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ETH

Ethereum Price Today - ETH Live Charts

$ 1,775.48 Ƀ 0.01889524
  • MarketCap
    $ 214,376,053,545
  • Volume
    $ 9,618,284,872
  • Change
    -1.66%
ethereumEthereum
$ 1,775.48
$ 1,775.48
1.66%
1.569,03
ETH
Ethereum (ETH)
$ 1,775.48
ETH
Ethereum (ETH)
author
author
With a background in journalism and digital marketing, Marcel is a keen crypto enthusiast and investor. A regular contributor to several crypto publications, he believes that META-based projects will soar in the coming years and is super-bullish on MeritCircle and the increase in P2E gaming platforms. Marcel is also excited about AVAX and FTM as ETH-chain alternatives, and any projects with strong utility, transparency, experience, and community marketing.
By Marcel Deer
author
With a background in journalism and digital marketing, Marcel is a keen crypto enthusiast and investor. A regular contributor to several crypto publications, he believes that META-based projects will soar in the coming years and is super-bullish on MeritCircle and the increase in P2E gaming platforms. Marcel is also excited about AVAX and FTM as ETH-chain alternatives, and any projects with strong utility, transparency, experience, and community marketing.
on January 02, 2023 | 3 min
Updated on Sep 23, 2024

Overview: What is Ethereum?

Ethereum is a decentralized software platform that employs blockchain technology to enable cryptocurrency trading and smart contracts without needing an intermediary. Its native cryptocurrency, Ether (ETH), is sometimes called Ethereum.

How Did Ethereum Start?

Russian-Canadian programmer Vitalik Buterin believed that Bitcoin’s functionality was too limited. As a result, Buterin and other founders conceived Ethereum in 2013. Development began a year later, thanks to a successful initiative that raised over $18 million worth of ETH via an initial coin offering (ICO). Finally, on July 30, 2015, the blockchain technology was launched.

What Makes Ethereum Unique?

Ethereum is often compared to Bitcoin, and it’s not hard to see why. Apart from being the two leading cryptocurrencies (with Bitcoin reigning supreme), both can be traded online and held in cryptocurrency wallets. However, what sets Ethereum apart is its multi-functionality.

Bitcoin is mainly money and a means to store value. While Ether can also be used to buy and sell services and goods, what makes Ethereum unique is that users can build their applications and run them on the blockchain, just like software runs on a computer. These applications can do things like handle complex transactions and store data.

Ethereum’s value is also boosted by benefits like anonymity, a lack of censorship, an extensive network of millions of users, low energy consumption, and highly secure transactions.

 

How Does Ethereum Work?

At the heart of the platform lies the Ethereum blockchain, a decentralized public ledger where all transactions are recorded and verified using cryptography.

 

Ledger holders, anyone participating in the Ethereum network, collectively manage the entire system. For example, no changes can be made to the blockchain until the network reaches a consensus. This trait makes it very secure.

 

To reach a consensus, Ethereum uses the proof-of-stake algorithm. It’s a network of validators who work together to create new blocks and verify the data they hold. This information includes details about the state of the blockchain, transactions, validators’ signatures, votes on the block’s validity, and more.

 

To recap earlier points, the platform’s purpose also allows cryptocurrency trading and smart contracts, buying and selling of goods, and running thousands of financial apps, games, and even other crypto coins on top of the Ethereum blockchain.

How is the Price of Ethereum Determined?

The Ethereum price is determined by supply and demand. Here are the main factors which influence that:

  • Blockchain Reputation: If news about Ethereum is positive, the market will respond well but unfortunately, the opposite is also true.
  • Bitcoin Domination: Bitcoin directly impacts the value of other cryptocurrencies. For example, when the value of Bitcoin rises the price of other cryptos tends to increase proportionally.
  • NFTs: Non-fungible tokens (NFTs) are cryptocurrency types that run on the Ethereum blockchain. The number of trades made can affect the value of ETH.
  • Regulations: Favorable regulations can encourage crypto value while restrictive policies may decrease demand.
  • Platform Updates: The upgrade from Ethereum 1.0 to Ethereum 2.0 introduced more trust in the cryptocurrency by improving the platform’s scalability, security, and efficiency.
  • Macroeconomic Events: Global financial events can sway investor sentiment, and this can cause price fluctuations in the cryptocurrency market.

Where Can You Buy Ethereum (ETH)?

You can purchase Ethereum directly from crypto wallets or exchanges, or trade Ethereum derivatives with traditional CFD brokers. Almost all CFD brokers offering crypto will offer trading in an Ethereum CFD. Start by choosing a reputable platform and doing your due diligence. Next, create an account and deposit funds. At this stage, you can now purchase Ethereum and other crypto coins via the platform’s exchange. After buying, you can withdraw crypto into a wallet or your bank account.

Most frequently asked questions about Ethereum

Is buying ETH a good investment?

Ethereum is a safe long-term bet considering it is the second-largest cryptocurrency in the world and represents nearly 20 percent of the $1.1 trillion crypto market.

What will be the price of Ethereum in 2025?

My Ethereum price prediction for 2025 states that one Ethereum coin will have a minimum price of $4,500 and an average price of $7,630.

Does ETH have a good future?

Ethereum’s versatile ecosystem, which includes trading, DApps, NFTs, smart contracts, DeFi, and more, ensures that ETH will continue to prosper.

Should you invest In Bitcoin or Ethereum?

This is a matter of personal preference, but generally, Bitcoin is considered more established, making Ethereum slightly riskier. However, higher risk also comes with potentially higher rewards.

What are the negatives of Ethereum?

There are scalability challenges, but the most significant issues include expensive transaction costs and the fact that Ethereum is constantly lagging behind Bitcoin.

 

author
About Marcel Deer
With a background in journalism and digital marketing, Marcel is a keen crypto enthusiast and investor. A regular contributor to several crypto publications, he believes that META-based projects will soar in the coming years and is super-bullish on MeritCircle and the increase in P2E gaming platforms. Marcel is also excited about AVAX and FTM as ETH-chain alternatives, and any projects with strong utility, transparency, experience, and community marketing.
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most-bridged-usdc-aleph-zeroMost Bridged USDC (Aleph Zero)
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morph-l2-bridged-usdc-morph-l2Morph L2 Bridged USDC (Morph L2)
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force-bridge-usdcBridged USD Coin (Force Bridge)
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edu-chain-bridged-usdc-edu-chainEDU Chain Bridged USDC (EDU Chain)
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nova-usdcNova Merged USDC (zkLink)
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multichain-bridged-usdc-moonbeamMultichain Bridged USDC (Moonbeam)
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energi-bridged-usdc-energiEnergi Bridged USDC (Energi)
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cardanoCardano
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1.82%
binance-peg-busdBinance-Peg BUSD
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binance-usdBUSD
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