Why is Ethereum a good buy now?
Well if you look at the current news you could see that companies are starting to take seriously in consideration the blockchain technology:
- Japan’s IT Giant Fujitsu Opens International ‘Blockchain Innovation Center’ In Belgium – Fujitsu claimed that the new center will research and develop Blockchain-based solutions in “sectors of all kinds”.
- IT ministry from China is going to create a comitee for Blockchain Standards, Domestic and International – Even though China has went all-in in baning all cryptocurrency related activites, it appears to embrace the underlying Blockchain technology.
- 9 Malaysian Central Banks to experiment with Blockchain technology – Deputy governor Jessica Chew Cheng Lian announced that nine banks had partenered up to build a trade finance Blockchain project.
This are the news i just gathered from the last three days and it’s a clear sign that smart and open-minded people are starting to take into consideration blockchain’s real potential.
What’s Ethereum’s role in this?
Well, Ethereum is the most secure Blockchain designed for smart contracts and decentralised applications – Every company that respects its users and principles will choose the best option in terms of security and scalability.
If we look into the past, we will see that as more projects are being built on the Ethereum blockchain, is reflected in its value.
Even though the current market is still bearish, if you are just looking to make a quick buck, i recommend you to stay away from it.
But if you are investing an amount that you are really comfortable with, that will not disrupt your current lifestyle, it’s a good time to buy.
March, 25 – Bulls are trying to break the supporting level for quite a while there and are doing a pretty good job defending the $500 level.
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