Discover Why The Ethereum Market is Set for Explosive Growth

4 Reasons to Buy Ethereum Like There's No Tomorrow

The world's second-largest cryptocurrency still has a lot of upside potential. Ether (CRYPTO: ETH), the largest cryptocurrency of the open-source Ethereum network, has rallied nearly 70% over the past 12 months. However, it's still trading about 35% below its all-time high of $4,815, which it reached during the apex of the buying frenzy in cryptocurrencies in November 2021.

Interest rates are stabilizing

• Ether, Bitcoin (CRYPTO: BTC), and many other cryptocurrencies were crushed in 2022 as rising interest rates drove investors toward more conservative investments.
• However, the Federal Reserve recently left its rates unchanged and won't likely raise them again this year. That stability -- and expectations for lower rates after inflation cools off -- should drive more investors back toward cryptocurrencies and riskier plays.

Its supply is declining

1. In August 2021, the Ethereum Network implemented two major changes with its 'London' upgrade that reduced its supply to stabilize its market price.
2. In September 2022, the Ethereum Network switched to the more energy-efficient proof of stake (PoS) method, making it deflationary.

Possible ETF approvals in the future

The SEC is considering approving the first 'spot price' Ether ETFs with potential litigation from ETF issuers to accelerate the process.

The growth of decentralized apps

• Developers can build decentralized apps, tokens, and other crypto assets on the Ethereum Network, driving mainstream adoption of Ether as a digital currency.
• The expansion of the decentralized apps market could drive more companies and consumers to adopt Ether.

Investors should brace for lots of volatility as Ether remains a volatile asset, though it offers long-term gains for those willing to stomach near-term fluctuations.