When you think about investing in crypto, the first thing that comes to mind is Bitcoin or Ethereum. These are the most popular crypto assets with the largest capitalization and trade volume. Why is it worth buying these coins today? And what role does capitalisation play in trading crypto? Let’s talk about it.
Bitcoin and Ethereum are large-cap assets. BTC cap exceeds $330 billion, and ETH cap is over $155 billion.What is capitalisation? In fact, it is an indicator of the dominance of the asset in the crypto market. It is one of the crucial indicators you should pay attention to when picking crypto to buy.
What is Bitcoin?
Bitcoin is the first crypto that emerged in the market. In fact, it put the beginning of the whole crypto industry development. BTC sets the market trends. You have probably noticed that when the BTC rate drops, the entire market drops too. Investing in BTC long-term is a good idea, for this is the most stable growing asset, which will survive a downtrend and skyrocket in the next bull trend. So it makes sense to buy Bitcoin now as its price fluctuates around $16.
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What is Ethereum?
“Crypto Silver” – that is what people call ETH. Ethereum was developed as a network for developers to create and deploy smart contracts and decentralized applications. Over time, the Ethereum blockchain became overloaded with products based on it, so it started to work slowly and charge higher fees. However, recently, the network switched to the Proof-of-Stake mechanism of reaching consensus, which means there is no need to mine ETH. Now the coins are received through staking. That is proof of ownership. ETH holders lock their coins in the network and receive additional ETH in return. The Proof-of-Stake protocol made adjustments:
- much cheaper transactions;
- much higher throughput;
- environmental friendliness;
- possibility for staking.
So it is very possible that the ETH rate will boost during the next bull trend, for the application scope for this network will definitely increase. As of December 12, 2022, the ETH price is $1,267.
It is worth investing in both these assets. You can do it using the WhiteBIT platform. It is a reliable cryptocurrency exchange with a variety of trading tools, a secure wallet, a convenient interface, and fiat-crypto pairs support.
