The rising Metavere domain currently has a crossover with the Cryptocurrency sector. Both sectors have noticed a rapid strong force, with both domains is considered safe refuge options that the US dollar falls, which triggers the global markets. That said, silver and Ethereum both share similar fate, As both assets will grow over time As their use continues to diversify and expand. Here is why silver and ethereum should be on your radar, no matter what.
Also read: After gold hits Silver Price a new height of $ 50
Why should you buy silver?
1. Rising industrial demand
“Silver’s large movements in line with periods when the system itself feels shaky. It is not just a precious metal; half of its demand comes from the industry (sun, electronics and energy technology), and the other half is about money and trust. When silver rips as it is now, it usually means that both sides of that equation blink at once.”
2. Hedge against inflation
The US dollar position has been winged lately, with speculation of more interest rate cuts that press the dollar even more. This story is now compelling investors to change boats, all while parking assets in stable assets such as gold and silver to protect the return in an otherwise unstable market.
“Who do you think to buy so much silver and gold? Because it is not retail, and with this volume I don’t think it is just institutional. I think it is sovereign nations. They are aggressive, and I think it is a hedge against the US dollar.”
Why should you buy Ethereum?
1. Rising institutional demand
“Institutions now have $ 39B worth of $ ETH in ETFS & Treasury, up from $ 24B in July. Just 4 days ago saw ETFS +639 million dollars, surpasses $ BTC on the same day. The institutions buy ETH faster than ever.”
2. Launchpad for Web3 Economy, Apps and Memecoins
Ethereum has long been a preferred chain to launch memecoins. In addition, over time, Ethereum has developed into a blockchain with the most different web3 app setting, making it a starting plate for new applications and settings.
Also read: cAn Ethereum hit $ 6,000 after Bitcoin increase to $ 126,000?
