Since July of 2022, Ethereum has been outperforming Bitcoin in the cryptocurrency market. This is an impressive feat considering that Bitcoin is one of the most popular and widely traded cryptocurrencies on the planet. Ethereum’s incredible performance over this period has seen its value increase by 61%, making it a great investment option for those looking to diversify their portfolios with digital assets.
So what makes Ethereum such a compelling investment? For starters, it offers users access to smart contracts which are self-executing agreements between two parties that can be used for anything from financial transactions to data storage and more. Additionally, unlike other major cryptos like Bitcoin or Litecoin, Ether doesn’t require miners in order to verify transactions; instead these tasks are handled by “nodes” located across the network which helps keep costs down while also increasing efficiency and security when compared with traditional mining methods used by other coins.
Another factor contributing towards Ethereum’s success since July 2022 could be attributed to its recent upgrade known as Eth2 (or Serenity). This new version was designed specifically with scalability in mind as well as introducing staking rewards for holders who stake their ETH tokens into validators nodes – allowing them earn additional income passively just from holding onto their coins!
Finally, there have been some notable partnerships formed recently between large corporations such as Microsoft Azure & Amazon Web Services who have integrated support for deploying decentralized applications (DApps) built using Etheruem’s blockchain technology – further increasing exposure & adoption rates amongst mainstream audiences worldwide!
All things considered it appears clear why investors would find themselves drawn towards investing into ETH rather than BTC given all these advantages combined together make up an attractive proposition overall – especially if you’re looking at long term returns on your investments then etheruem should definitely not be overlooked!
