A few years ago, only tech experts were talking about cryptocurrencies. Today, you can hear ordinary people who have used the Internet only for sending emails and social media communication talking about this phenomenon and considering the investment options they have. Besides Bitcoin, there are a few other well-established digital currencies out here and Ethereum is one of them. In case you didn’t know, Ethereum is a public, open-source computing platform based on blockchain technology. So, the real name of the currency is Ether and Ethereum is the platform behind it. People are able to transfer Ether between accounts and there is no centralized body behind it.
If you are thinking about investing in Ethereum, you have to learn more about Ethereum price. By checking the history of its value and price, you will be able to make a more logical investment decision.
So, the development of this cryptocurrency was funded with the help of an online crowdsale back in 2014. The initial release was in 2015 when Ethereum became available to ordinary users. Thanks to Vitalik Buterin, the mastermind behind this currency, the interest in Ethereum was quite high. They were able to sell hundreds of coins in the first few days.
A few months after its release, the price of Ethereum has reached 1 dollar for the first time. By the end of the summer in 2015, the price was tripled, and people could buy Ethereum for $3. But, due to unknown reasons, the Ethereum price went down at the end of the same year and settled around one dollar. 2016 was even better for this sophisticated digital currency. This was the first for Ethereum to reach over $10. This entire year the value of Ethereum was around $10. The something unexpected happened in 2017. After the slow start in the first three months, Ethereum started increasing rapidly (even faster and earlier than Bitcoin).
For example, in April 2017, Ethereum price was $50. In May, the price reached 150 dollars. The next month, the price has doubled. Yet, the most impressive increase has happened in December 2017 and January 2018. In December, the price went to $800 and in January it reached $1400. However, ever since then the price is dropping and at this moment, people can buy Ethereum for $400.
It is really hard to predict the future of Ethereum’s value, but these charts can definitely help you get a better picture.
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