Ethereum

The key difference between Bitcoin and Ethereum lies in the functions they serve.

Bitcoin's main purpose is to be a secure, decentralized digital currency for transactions. Ethereum, on the other hand, lets people build decentralized apps. People perceive Bitcoin as more valuable because of its limited supply and security, akin to 'digital gold'. Ethereum focuses on being programmable, with a flexible supply.

By running automated code on a blockchain, Web3 smart contracts remove the need for middlemen. Front-end applications use APIs to communicate, enabling actions like token transfers and data storage. When a user triggers an event, the app sends a transaction, updating the blockchain via the smart contract. These contracts, deployed on platforms like Ethereum or Solana, ensure secure and decentralized connections between apps and the blockchain.

Ethereum's price going up by 0.3% is probably just a small change that won't last long. It's just a short-term change. If you want to invest in Ethereum for the long run, you should do so. Waiting for such a small change might not be the best idea.

For investment, you could try dollar-cost averaging (DCA). This means putting some fixed amount of money into Ethereum on a daily or monthly basis, no matter what the price is. In the long run, this helps you average out your buy price, which lessens the effect of short-term price changes.

For short-term trading, technical analysis tools like moving averages, support/resistance levels, and trading volume can be helpful. However, short-term cryptocurrency trading carries significant risk. Invest cautiously.

Uniswap is a decentralized exchange (DEX) trading platform that uses automated market makers (AMMs) and smart contracts to handle trades without the need for a central middleman.

Coinbase and Binance, on the other hand, are centralized trading platforms run by central authorities or any company. These platforms connect the buyer and seller.

Because of the decentralized feature of Uniswap, users have the authority of their funds, unlike centralized exchanges that hold user assets.

Lower fees are usually associated with trading on Uniswap, mainly gas fees (blockchain transaction costs), which vary according to network activity.

Ethereum is a decentralized blockchain platform where smart contracts are running, and users can create and run the decentralized apps. This is the main feature of Ethereum.

The Ethereum platform uses Ether (ETH) as its cryptocurrency. It's a fantastic and popular option for a long-term investment. Therefore, if you're just starting out, consider investing in this option.

The current value of Ethereum is approx. $3,652.02.

I appreciate your explanation. But, I'm not really sure how Ethereum should be used. What are some specific examples of potential future applications for Ethereum? Why is it still better? How can I get profit from something like Ethereum? Thanks