The second largest cryptocurrency in the world, after Bitcoin, is Ethereum. It is also known as a “crypto-fuel”, or virtual coin that can be used to execute smart contracts. The price of Ethereum has been on a roller coaster ride for the past couple of years, with many ups and downs that have caused many investors to lose money in the process. In this article, we will discuss how the price of Ethereum has done over time from its initial coin offering to the current price as well as what factors are affecting its price today
This explains how the price of Ethereum has done over time
Ethereum was launched in 2015. It’s an open-source blockchain platform that enables developers to build decentralized applications (Dapps). Dapps are basically smart contracts, which allow for peer-to-peer interactions between users and machines on the network.
from its initial coin offering to the current price
The first step to understanding the price of ether is to understand how it came about. Ether was created in 2014 by Vitalik Buterin, a 19-year-old Canadian programmer who wanted to create a new internet platform on which users could build decentralized applications and exchange money.
The initial coin offering (ICO) for ether started at $0.20 per token—a small fraction of its current value and grew exponentially over time as more people bought into this new digital currency that could be used for anything from buying goods online or sending money via email or social media platforms like Facebook and Twitter; however, many investors were skeptical about whether they would ever see an increase in value so high as $200 per coin by 2020 (the date when Ethereum founder Vitalik Buterin predicted all cryptocurrencies would reach their peak).
as well as what factors are affecting the price
Ethereum is a cryptocurrency that was created in 2015. It’s based on blockchain technology and it can be used to access decentralized apps (DApps), also known as “smart contracts.”
Ethereum is one of the most popular cryptocurrencies in terms of market cap, along with Bitcoin and Litecoin. The price of Ethereum has increased by about 10x since its launch in 2015!
The Ethereum price is controlled by many factors, which makes it volatile
The Ethereum price is volatile, which means that it can fluctuate widely in a short period of time. For example, if you had bought Ethereum at $250 on January 1st and sold it for $300 two weeks later on January 15th, your profit would have been 50%. However, this does not mean that the price will stay at this level forever; in fact, the cryptocurrency tends to rise or fall over time based on many factors including supply and demand from traders who want to buy or sell their coins.
The most important factor affecting the price of Ethereum is its popularity as an investment vehicle or currency—if people are buying more than they’re selling (which happens often), then there will be a higher demand for Ethers and thus higher prices overall (and vice versa). If this happens often enough over time periods like months or years then we might say investors are selling off their holdings rather than buying them back again after making some profit through trading activities themselves!
Ethereum has been a very successful project, but its price has fluctuated dramatically over time. The biggest factor driving this volatility is the token itself: it’s designed to be used as fuel for a new type of blockchain that runs smart contracts and DApps. This makes Ethereum an important part of blockchain technology today, though it’s unclear whether the price will stay high or continue dropping over the next several years.