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(CRYPTO: BTC) and (CRYPTO: ETH) have had a rollercoaster of a year up until now. Over the previous 12 months, Bitcoin's price has risen by almost 300%, and Ethereum is up by more than 900%-- which's in spite of the enormous downturn they've both experienced over the previous few weeks. Now that cryptocurrency rates are falling, it can be a wise chance to "purchase the dip" and invest in Bitcoin or Ethereum while they're more affordable.

Image source: Getty Images. The case for Bitcoin Bitcoin is among the initial cryptocurrencies, and it has, by far, the most name acknowledgment amongst the public. If any cryptocurrency is going to be successful, it's going to need to earn extensive adoption amongst sellers. Because Bitcoin is the most acknowledged cryptocurrency, it currently has a benefit in that department.

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In addition, Bitcoin is referred to as a deflationary currency, indicating it must only increase in worth in time. This might offer it a leg up over fiat currencies-- such as the U.S. dollar-- that go through inflation. The major threats included The most significant danger included in any cryptocurrency is that it's highly speculative at this moment.

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Today, it's anyone's guess whether Bitcoin will ultimately end up being commonly accepted. And if it doesn't become mainstream, it could eventually end up being useless. Another disadvantage to Bitcoin is its energy consumption. The Bitcoin mining process uses an extraordinary amount of calculating power, which is an energy-intensive process. In fact, Bitcoin deals currently take in more energy than the whole nation of Venezuela, according to a study from the University of Cambridge.

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Image source: Getty Images. The case for Ethereum Ethereum is a blockchain technology that hosts a native coin called Ether. Ethereum is among the greatest names in the blockchain space, and there is a broad range of tasks hosted on the Ethereum blockchain. Decentralized financing, for example, utilizes the Ethereum blockchain, therefore do non-fungible tokens (NFTs).

Developers can also create "wise agreements" on the network, which permit users to perform safe and credible transactions without help from a 3rd party, such as an attorney. Smart agreements might transform a variety of markets, providing Ethereum an advantage over its competitors. Finally, designers are dealing with an upgrade to the Ethereum blockchain to make it even more energy-efficient.