What to know before buying ethereum.Ethereum is the second largest cryptocurrency by market cap.What does that mean?The total value of its circulating supply is second only to bitcoin.Ethereum broke $1,000 in the first week of 2021.Ethereum\u2019s all time high is roughly $1,400. While hitting $1,000 for the second time in 2021, its market cap is just above $115 billion.For comparison, bitcoin\u2019s market cap is just under $600 billion.All of these numbers change\u2014 rapidly.The crypto market is in the middle of an unprecedented bull run. Bitcoin, the world\u2019s largest and most established cryptocurrency was the early mover.Now, it looks like ethereum is benefiting from bitcoin\u2019s tailwind.Given that ethereum hasn\u2019t matched its all time high yet during this rally, many believe it\u2019s a cryptocurrency to watch closely.I do own some ETH. I also mine ethereum.And, this is not financial advice.You can read about the mining rig I built here.Want more content like this? Sign up for my newsletter.From a speculative standpoint, the current cryptocurrency bull market is going to leave many investors looking for promising entry points.Bitcoin, despite continuing to rise in price, is often dismissed as \u201ctoo expensive.\u201d While that\u2019s a shortsighted assessment of bitcoin, it remains a reality that many investors are hesitant to get involved unless they believe their return on investment will be great enough.You Don\u2019t Need to Buy a Full ETHMany newcomers to bitcoin, ethereum, and cryptocurrency also don\u2019t realize that you don\u2019t have to buy a full coin.In bitcoin, the smallest unit of account is a satoshi \u2014 one hundred millionth of a bitcoin. In ethereum, the smallest unit of account is a wei. A larger and more common unit of ether is a gwei.1 Ether = 1,000,000,000,000,000,000 Wei (1018)These are large and confusing numbers at face value.The point is that you do not need to\u2026<\/p>","protected":false},"excerpt":{"rendered":"
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