Ethereum is the second-largest cryptocurrency by market cap after Bitcoin. As a result, it draws the interest of many investors seeking the next Bitcoin, whose outstanding returns have inspired many into crypto investing.
Many investors believe Ethereum has great potential because of the number of DeFi and NFT products built on its blockchain. Accessing those products requires transacting with Ether (ETH), Ethereum’s native token. As adoption of DeFi and NFT products grows, the demand for Ether will also increase and lift its value.