The Growth of Ethereum in Nigeria

Do you know that Ethereum (ETH/USD) jumped another 5% within minutes hitting $280?

The thing is, how does this happen, we drift along relatively stable and then suddenly we jump, then steady and suddenly jump again, whales ?

If it was just the usual suspects (Joe Public you and I) then wouldn't the price gradually increase rather than these sudden jumps?

Not complaining of course, up is better than down but flipping heck, there must be some huge players out there.

Ethereum in Nigeria

Ethereum is the community-run technology powering the cryptocurrency, ether (ETH) and thousands of decentralized applications.

Why is it so popular?

As a technology that's home to digital money, global payments, and applications, the community has built a booming digital economy, bold new ways for creators to earn online, and so much more. It's open to everyone, wherever you are in the world – all you need is the internet.

Today, billions of people can’t open bank accounts, others have their payments blocked.

Ethereum's decentralized finance (DeFi) system never sleeps or discriminates. With just an internet connection, you can send, receive, borrow, earn interest, and even stream funds anywhere in the world.

This has made many startups come out in Nigeria and other free ways to earn crypto.

Final Note

The truth is, Ethereum isn't just for digital money. Anything you can own can be represented, traded and put to use as non-fungible tokens (NFTs).

And in Nigeria, we can see it being traded in millions of Naira daily - see Binance exchange.