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.
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Disclaimer: The authors of this website may have invested in crypto currencies themselves. They are not financial advisors and only express their opinions. Anyone considering investing in crypto currencies should be well informed about these high-risk assets.
Trading with financial products, especially with CFDs involves a high level of risk and is therefore not suitable for security-conscious investors. CFDs are complex instruments and carry a high risk of losing money quickly through leverage. Be aware that most private Investors lose money, if they decide to trade CFDs. Any type of trading and speculation in financial products that can produce an unusually high return is also associated with increased risk to lose money. Note that past gains are no guarantee of positive results in the future.
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