Choices, choices, so many choices. There are thousands of cryptocurrencies on the market now. Just how many depends on whom you ask. You can choose what seems to fit your budget and where you find the credibility

1. How to buy Ethereum in
Canada? Is it one of the
best crypto investments?

2. Choices, choices, so many choices. There are thousands of
cryptocurrencies on the market now. Just how many depends on
whom you ask. You can choose what seems to fit your budget and
where you find the credibility, however, if you ask us how to buy
Ethereum in Canada, we can only help you with this
analysis.
You could go with metaverse cryptos. Or you might pick stablecoins
pegged to fiat currencies. There are well-established tokens with huge
market caps, and tiny ones whose supporters are hoping that they’ll
break out. Out of all of them, though, here’s why Ethereum is one of
the best cryptocurrencies to buy right now.

4. Ethereum first launched in July 2015, and it has enjoyed undeniably
strong momentum ever since. Over the past six and a half years, the price
of Ethereum’s native Ether token has skyrocketed by more than 121,000%.
As such, an initial investment of $1,000 back then would be worth well
over $1.2 million now.
Thanks to this phenomenal growth, Ethereum now sports a market cap of
over $400 billion. That makes it the second-largest cryptocurrency in the
world based on market cap, trailing only Bitcoin. But Ethereum offers
significantly more capabilities than Bitcoin does. Its blockchain is
designed to support smart contracts. These contracts are automatically
self-executing and don’t require the buyer and seller to personally
interact.

5. They make non-fungible tokens (NFTs) and a wide range of
decentralized applications (dApps) possible.
Ethereum’s ecosystem included nearly 2,900 projects in late 2021.
Is Ethereum new and improved?
Granted, Ethereum has its flaws. Its blockchain is sluggish, with the
ability to process only between 15 and 45 transactions per second.
Ethereum has also experienced scalability issues. In addition,
transaction fees on Ethereum can be exorbitant.
These downsides have resulted in some developers defecting to
other blockchains. Solana, Cardano, Polkadot, and Avalanche are just
a few of the cryptocurrencies that have stolen some of Ethereum’s
thunder.

6. However, a new and improved version of Ethereum is on the way.
The Ethereum 2.0 upgrade will go a long way toward addressing
the current issues.
The first phase of this upgrade is already complete. The second
phase is planned for this year, with the final phase slated for
sometime in 2023. With the promise of a better, faster, and cheaper
architecture, I think that Ethereum is likely to gain even more
traction over the rest of this decade.
Is it still a risky investment?
Because of its widespread use and high functionality, my view is
that Ethereum is less risky than most other cryptocurrencies.
However, that doesn’t mean that it doesn’t face some risks.

7. One of those risks is that the planned Ethereum upgrade could be
delayed. The timeline for the final phase of the upgrade has already
slipped. It’s also possible that there could be technical issues
resulting from the upgrade.
There are signs that a risk-off mentality is gaining sway already.
Cryptocurrencies, in general, have fallen in recent weeks. Still,
Ethereum appears to be the strongest cryptocurrency to buy and
hold over the long term.

8. .Its current advantages combined with the improvements on the
way could make it formidable. One of the best XRP exchange
Canada like Netcoins is here to help you with you ethereum
investment. sign up now!
SOURCE CREDIT:
https://medium.com/@netcoinscanada/how-to-buy-
in-canada-is-it-one-of-the-best-crypto-investments-
39d654f73194

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