Bitcoin, often hailed as the digital gold has dominated the crypto market since its introduction in 2009. As of May 2024, the price of Bitcoin has crossed the threshold of $70,000. Investors favor this prominent cryptocurrency for its widespread acceptance and substantial market cap.
For short-term investments, Bitcoin offers high liquidity, making it an attractive option for investors looking to make quick entries and exits. Its price can experience significant swings based on global economic news, regulatory changes, or technological advancements, such as the recent halving event which typically influences its value
Ethereum transcends its role as merely a cryptocurrency. It’s the backbone for a vast array of decentralized applications. The adaptability of Ethereum’s platform allows it to host numerous innovations, including smart contracts and non-fungible tokens (NFTs), which are reshaping the digital landscape.
For short-term traders, Ethereum’s frequent updates and the anticipated transition to proof-of-stake (PoS) offer potential price movements worth capitalizing on. As Ethereum continues to develop, its price reacts to technological upgrades and broader adoption rates.
