Assets, Ethereum

What Is Ethereum Price Today?

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 public blockchain-based platform that uses ether as its currency. The smart contract functionality of Ethereum 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 middle man or counterparty risk.

The Ethereum project was initially proposed by Vitalik Buterin in 2013. He was later joined by others on the core development team including Mihai Alisie, Anthony Di Iorio, and Charles Hoskinson.

The Ethereum Foundation was created in July 2014 to fund the development of the Ethereum protocol.

The price of Ethereum today is $1,218. Ethereum’s price has been on a rollercoaster ride over the past year, peaking at over $1,400 in January 2018 before crashing to less than $400 by June 2018.

The price has recovered somewhat since then and is currently hovering around the $1,200 mark.

NOTE: This question is asking about the price of cryptocurrency, Ethereum. Cryptocurrency is a highly volatile asset class and its prices are subject to rapid changes due to speculation, news and other factors. Therefore, when seeking information about Ethereum’s price today, it is important to be aware that prices can change quickly and dramatically. It is recommended that you only use reliable sources when seeking up-to-date pricing information.

What is driving the price of Ethereum? One factor is certainly the overall market conditions for cryptocurrency. After the euphoria of 2017’s bull run, prices have come back down to earth in 2018 and are currently consolidating at lower levels.

This is typical behavior for nascent markets and it’s likely that we’ll see further UPS and downs in the price of Ethereum as the market matures.

Another factor driving the price of Ethereum is the increasing use of smart contracts on the platform. A smart contract is a computer program that automatically executes transactions when certain conditions are met.

For example, a smart contract could be used to automatically release funds from escrow when buyers receive goods they have purchased from sellers.

As more and more businesses and organizations start using smart contracts, the demand for Ethereum will likely increase, which should lead to higher prices. So far, major companies such as Microsoft and JPMorgan Chase have been experimenting with Ethereum smart contracts, and it’s only a matter of time before mainstream adoption starts to take off.

The current price of Ethereum is $1,218. However, given the factors mentioned above, it’s possible that we could see prices rise higher in the future as adoption of the platform increases.

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