$ETH Ethereum is much more than just a simple cryptocurrency. In addition to being the second most valuable digital currency after Bitcoin, Ethereum underpins an entire blockchain ecosystem, providing support for smart contracts and decentralized applications (dApps). Next, we will explain why Ethereum is important in the cryptocurrency market and analyze how ETH price fluctuations influence the entire industry.

What is ETH and why is it unique

Launched in 2015 by Vitalik Buterin and his colleagues, Ethereum is an open-source blockchain platform that enables the use of smart contracts. Unlike Bitcoin, which was created as an alternative to the traditional banking system and primarily functions as a “digital gold” or store of value,