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.
8 Related Question Answers Found
As the world’s second-largest cryptocurrency by market capitalization, Ethereum has had a pretty good year so far. In 2020, the price of ETH has more than doubled from $130 to over $300. This impressive price growth has led many to believe that Ethereum could potentially hit $1 million in the future.
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).
The Ethereum network 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 middle man or counterparty risk.
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference. Ether, also called “ETH” or “Ξ”, is the native currency of the Ethereum network. It is used to pay for gas, a unit of computation used in Ethereum.
As of July 25, 2018, 1 Ethereum is worth $406.54 USD. This value has been incredibly volatile over the past few months, and it is not clear where it will go in the future. Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference.
At the time of writing, 1 Ethereum is worth $340. 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 used to build a decentralized internet and is also used by developers to create new tokens which can be used to represent digital assets.
When it comes to digital currency, there is a lot of talk about Bitcoin. But, Ethereum is another cryptocurrency that has been gaining popularity lately. So, what is the value of 1 Ethereum?
Ethereum was invented in 2015 by Vitalik Buterin, a Russian-Canadian programmer. Buterin had proposed the creation of Ethereum in a white paper in 2013. The Ethereum network went live on July 30, 2015.
