5 Cryptocurrencies Redditors are Buying for the Next Bull Run

2. Ethereum USD (CCC:ETH-USD)

Ethereum USD (CCC:ETH-USD) is the second biggest blockchain and cryptocurrency platform in the world in terms of market capitalization as of July 24.

Ethereum has been one of the earliest proponents of decentralized finance and brought smart contracts on its platform to support this endeavor. Ethereum is a critical path for NFTs and the metaverse through Ether, which is the native currency on the platform.

The team that came up with Ethereum built up on the achievements of Bitcoin by realizing that a decentralized public ledger can be used for purposes other than just making payments. The recent transition from Ethereum to Ethereum 2.0 following the change in algorithm from proof-of-work to proof-of-stake will be integral because it will speed up the processing of transactions and would also require less energy.