Report

Tech Stock versus Crypto: Tesla, Ethereum and BEASTS Coin

By Guest Writer • Published: 04 Jul 2023 • 11:30

Investing in the Tesla stock or Ethereum (ETH) are two different types of investments that offer unique opportunities and potential risks. Tesla is an electric vehicle (EV) company led by visionary CEO Elon Musk, while Ethereum is a decentralised blockchain platform that enables smart contracts and the creation of decentralised applications (DApps). However, these are not the only two options we have.

What if there’s a third option, in something relatively new? BEASTS Coin (BEASTS) is a new crypto initiative that could change the landscape of crypto for people.

Growth Potential

Tesla has experienced remarkable growth in recent years, becoming the world’s most valuable automaker. The company has disrupted the automotive industry with its innovative EVs and has created a strong brand presence. Tesla’s expansion into renewable energy, such as solar panels and energy storage, further diversifies its growth potential. Additionally, Tesla’s autonomous driving technology holds promise for the future of transportation.

Ethereum operates in the fast-growing world of blockchain and decentralized applications. As the second-largest cryptocurrency by market capitalisation, Ethereum has demonstrated significant growth since its launch. The platform’s ability to support smart contracts has attracted developers and businesses looking to leverage blockchain technology. Ethereum’s ongoing upgrades, such as Ethereum 2.0, aim to improve scalability and energy efficiency, further enhancing its growth potential.

Risk Profile

Investing in Tesla carries both potential rewards and risks. The company operates in a highly competitive industry, facing challenges from traditional automakers and emerging EV manufacturers. Additionally, Tesla’s stock price has been volatile, influenced by factors such as production delays, regulatory concerns, and market sentiment. Furthermore, the EV market’s growth is subject to factors like government policies, infrastructure development, and consumer demand.

Investing in Ethereum involves exposure to the cryptocurrency market, which is known for its volatility. Cryptocurrencies can experience significant price fluctuations in short periods, driven by factors such as market sentiment, regulatory developments, and technological advancements. Ethereum also faces competition from other blockchain platforms, and its success relies on the adoption of decentralised applications and the scalability of its network.

The automotive industry is a mature market with established players and regulatory frameworks. Tesla’s success has prompted other automakers to invest heavily in EV technology, intensifying competition. Additionally, government policies and incentives to promote sustainable transportation can impact the demand for EVs, influencing Tesla’s growth. Tesla’s stock price is influenced by traditional financial metrics, such as revenue, profitability, and production numbers.

The cryptocurrency market operates in a decentralised and relatively nascent space. Ethereum’s value is driven by various factors, including demand for decentralised applications, network activity, and investor sentiment towards cryptocurrencies. The market dynamics of cryptocurrencies are distinct from traditional financial markets, with factors like network upgrades, security concerns, and regulatory decisions having significant impacts.

BEASTS Coin Could Carry Huge Value Through Its Referral

Launching a presale, BEASTS Coin, a meme coin that recently emerged, aims to establish a solid foundation for its entry into the cryptocurrency market. The coin’s genesis and narrative are inspired by science fiction mythology, with a specific focus on rebellious cybernetic creatures challenging the centralised control of traditional financial systems.

The referral programme operates in the following manner by holding a certain amount of BEASTS tokens, you will receive a unique referral code, which you can share with others. When they utilise this code, you will be granted a 20% share in either USDT, BNB, or ETH from the total amount they deposit. Furthermore, the newly-referred investor will receive an additional 20% in BEASTS tokens if they acquire BEASTS tokens through the referral scheme.

In conclusion, the value of investing in Tesla versus Ethereum depends on an individual’s investment goals, risk tolerance, and understanding of the respective industries. Tesla offers exposure to the established automotive market and the potential for disruptive growth in the EV industry. On the other hand, Ethereum provides exposure to the rapidly evolving world of blockchain technology and cryptocurrencies, with the potential for innovation. But now, BEASTS Coin offers another alternative with its innovative referral scheme that may give investors much to think about as it revolutionises the game with its referral scheme.