On January 10, 2018, Ethereum hit an all-time high of $1,417.38. This was a massive increase from its previous all-time high of $8.24, which was set back in June of 2017.
The market capitalization for Ethereum also reached an all-time high of $137 billion on January 10th. This is an incredible feat, considering that Ethereum was only worth $700 million just a year ago. So, what caused this massive spike in price.
There are a few factors that likely contributed to the price increase. First, the overall cryptocurrency market has been on a tear lately. Bitcoin, the largest cryptocurrency by market capitalization, hit an all-time high of $19,783 on December 17th. This caused a lot of investor interest and money to flow into the cryptocurrency market.
As more people became interested in cryptocurrencies, they began to look into other coins besides Bitcoin. Ethereum is one of the most popular altcoins, so it benefited from this increased interest.
NOTE: WARNING: Investing in cryptocurrency carries a high degree of risk. The volatile and unpredictable nature of the Ethereum all-time high means that it could fluctuate greatly and quickly, resulting in large losses or gains. You should only invest what you can afford to lose and make sure to research the risks associated with investing in Ethereum before making any decisions.
Another factor that likely contributed to Ethereum’s price increase is the upcoming hard fork. On January 19th, the Ethereum network will be hard forked to Byzantium.
This upgrade will improve scalability and privacy on the Ethereum network. Investors are likely buying up Ethereum in anticipation of this upgrade, which could lead to even more demand for the coin in the future.
Ethereum’s recent price increase is certainly impressive. The coin has come a long way since it was first launched in 2015.
With the upcoming Byzantium hard fork and increasing interest in cryptocurrencies, it seems like Ethereum’s price is only going to continue to rise in the future.
10 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. Ethereum is a programmable blockchain. It allows users to create their own decentralized applications (dapps) and run them on the Ethereum network.
Ethereum’s all-time high was on January 13, 2018 at 1:417.38. The price of Ethereum has fluctuated a great deal since it was first created in 2015. In the beginning, one ETH was worth less than a dollar.
As of September 2018, the highest Ethereum has ever been is $1,448. This is almost three times higher than the current price of $488. While this may seem like a huge difference, it is important to remember that Ethereum is still a fairly new currency.
As of September 2018, the highest Ethereum has been is $829.32. 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.
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 Classic is an open-source, public, blockchain-based distributed computing platform featuring smart contract functionality. It provides a decentralized Turing-complete virtual machine, the Ethereum Virtual Machine (EVM), which can execute scripts using an international network of public nodes. Ethereum Classic also provides a value token called “ether”, which can be transferred between participants and is used to compensate node operators for resources spent on processing and securing transactions.
Ethereum, the world’s second-largest cryptocurrency by market capitalization, reached an all-time high on January 11, 2018, with a market cap of $132 billion. The price of ETH surged to $1,419.
79, following a major rally that began in early December 2017. The Ethereum network is a decentralized platform that runs smart contracts and enables developers to build decentralized applications (dapps).
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 a programmable blockchain. It allows users to create their own decentralized applications (dapps) on the Ethereum blockchain.
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference. In the Ethereum protocol and blockchain there is a price for each operation. The general ledger records these prices in ETH (Ether), the internal currency of Ethereum.
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 a programmable blockchain. It allows users to create their own decentralized applications (dapps) and run them on the Ethereum network.
