The Ethereum price today has increased by EUR in the last 24 hours. ETH is the native cryptocurrency of the Ethereum blockchain. The price of ETH is directly linked to supply and demand dynamics. The number of users on the Ethereum network, popularity of dApps, and the health of the blockchain ecosystem all play a role in the price of ETH.
Ethereum has several uses beyond trading. It can be used as a store of value and a payment method. Its blockchain provides a platform for smart contracts, which allow users to create and execute decentralized applications. Ethereum is the second-most valuable cryptocurrency platform after Bitcoin. However, its price has fluctuated dramatically since its inception.
The initial price of Ethereum was less than a penny in 2013. The Ethereum project raised nearly $1.9 million in its ICO, but it remained in a testing phase until 30 July 2015, when the genesis block was released. This launch transformed Ethereum tokens from being mere curiosities to valuable investments. Within a few weeks, the price of Ethereum traded at over one euro. It fell below that level for a few months, but gradually climbed to $1.
The Ethereum price today reflects the price of the digital currency as of 10 January 2018. The currency was worth 650 EUR at the end of 2017 and is expected to rise again in 2018. At its peak, ETH was worth 1,300 EUR on 10 January 2018, while the Ethereum to USD ratio was 1:750. It has since retraced 90% from the peak price.
Ethereum is a decentralized open source platform for creating decentralized applications. It uses smart contracts and blockchain technology to automatically enforce the terms of agreements. The Ethereum cryptocurrency is listed under the symbol ETH and is used to pay for various transactions on the Ethereum network. In addition, it can also be used as a store of value or as collateral for different crypto tokens.
Ethereum has become a popular choice for investors who wish to invest in the cryptocurrency market. It is listed on the majority of exchanges worldwide and is one of the few cryptocurrencies that is widely recognized by new investors. In the early days, the company was founded by Vitalik Buterin and eight other programmers. Buterin has been involved in crypto since 2011 and is the author of the Ethereum whitepaper.
Ethereum is the second-largest cryptocurrency by market capitalization. However, it is far from a perfect blockchain network. Its legacy blockchain suffers from high gas fees and low throughput of 15-30 transactions per second. While it has made strides in improving its network, many rivals have taken advantage of this problem.