20-12-20243 min read
Ethereum price (ETH)
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Data provided by CoinGecko
Ethereum price history
Since Ethereum made its introduction in 2015, the price has been on a rollercoaster reaching its peak in 2021. During that year, the number two crypto hit its all-time-high at $4000. With the Ethereum network filling up and Project Serenity on its way, the future of Ethereum (and its price) are looking bright!
But how is this price determined? Simply put, the same way that all prices of a product are determined. By supply and demand. That means that when there are more buyers than sellers, the price goes up. Same goes for the other way around, if there are more sellers than buyers, the price goes down.
Whitepaper of Ethereum
The whitepaper of Ethereum was written in 2013 by Vitalik Buterin. Buterin is a 26 year old Russian programmer who was involved with the Bitcoin community since 2011. He wanted to create a new platform with less mining resources on which decentralized applications could be created. Vitalik’s idea was the start of Ethereum.
Historic ROI
1 year
66.59%
3 years
-4.49%
5 years
2,789.55%
Price (Month)
Lowest
€2,916
Highest
€3,842
Ethereum Market
Marketcap
€400 Billion
Circulation
120 Million
Volume 24h
€65 Billion
Dominance
11.80%
Trustpilot
Environmental impact
The transition to the Proof of Stake mechanism reduced the energy consumption of the Ethereum blockchain by 99.95%.
Since 2015
The Ethereum blockchain has been live since 2015
1.3 million transactions
An average of more than 1.3 million transactions per day take place on the Ethereum blockchain
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Ethereum statistics from the last 24 hours
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Latest news about Ethereum
20-12-20242 min read
19-12-20244 min read
More info about the price of Ethereum
Ethereum crowdfunding
To introduce Ethereum the founders of the platform started a crowdfunding on the 22nd of July 2014. During this funding round, people could buy Ethereum for 31 cents (USD) a piece. The funding was a big success because the organization gathered enough to launch on July the 30th, 2015.
Reaching market cap of one billion dollars
Two years after the launch of Ethereum the platform reached a market cap of one billion dollars! At that time the price of one Ethereum was around 10 dollars. In just two years’ time, the price had increased with 3200%! People were starting to put their faith in the project.
DAO hack
Unfortunately, one month after reaching a market cap of one million dollars (June 18th 2016), 55 million dollars’ worth of ether were stolen from the DAO (Decentralized Autonomous Organization). This hack happened due to a weakness in one of the smart contracts. In a smart contract, the rules of a certain agreement are set in the code. One of these rules was exploited. As you can imagine, the price dropped significantly as 55 million dollar worth of ether were siphoned away. The DAO hack resulted in a rewind of the blockchain, reversing the event so the smart contract could not be deployed. This caused a fight in the community. The blockchain should be immutable, error or not. This al resulted in a hard fork, separating it into Ethereum and Ethereum Classic.
How is the Ethereum Price influenced?
Different factors could influence the value of Ethereum. As mentioned before, supply and demand form the basis of any product. The product becomes more popular, more people want to buy Ethereum, the value increases. Besides supply and demand, the product itself can influence the overall reception of the crypto. DeFi and ERC-20 may not have a direct effect on the price, its overall functionality speaks in Ethereum’s favor.
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