Ethereum price history

© 2024 CoinCodex. All rights reserved. Etherium price history Ethereum’s market cap has mostly grown because of the exponential growth of the Initial Coin Offering market. Ethereum developers working round the clock to implement new technologies for improving the network has also had a direct impact on the rise in Ethereum price. 

Ethereum was first introduced through a white paper written by Vitalik Buterin in 2013. The paper talked about a blockchain network that supports the creation of smart contracts and the minting of cryptocurrencies without needing their separate blockchains. Data & Insights It took about three years for the second-largest cryptocurrency by market cap (behind bitcoin) to retest its previous all-time high price. Between February and May 2021, eth’s price more than tripled to set a new all-time high of $4,379.

Ethereum launched in July 2015. The first exchange rate of ETH detected by our platform is $2.92, the lowest price was $0.4457 in October 2015, and the highest price that Ethereum reached was $4,786 in November 2021. Ethereum gas price If you want to know whether you should or shouldn’t buy the token right now, check out its price history as well as today’s price movements on the chart. For example, the price of Ether means the correlation of 1 ETH to USD. In other words, how many US dollars you would pay to get one ETH token. Same works if you need to make an exchange from ETH to dollars. The prices may go up or down, and depending on your plans, both situations can turn out to be favorable for you.

A good example is the formation of the Ethereum Alliance in March 2017. Members of the Alliance are prominent companies like Microsoft, Mastercard, ING, and Shell. By being part of the Alliance, they expressed their confidence in Ethereum. In turn, the price of ether went through the roof that month- it’s value almost tripled! Of course, it can’t be said for sure that the formation of the Ethereum Alliance was solely responsible for this increase, but it’s effect was evident. How Does ETH Work? The price of 1 Ethereum currently costs $3,332.52.