12 Reasons to Invest in Ethereum 2021 Is it a good idea to invest in Ethereum? What does this cryptocurrency have that many see as the most powerful competitor to Bitcoin? Will it be able to surpass the crypto queen? Will it be a good investment? We will solve these and many other questions in this guide on this popular cryptocurrency. I anticipate that there are many who bet on this cryptocurrency but there are also many who say that it will not go too far. Of course, you will not think that everything is a bed of roses when it comes to investing in Ethereum. No investment is risk-free and neither is this currency. I'm going to cut to the chase and list the reasons why it is a good idea to invest in Ethereum and the reasons why it may not be such a good idea. Advantages and disadvantages of investing in Ethereum 1 It's more than a cryptocurrency Ethereum is not a cryptocurrency itself (Ether is the token that is used in it for exchanges), but a platform based on blockchain technology that allows to develop decentralized applications that use Blockchain in it, so its potential lies in its power as a kind of structure based on the programming of a possible virtual world. Bitcoin, on the other hand, is more of a pure currency. 2 Smart contracts It can be used to create Smart Contracts with which its potential is enormous. It seems increasingly clear that the future of crypto is going to be related to this type of contract. 3 He's behind DeFi This is one of the developments that are called to dominate the future of global finance and especially related to the virtual world. Many experts say that DeFi will eventually replace traditional centralized finance. At Harvard they are thinking that this may be the basis of future finances. 4 The NFT market depends on Ethereum Another of the trendy markets for cryptocurrencies and everything related to the Blockchain. Stories like those of cryptopunks and other platforms have meant that these tokens have risen to fame. These Non-Fungible Tokens that are based on smart contracts seem to be leading the way towards a new way of proving ownership of things, something that apparently can also be applied to physical goods, not just virtual ones. Why is Ethereum important here? Because a good part of the most important NFTs are built with the technology of this crypto. 5 The World Economic Forum bets on tokenization The controversial WEF has published that it is expected that by 2025-2027 10% of the world's GDP will be tokenized, that is, it works under blockchain technology transactions. And what is the most powerful blockchain technology in the token market? Ethereum. 6 It allows to diversify in cryptos Many investors are nervous about investing in only one or a few assets. Bitcoin is the cryptocurrency that attracts the most interest and investment, but many of the investors who enter this market look for other assets where they can maintain a more diversified profile. In crypto the best asset to get into after Bitcoin is the development of Ethereum, so any crypto portfolio that seeks to comply with this concept would do well to acquire this cryptocurrency in it. 7 It is a remedy against censorship As it is a decentralized technology on the Internet, it is capable of resisting censorship attempts by the authorities. For example, suppose a government wants to block access to a website in a country; something that is perfectly possible. What is not possible is that government eliminates a "transaction" recorded in the blockchain. In this way, a publication in the Ethereum system is recorded on a decentralized computer network to which the government has access. It is true that we can argue that the government can make it impossible for you to have a computer and therefore the above is of no use, but there we would already be in a more complicated form of dictatorship. ERC20 Token is a blockchain-based asset with similar functionality to Bitcoin and Ethereum. Blockchainx is a leading ERC20 Token Development company providing the best ERC20 Token Development services, the team of dedicated developers has expertise at creating a custom token on any smart contract standard over the Ethereum platform. Feel Free to consult with our experts. https://www.blockchainx.tech/erc20-token-development