Ethereum has gotten a lot of flak over the past couple of years, but I believe it has the potential to provide better gains than Bitcoin itself in the immediate future.

It has a smaller market cap and does not have as much global recognition as Bitcoin does, which I view as a growth potential aspect.

The current hot trend in the crypto space are DeFi project, and guess what? Almost all of these projects are built on top of Ethereum. There is a ton of money flowing into DeFi and as a consequence I believe that this will bring about a significant rise in the price of Ethereum itself.

Also on the roadmap is the release of Ethereum 2.0 which has been in the works for many months and is finally nearing completion.

Second only to Bitcoin in Market Cap

Ethereum has been second only to Bitcoin in market cap for several years now. As of August 2020, Bitcoin’s market cap is still about five times higher than Ethereum’s.

However, Ethereum’s volume is rising faster relative to Bitcoin’s. When the ETH/BTC volume ratio rises, it indicates that traders are trading Ethereum more relative to Bitcoin and that’s a good proxy of interest.

With the recent hype surrounding various Open Finance protocols, ETH/BTC price ratio is up 112% since September 2019; from 0.0162 BTC to 0.0343 BTC. However, ETH/BTC is still down 78% from its all-time high of ~0.155 BTC in June 2017.

If the current push for DeFi doesn’t wane, I can see that price ratio possibly getting closer to its previous highs, meaning there is a potential to make more profit investing in Ethereum than there is investing in Bitcoin.

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If you’re looking to reserve a small proportion of your investment portfolio into alternative assets – you might be considering cryptocurrencies. After all, the industry is now a multi-billion dollar trading arena. Not only does this include the retail investment space – but several institutional markets, too.

With that being said, it can be difficult to know which cryptocurrencies to invest in, not least because the space is now home to over 5,700 digital coins – as per CoinMarketCap.

As such, in this article, I am going to discuss which cryptocurrencies are potentially worth your attention in 2020. As always, the views expressed are those of my own subjective views – so always perform your own research!

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While I think that Bitcoin is my generation’s greatest innovation and is here to stay, I see some big hurdles that need to be overcome before it can really go mainstream.

Investors in the crypto space should weigh both the benefits and problems of the space when putting their money into any crypto project or asset. The benefits and problems are not set in stone, both can change over time.

Many people believe that Bitcoin has already gone mainstream, but the reality is that outside of the world’s most developed nations and, ironically, some of the most troubled nations (Venezuela, Argentina are two examples) the vast majority of the world’s population has little or no knowledge of Bitcoin, let alone any holdings.

I, therefore, believe that it is still very early days for the crypto space in general, and that there is enormous potential for growth both in terms of technology and in terms of valuation. However, there are some important hurdles that need to be progressively overcome in order for this crazy experiment to succeed long-term.

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Kraken is probably the world’s most well-known and secure exchange, and is definitely one of my favorites.

Jesse Powell, the founder and CEO also has an excellent reputation within the crypto space, as do many leading figures in the team, and that inspires a lot of confidence.

In this post, I’ll review Kraken and the features that I like best from this platform.

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