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The Price of Ethereum (ETH)
Ethereum, a decentralized platform designed to run smart contracts without the risk of downtime, censorship, interference or fraud, first went live in July of 2015. Growing at a faster rate than Bitcoin did initially, the ETH to USD rate hit the one-dollar mark by August and stayed consistent until December of that same year.
Ethereum Price History
By January of 2016, investors were starting to see their low key investment pay off, with the Ethereum price steadily increasing from $1 to around the $10 mark. However, by the middle of the year, it wasn’t uncommon for Ethereum price charts to show $18. It was clear to see the price of Ethereum was only going to grow.
However, due to a discovered exploit during The DAO – a crowdfunding effort through Ether in June of 2016, millions of Ethereum were taken from the crowdfunding pool by hackers, leading to a dramatic drop of the Ethereum price in USD to $11.
It would then take eight months for the Ethereum to USD price to recover to that previously hit $18 milestone. However, good things take time, and by June 2017, investors were rubbing their hands together in anticipation of another “Bitcoin” scenario where the price went unbelievably through the roof. While not quite to the same extent, the Ethereum to USD rate was now sitting at $350 and had capped at just below $400. If you invested only $1,000, you would now have close to half a million dollars in our bank account.
Ethereum (ETH) to USD Price
The Ethereum to USD value was finicky, with highs and lows leading investors to pull their money out or consider many of the other initial coin offerings available. If you stuck it out, however, you’d be in for a big surprise.
By January 2018, Ethereum price charts showed the Ethereum price in USD to be just over $1,400, an increase of 60 percent in only one week, and 13,000 percent since its inception. Ethereum’s co-creator, Steven Nerayoff, believes investors can expect that price to be double or triple what it was in 2018.
The Future Price of Ethereum (ETH)
If you’re unsure as an investor or an investor-to-be how to take advantage of this dramatic increase, it’s worth checking out the Ethereum price live, as well as the Ethereum price history on an Ethereum price exchange. Both can give you an accurate depiction of trends, as well as an Ethereum price graph that shows you whether the time is ripe to buy or sell.
If you’re still on the fence, take a look at the Ethereum price chart of all time. In its short three-year life, it has been on a steady staircase increase since 2017, and while the Ethereum price now is still short of its peak, time can only tell what the future will bring for this highly profitable form of cryptocurrency, and its high-tech blockchain and application system. Ethereum is the world’s second-largest form of cryptocurrency by market capitalization and has a value of $131.5 billion.