Richard Burton – designer of DeFi protocols and advisor for Zenith Ventures said in a tweet on Jan 30 that Ethereum was one of the best investments of the last decade and he believes that things built on Ethereum will give the best investment returns, in the coming time. He said it at a time, when a transition towards Ethereum 2.0 is in full swing. He further noted that Ethereum was a trend-setter in blockchain investment and DApps will be the same way, in the future. Mr Richard worked for the Ethereum foundation before, when the project was in its infancy, before going on to start his own company – Balanced Software.
The Ethereum Fundraiser was one of the best investments of the last decade.
Back then, it was unpopular to invest in a blockchain. Now, everyone is.
Today, it is unpopular to invest in dapps.
I think some of the best investment returns will be from things built on Ethereum.— 🪁 Richard Burton 🌊 (@ricburton) January 30, 2020
What Are The Best Investment Returning Ethereum DApps Today?
Binance Coin (BNB) is the Binance exchange’s native token (currently the world’s top exchange). It is used for paying trading fees and for other activity on the network. Binance Coin (BNB) lowest price was once $0.096 (Aug 01, 2017), since then, it has shown a Return on Investment (ROI) percentage of over 9000%.
ChainLink Token (LINK) operating the middle-ware network aiming to connect blockchain with outside real data through Oracle, had lowest price of $ 0.12 (Sep 23, 2017), but has since returned 1700% Return of Investment (ROI) to investors.
Maker (MKR) is another example, it’s a decentralized finance protocol, which allows the creation of stablecoins, based on collateralized debt positions (CDP). MakerDAO lowest price was $21.06 (Jan 30, 2017), the Return of Investment (ROI) has been nearly 2331%.
Why Is Ethereum The Top Blockchain to Build?
Ethereum was the first blockchain of its kind in the world. A Turing complete, smart contract platform which allowed the creation of DApps (decentralized applications) and DAO (decentralized autonomous organizations). Plus, Ethereum has extensive developer support and public’s trust. Also, writing and executing code on Ethereum has always been easier and uncomplicated. Ethereum has current issues with scability, high resource usage and speed, however that’s all set to be rectified in the next iteration of Ethereum.
What Will the Future Bring?
Ethereum’s future will be defined by Decentralized Finance (DeFi) products and Non Fungible Tokens (NFTs). Even today, most of decentralized finance is based around Ethereum and that’s unlikely to change in the future. The blockchain has a long history of maintaining security and stability of the network, both extremely necessary for the future of finance.
Non Fungible Tokens (NFTs) can be understood as “digital assets on blockchain” which are unique and can’t be exchanged equally with any other digital asset. NFTs are rapidly gaining popularity in the form of collectibles cards, game items, cards minted for special occasions, digital pets and superheroes (Crypto Kitty and My Crypto Heroes). Ethereum standard ERC-721 governs the creation and management of such tokens. It is being predicted that video game virtual items market (fortnite, minecraft etc) will eventually migrate to the blockchain, that market is currently worth billions of United States Dollars. Once the migration occurs and NFTs gain further ground, Ethereum blockchain will most likely be the biggest beneficiary.
Recommended posts
-
Can Shiba Inu Price Reach 10 Cents? -
Cryptocurrency Investment Review / Jan 2017 – Dec 2019 -
Top 10 cryptocurrencies with the most investment potential in 2023
-
Shiba Inu Price Prediction: How High can SHIB Price reach by 2030? -
Shaping the Blockchain & Crypto Ecosystem at Hong Kong Blockchain Week 2020 November 17-19, With Main Block O2O Virtual Summit on Nov 18th -
What Is Near Protocol? Will NEAR Token Dump Soon? -
KAVA Price Analysis: Sharpe Indicator Predicts Massive Potential Gains
-
Crypto Millionaire: Buy THESE Cryptos before they BOOM in 2023? -
DEX Contenders – Sushiswap Or 1inch?
- Best Crypto Management Tools Running On Polygon in 2022
-
The Big Ripple Price Prediction for 2023 – How high can the XRP price go in 2023?
- Ethereum UP in 2023? The BIG Reveal is Finally HERE!
-
$26 Million Crypto Lawsuit in California by the SEC - 2023 Q1 Outlook for Ethereum Price looks GREEN! Buy Ethereum NOW?
- Big News: Ripple Price is about to TRIPLE? This News Confirms…
-
Ethereum to RAY: 4 of the Top Cryptocurrencies to Invest in Now
-
Bitcoin vs Ethereum – How To Make More Profit in the Bull market? -
Shiba Inu to Reach 1$ soon? This New Upcoming Development Proves it Right -
Ethereum Price jumps 7% amid Crypto Market recovery…Buy Ether NOW?
You might also like
More from Ethereum
Elevate Your Portfolio: Top 10 Ethereum Layer 2 Projects for 2023 Investments
What are the top 10 Ethereum Layer 2 projects for 2023 investments? Let's take a look at it in more …
Ethereum Price reaching $3,000 in June 2023? Possible, here’s why!
Will Ethereum price reach $3,000 in June 2023? Which factors speak for a price explosion? Let's analyze in this article.
Ethereum Price Prediction for March 1, 2023 – ETH Reaching HERE?
The crypto market is broke a 1 trillion valuation. How high will Ethereum go till March 1, 2023? Will Ethereum …
