Top Reasons to Hodl Ethereum

Ethereum (ETH) is the second-largest cryptocurrency in terms of market capitalization. It attained its all-time high price of $4,878.26 on November 10th, 2021. It is presently trading at about $2,688.55 at the time of writing. Presently, there are over 19320 cryptocurrencies in the world according to CoinMarketCap. This makes it challenging for investors to know which ones could be profitable in the long run. In my take of cryptocurrencies to hodl for the long term, Ethereum is among the top in the kist for the following reasons: Positive possibilities with Nonfungible Tokens (NFTs) The nonfungible tokens (NFTs) evolution in the Cryptocurrency space has changed a lot of things. At the time of writing, according to CoinMarketCap, the market capitalization of NFTs has increased by over 145% in the past 30 days. Ethereum is the major blockchain where most of the top known nonfungible tokens are launched. In a research data by Emergenresearch, the market forecast for NFTs is expected to reach about $130 billion in sales by 2030, with an estimated yearly growth of 33%. This means that Ethereum will be in high demand since it is required to pay fees for creating or purchase of the tokens in decentralized platforms like OpenSea. Its adventure with history Only individuals who are joining the crypto space recently or had little knowledge about Ethereum history will be afraid of this present downtrend. Presently, the return on investme...