2.0
Ethereum is the old version, while Ethereum 2.0 is the latest version. Ethereum 2.0 is the last stage for the upgrade of ETH from proof of work to proof of stake. This upgrade will make Eth more powerful as it can handle 10,000 transactions per second. The development process involves 3 major important stages, which are Beacon Chain, Sharding, and Execution.
The latest upgrade incorporates a burning mechanism that makes ETH a deflationary currency. This means the supply of ETH will decrease over time. A small percentage of ETH is burned after every transaction. This is what most investors have been waiting for a long time. Besides, Ethereum 2.0 utilizes proof of stake, which rewards holders for verifying transactions. But the most enticing thing is that ETH2 is faster, scalable, and energy-efficient.
The price has rallied up from the resistance level of $2000 to 3300 in just a few weeks. Analysts predict that the price will continue to go up as Ethereum 2.0 implementation finalizes. Maybe we will see the price go further up to or past it's all-time high of $4356. The recent upgrades have made ETH even better and more desirable.
Ethereum is the second-largest coin by market cap. It also has the most active wallet addresses. Apart from sending and receiving Ethereum, you can invest it to earn passive income.
You can make money on Ethereum by day trading. This is buying and selling crypto actively to make profits. However, you need to understand trading to make profits.
Buy and Hold
If you are looking for a long-term alternative for investing in crypto, then you can buy and hold. You can buy and sell short-term or long-term according to your goals. Institutional investors are also buying and holding Ethereum because of its use case.
Staking is a low-risk investment option for Ethereum. It involves providing liquidity to earn profits from the transactions. The returns depend on the exchange and the amount that you stake. Eth is the home of many Defi projects; hence it’s not going away any soon. You can lock or lend your Eth for your preferred time and earn passive income. Click to learn more about Eth.2.0 staking.
If you are looking for the quickest, easiest and cheapest way of buying ETH, then Gate.io might be your best option. It is a world-class Crypto coin centralized exchange that has been in operation since 2013. This platform is known for its leading IEO, margin trading, diverse cryptocurrencies, and Defi. Gate.io currently supports more than 790+ currencies and is close to 1700+ markets.
Let us look at the advantages of using the Gate.io platform:
Enjoy multiple security layers to secure your assets. Gate.io utilizes two-step authentication and SSL connection to protect the assets of its users.