On January 15, 2018, Ethereum dropped to 10 cents after reaching an all-time high of over $1,400 just a few months prior. This sudden and drastic price drop can be attributed to a number of different factors.

First and foremost, Ethereum’s price is highly volatile and susceptible to market manipulation. This is due in large part to the fact that Ethereum is still a relatively new asset, and therefore has less liquidity than more established assets such as Bitcoin.

Because of this, it is easier for large investors to buy up large amounts of Ethereum and then sell it off at a higher price, thereby artificially inflating the price.

Another reason for Ethereum’s price drop is the recent rise in popularity of other cryptocurrencies such as Bitcoin Cash and Ripple. These coins have been eating into Ethereum’s market share, as they offer similar functionality but with slightly different benefits.

This has led to a decrease in demand for Ethereum, which has in turn driven down its price.

Finally, the overall cryptocurrency market has been on a bit of a downturn lately due to concerns about regulation and other negative news stories. This has caused investors to sell off their holdings in all cryptocurrencies, including Ethereum.

All in all, there are a number of different factors that have contributed to Ethereum’s recent price drop. However, it is important to remember that the cryptocurrency market is highly volatile and prices can change rapidly.

So, while Ethereum may be down at the moment, there’s no telling where its price will be in a few weeks or even days from now.

If you’re an Ethereum user, you’ve probably noticed that your gas fees have been increasing over the past few months. And if you’re new to Ethereum, you might be wondering why gas fees are even a thing.

In this article, we’ll explain what gas fees are, why they’re necessary, and why they’ve been increasing lately.

What are gas fees?

In order to understand gas fees, we first need to understand a bit about how Ethereum works. Ethereum is a decentralized platform that runs smart contracts: programs that can automatically execute actions when certain conditions are met.

For example, let’s say you want to create a contract that will send 1 ETH to your friend every time you get paid. In order to do this, you’ll need to write a program that will execute the following actions:

1. Check if you’ve received any ETH.
2. If you have, send 1 ETH to your friend’s address.

3. Repeat 1 and 2 every time you receive ETH.

This might seem like a simple task, but it’s actually quite complex when you consider all the different ways that things can go wrong. For example, what if your friend’s address changes? Or what if you accidentally send ETH to the wrong address?

To make sure that these kinds of contracts work as intended, every time a contract is executed, it costs a small amount of ETH in gas fees. Gas is basically like fuel for the Ethereum network: it’s what’s used to power transactions and keep things running smoothly.

Why have gas fees been increasing?

There are a few reasons why gas fees have been increasing lately. First of all, Ethereum has been growing in popularity, which means that more and more people are using it for their transactions.

This increased demand has led to higher gas prices.

Secondly, there’s been an increase in the number of complex smart contracts being executed on the Ethereum network. These contracts often require more gas than simple ones, which puts upward pressure on prices.

Finally, there have been some recent changes to the way that gas is priced that have also contributed to higher fees. Specifically, the “base fee” (the amount of ETH charged per unit of gas) has tripled in the past month or so.

What does this mean for users?

In short, it means that users are paying more for their transactions than they were before. For example, let’s say you wanted to send 1 ETH to your friend using a smart contract like the one we described earlier. A month ago, this transaction would have cost around $0.30 in gas fees.

Today, it would cost around $0.90.

Ethereum was first proposed in 2013 by Vitalik Buterin, a Russian-Canadian programmer. He was interested in Bitcoin, but he thought that it could be improved.

He believed that Bitcoin needed a scripting language for application development. Buterin also thought that the community was too centralized.

So, he proposed Ethereum as a decentralized platform that would allow people to build applications on top of it. The applications would run on a blockchain, which is a public ledger.

The blockchain would be powered by Ether, which is a cryptocurrency.

Ethereum was launched in 2015. Since then, it has become one of the most popular cryptocurrency platforms.

It is used by developers to build thousands of decentralized applications.

Vitalik Buterin is the co-founder and creator of Ethereum. He is a Russian-Canadian programmer and writer.