In July of 2015, Ethereum launched a presale for ether, which is the native cryptocurrency of the Ethereum network. Ether is used to pay for transaction fees and computational services on the Ethereum network. The presale raised 31,591 bitcoins, which were worth about $18.
4 million at the time. The Ethereum Foundation, the organization that oversees Ethereum’s development, received about 60% of the funds raised in the presale.
Ethereum’s public blockchain launched on July 30, 2015. On that day, the price of ether was $2.83. Since then, the price of ether has fluctuated quite a bit.
NOTE: WARNING: As with any investment, there is a risk involved when investing in Ethereum. Before making any decisions, be sure to do your research and understand the potential risks associated with investing in Ethereum. Additionally, the price of Ethereum can fluctuate significantly, and past performance is not necessarily indicative of future results. Therefore, it is important to consider the current market conditions before making any investment decisions.
In March of 2016, ether hit an all-time high of $15.40. However, in September of 2017, the price of ether fell to around $290 after a widespread hack known as the DAO hack occurred on the Ethereum network. As of June 2018, the price of ether is once again on the rise and is currently trading at around $520.
So at what price did Ethereum start? The answer is $2.83 per ether.
However, since then, the price of ether has seen a lot of UPS and downs.
7 Related Question Answers Found
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference. These apps run on a custom built blockchain, an enormously powerful shared global infrastructure that can move value around and represent the ownership of property. This enables developers to create markets, store registries of debts or promises, move funds in accordance with instructions given long in the past (like a will or a futures contract) and many other things that have not been invented yet, all without a middleman or counterparty risk.
In the summer of 2014, Ethereum was funded by a crowdsale. Crowdsales are a type of funding where instead of going to VCs or banks, a project raises money by selling tokens to the public. In Ethereum’s case, these tokens were called “Ether” and were sold in exchange for Bitcoin.
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference. Ethereum is still in its early stages and is not as widely used as Bitcoin. However, Ethereum has the potential to grow much larger than Bitcoin.
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference. Ethereum is selling for $740.79 as of 1:15 PM EST on January 17th, 2018. The price of Ethereum has been on a roller coaster ride over the past few months, and it seems that the market has finally stabilized somewhat.
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference. Ethereum is currently the second largest cryptocurrency by market capitalization, behind only Bitcoin. It is also the most widely used blockchain in the world.
On January 13, 2018, Ethereum hit an all-time high of $1,448.38. This price was the result of a surge in Ethereum’s price that began in December 2017. The surge was caused by a combination of factors, including increasing interest in Ethereum from investors and speculation about the future of Ethereum.
Ethereum has been one of the most volatile cryptocurrencies in the past year. The price of Ethereum soared from $8 in January 2017 to over $1,400 in January 2018. However, the price of Ethereum has dropped significantly since then and is currently trading at around $200.
