Ethereum's Market Capitalization.

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On November 9, 2021, Ethereum (Ether) had the largest market capitalization at $571.67 billion. The market capitalization of a cryptocurrency is calculated by multiplying the total number of coins or tokens in circulation by the cryptocurrency's current price.

On August 8, 2015,

Ethereum's market value was $80 million. Ether initially crossed the $1 billion threshold on March 12, 2016.

The market value of Ether was significantly below $200 billion from 2015 to January 2021, but starting in February 2021, it rose at an unparalleled rate, temporarily surpassing the $500 billion barrier on October 21, 2021.

With a price of $4,815 on November 9, 2021, Ethereum momentarily attained its highest market capitalization of $571.67 billion.

The appeal of Ethereum stems from its capacity to create and develop new tools, applications, DeFi (decentralised finance), smart contracts, and NFTs. Ethereum is being enhanced by systemic technology advancements. Ethereum has gained popularity not only among internet users and cryptocurrency enthusiasts but also among major corporations. In April 2021, JP Morgan Chase, UBS, and MasterCard announced that they were investing $65 million into ConsenSys, a software development company that creates infrastructure related to Ethereum.

The Price History of Ethereum (2013–2023, USD)

* Share * Sector: Cards & Payments * Present: Other Sector Indicators * Ethereum was initially conceived in 2013 * The native coin of Ethereum is called ether (ETH). Ethereum temporarily hit $4,815.01, its highest price, on November 9, 2021.

Ethereum Prices: Daily Updates

August 7, 2013 – January 8, 2023, $) Ethereum Prices

2016–2018, 2020–2022

0 $1,000, $2, $300, $400, and $5,000

1,264.84

Printed in January of 2023 The CoinGecko source

The History of Ethereum

The first idea for Ethereum was conceived in 2013, and Vitalik Buterin provided an introduction to the platform in 2014. However, by 2014, Vitalik Buterin had been joined by Anthony Di Iorio, Charles Hoskinson, Mihai Alisie, Amir Chetrit (the first 5), Joseph Lubin, Gavin Wood, and Jeffrey Wilcke as co-founders of Ethereum.

Ethereum is an open-source software platform built on the principles of blockchain technology. The main advantage of Ethereum is that it makes it possible for programmers to design and execute decentralised applications. On Ethereum, developers can create a variety of applications.

Ethereum currently employs a consensus method known as proof-of-work. This implies that adding more bricks to the chain requires resolving a challenging challenge that uses a lot of processing resources. Using computational resources to solve the riddle "proves" that you have completed the "work". Mining is the term for doing this. Adding a block is rewarded with ETH, however mining is usually done by brute force trial and error.

Ethereum's native cryptocurrency is called ether (ETH). Ether is meant to provide a market for computation. Ethereum is the network, and in order to operate it—that is, to solve puzzles, complete transactions, and implement smart contracts—one needs a computer. The size of the task determines this computing power (executed on the network),

, hence the appropriate transaction fees must be paid to every individual (or group of individuals) who wants to offer their computer skills. Ether, the cryptocurrency asset that interested parties buy and sell, is used to satisfy this charge.

Ethereum sets itself apart from other cryptocurrencies by functioning as both a software network and a virtual asset.

History of ETH prices:

Using the transaction hash of block 46147, the first Ethereum transaction was completed on August 7, 2015.

Since its founding in 2015, Ethereum has mostly traded below $1. However, in March of 2016, Ether broke the $10 threshold, momentarily hitting $10.03 on March 4, 2016.

Ether became more well-known by 2017 and hit the $100 threshold in May of that year. Ether peaked in value at $774.69 at the end of 2017 and broke the $1000 barrier in the first week of 2018.

Following the extraordinary surge, Ether was also engulfed in the 2018 cryptocurrency crash, commonly referred to as the bitcoin crash, and by the end of the year, its value had dropped to less than $100 per token.

After a second upswing from 2019 to 2021, Ether hit its peak price of $4,815 on November 9, 2021.

Ether had lost value over the first half of 2022.

Since its launch in 2015, Ethereum has significantly improved its blockchain technology.