Assets, Ethereum

When Did Ethereum Hit $1?

Ethereum, the world’s second largest cryptocurrency by market capitalization, hit $1 for the first time on January 19, 2018. The cryptocurrency, which was trading at around $10 in early 2017, surged to a record high of $1,419.

79 on January 13, 2018 before correcting lower.

The rally in Ethereum was driven by a number of factors including the launch of a number of new projects built on the Ethereum blockchain, increasing interest from institutional investors, and a general increase in the price of cryptocurrencies.

NOTE: WARNING: Investing in cryptocurrencies involves a high degree of risk and is not suitable for all investors. Before deciding to invest in Ethereum, it is important to understand the risks associated with it. Investing in cryptocurrencies can be highly volatile, and the value of Ethereum may suddenly drop or increase without warning. Additionally, Ethereum and other cryptocurrencies have been subject to fraudulent activities and hacking attacks that have resulted in large losses for investors. Therefore, you should only invest an amount that you are willing to lose.

While Ethereum has pulled back from its all-time high, it is still up significantly from its early 2017 levels and is currently trading at around $700. Given the current momentum in the cryptocurrency markets, it is possible that Ethereum could once again reach $1 in the near future.

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