Ethereum TO THE MOON – Why Ethereum is Exploding!

Ethereum just crossed 3500 dollars. It's rising, and it's all over the news. Some predict that it's going to cross 5K dollars. Others are much more optimistic and believe
that Ethereum will cro ss 10K dollars in the next few months. When it comes to cryptocurrency, its all speculations,
at least for now. You never know what's going to happen next. By the time this video is out, Ethereum could
have reached $4K, maybe even $5K. It all depends on how long our graphic designer
is going to take to animate this video. Let's show him how much we love him by giving
this video thumbs up and commenting down there how beautifully this video is animated.

First, we had Dogecoin, then Safemoon, and
now Ethereum, but unlike Safemoon or Dogecoin, Ethereum is actually one of those cryptocurrencies
that are legit and has the potential to grow. It's not just based on random speculations
by crypto enthusiasts, but it has some features that a lot of other cryptos don't. I get it. You are confused. You don't know which crypto you should buy. On the one hand, you have bitcoin that has
turned itself into digital gold, but it seems like it's in a bubble.

On the other hand, you have joke-coins which
seems like a quick way to make money, but it's pure speculation. But where does Ethereum stands in this equation? Is it just another hype, or is it real? Before we get into that, keep in mind that
basing your financial decision on what a random guy on youtube says isn't a great idea because
everything that's said in this video is for educational purposes. Having said that, let's get back to Ethereum. If you don't know yet, Ethereum is one of
the first cryptocurrencies in the market. However, most people don't know much about
it since it hasn't been skyrocketing to the moon as other cryptos have been lately. So let's try to understand a few things.

What's Ethereum? How does it work? Why is it rising? And will it keep rising? Or it's destined to fall? So crash that like button, and let's start
first with what makes Ethereum unique from all other cryptocurrencies, including bitcoin. Ethereum might seem like a cryptocurrency,
and it is to a certain degree. However, it's much more than that. It's more like a platform like android, which
on top, you can create software or applications to perform all kinds of transactions. It decentralizes the entire financial market
by providing a broad array of financial services without the need for typical financial intermediaries
such as brokerages, exchanges, or banks. For example, it allows cryptocurrency users
to borrow against their holdings or lend them out for interest. Ethereum also allows for the creation and
exchange of NFTs, which are non-interchangeable tokens that can be connected to digital works
of art or other real-world items and sold as unique digital property. NFTs actually look like the future of art,
especially when (Everyday: the First 5000 Days) went on sale for 69 million dollars. That's peace of art. A guy was basically uploading images to his
Instagram and turned them into NFT and sold it for 69 million dollars.

I have a difficult time believing that, but
it happened. That's why if you don't know what is NFT,
you probably should google that because it's part of the crypto world, especially Ethereum
that provides the platform for NFT to exist, that's another reason why Ethereum is so important. In fact, many other cryptocurrencies operate
as tokens on top of the Ethereum blockchain and have utilized it for initial coin offering
or ICO. It's is like IPO for cryptos. What I like the most about Ethereum are smart
contracts! Smart contracts are on the way to change the
entire world. 10 or 15 years from now, everything could
be based on smart contracts from your mortgage contract to insuring your car. The simplest example of smart contracts is
when buying and selling something. Whenever you buy something online, for example,
the bank is the intermediary. Once you make the payment, the bank is going
to deduct that amount from your account but hold it until you receive that service, and
once you do, it will process the payment to the seller.

With smart contracts, we no longer need the
visa or the Mastercard, or any other intermediary. We can create contracts within Ethereum that
would say – if this particular service is provided, this amount of money will be deducted
from my account. And these kinds of contracts could be created
by anyone, and most importantly, they cannot be changed and if anyone would attempt to
change them, hack them or anything like that, the entire blockchain system would know about
it. If you are a business, you don't want to put
your entire reputation in line for scamming one customer which makes the entire system
transparent. Humans have been creating such contracts for
ventures. They are the basis for any transactions but
enforcing them was always the problem. That's why we have the middleman such as the
bank, the broker, or the insurance company. But now, we can enforce the contracts without
the middleman through blockchain where first of all, as I mentioned, the contracts cannot
be changed once they are created, and any attempt to scam it is going to be known by
the entire commute. And that's just one use for it. We can decentralize real estate, business,
crowdfunding, banking, almost everything.

But the question is, why is it rising now? Like bitcoin, its first initial rise was in
2017 and 2018, where it reached 1386 dollars per coin. However, it crashed to rock bottom, losing
more than 90 percent of its value by the end of 2018, where Ethereum reached 83 dollars
per coin. And now, a little over 2 years later, the
price of Ethereum is about to cross 4K dollars. By the time this video is out, I am almost
certain that the price will be above 4K dollars. The price has risen by more than 4K percent
in less than 3 years. That even puts Tesla to shame. One of the investors and analysts who use
to work for Cathie woods, the woman who is betting highly on Tesla, believes that Ethereum
is going to cross 40K dollars.

A lot of investors believe in Ethereum because
it's not just playing the role of a virtual store of value but rather a tool that can
be used to make transactions much more efficient by eliminating the middle man, as we have
discussed earlier. The main reason it's rising is because the
entire industry is rising. It doesn't make sense when crypto's are shooting
through the roof while the second biggest cryptocurrency in the world and the most usefully
crypto technology wouldn't rise as well.

If you just put side-by-side how bitcoin and
Ethereum have been growing throughout the last 12 months, you will realize that their
growth is pretty identical. And We have already discussed in previous
videos the reasons behind this astronomical growth. At the end of the day, what drives the price
is supply and demand. In the middle of so much chaos and uncertainty
about the future of cryptos, Ehereum stands out. It's not speculation like Dogecoin or get
rich quick scam like SafeMoon. It has real practical implications. It's crystal clear what problem does it solves.

So I think what's happening in the crypto
world is that people are getting educated. They are starting to understand that just
because some random crypto has a cool name doesn't mean it solves a problem or presents
a certain value, so they are moving from useless coins to valuable coins. It's still too early to jump to conclusions,
but it's difficult to imagine that there will be another crypto that can overtake Ethereum
in the coming future. It has already established itself as the leading
platform for crypto developers. Once that shift to smart contracts, to blockchain-based
society is going to happen. Ethereum is going to worth a lot more. But as for now, the industry is in a bubble,
and this bubble sooner or later will crash. I am not going to get into that since we have
discussed that in previous videos which links I will make sure to leave in the description. And now it's your time to let me know what
do you think? Will ethereal cross 10K dollars or crash before
that? I would love to know your opinion. Now it's time to give this video a thumbs
up that it deserves, and make sure to subscribe and turn on your notifications.

Thanks for watching and I'll see you in the
next one..

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