Here’s a quick overview of key facts about Ethereum and its core blockchain features: These properties allow Ethereum to facilitate decentralized trading of digital assets via decentralized exchanges, allow the gaming sector to make use of unique digital items in the form of NFTs, and lay the foundation for various borrowing, lending and trading applications that aim to challenge offerings of their traditional finance counterparts. Beyond immutable, transparent and secure value transfers, the Ethereum platform can facilitate the operation of additional blockchain-powered products and services thanks to its smart contract functionality, and support for fungible and non-fungible tokens (NFTs). While Bitcoin can be credited with kickstarting the cryptocurrency revolution, Ethereum can be credited with taking the concept of a distributed public ledger to new heights. The Ethereum team raised approximately $16 million worth of BTC during the ICO campaign.
The digital currency used by the participants to purchase ETH was Bitcoin. In order to fund the early stages of development, the Ethereum team sold ETH tokens in an initial token offering (ICO) that took place between June and August of 2014. The open-source cryptocurrency project was initially proposed by a Russian Canadian programmer Vitalik Buterin. In terms of market cap, Ethereum is currently ranked #2 in the Proof-of-Work Coins sector, ranked #1 in the Proof-of-Stake Coins sector and ranked #2 in the Layer 1 sector.Įthereum is a decentralized, Layer 1 smart-contract blockchain network that was launched in July of 2015. The current yearly supply inflation rate is -0.41% meaning -500,527 ETH were created in the last year. The Ethereum price prediction sentiment is currently bullish, while Fear & Greed Index is showing 49 (Neutral).Įthereum's current circulating supply is 120.43M ETH.
The highest ETH price since the last cycle low was $ 2,136.36 (cycle high). The lowest price since it's ATH was $ 897.01 (cycle low). The ETH price increased 2.27% in the last 24 hours.Įthereum reached its highest price on when it was trading at its all-time high of $ 4,867.17, while Ethereum's lowest price was recorded on when it was trading at its all-time low of $ 0.420897. Ethereum price today is $ 1,834.97 with a 24-hour trading volume of $ 16.82B, market cap of $ 220.98B, and market dominance of 19.48%.
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