This top cryptocurrency is certainly on the radar of most investors.
With a current market cap (as of the afternoon of April 17) of $360 billion, Ethereum (ETH 2.65%) is the world’s second most valuable cryptocurrency. It’s behind only Bitcoin when it comes to market domination.
Just in the past five years, Ethereum‘s native token has skyrocketed nearly 1,700% in value. That would have turned an initial $1,000 investment into a jaw-dropping $18,000 balance today.
Ethereum has also been on a fantastic run since the start of 2023, benefiting from the broader crypto market’s rally. But this digital asset remains 36% off its high. Before you rush to buy the dip, here are three things you should know about Ethereum.
Aiming to boost functionality
Ethereum’s key characteristic is that it allows for the functionality of smart contracts. These are computer programs that automatically execute once separate parties in a transaction satisfy…
