Ether (ETH)

Ethereum. Crypto currency

The native cryptocurrency of the Ethereum blockchain is called Ether, or ETH. After hitting an all-time high of $4,891.70 in November 2020, the second-most-dominant cryptocurrency in the world has come back to earth, bouncing around the $3,000 level before plunging below $2,000 in the recent sell-off. The most actively used blockchain in the world, Ethereum pioneered the idea of decentralized finance, or DeFi – a disruptive new system of finance that cuts out traditional intermediaries and middlemen like banks, brokers and centralized exchanges. Although a number of upstart rivals are gunning after Ethereum’s leadership position, Ether is one of the best cryptocurrencies to buy now not only because of the wide adoption of its network, but also because of the upcoming event known as “The Merge.” Once known as Ethereum 2.0, The Merge is expected to launch in the second half of 2022 and will bring the current Mainnet Chain together with the Beacon Chain, changing the network from the expensive, slow and energy-intensive proof-of-work protocol to the far more efficient proof-of-stake system. This should hypothetically help re-accelerate the Ethereum ecosystem and buoy Ether.