Ethereum (ETH) is one of the most popular cryptocurrencies after Bitcoin, and many are attracted by the idea of buying it and expecting significant profits. This approach, known as HODLing (from the English "hold on for dear life"), involves long-term holding of the asset, hoping for an increase in its value.
Why is ETH attractive to HODLers?
* Extensive ecosystem: Ethereum is not just a cryptocurrency, but a whole platform for decentralized applications (dApps), smart contracts, and NFTs. This creates a constant demand for ETH as "gas" for transactions.
* Innovations and upgrades: Ongoing improvements, such as the transition to Proof-of-Stake (Ethereum 2.0/Serenity), aimed at increasing the efficiency and scalability of the network, could positively impact the price.
* Growing institutional interest: More and more large companies and investors are showing interest in Ethereum, which could contribute to the stabilization and growth of its value.
Buying ETH with the expectation of long-term profit can be an appealing strategy, considering the fundamental advantages of the Ethereum network.
