Ethereum comes in second place globally in terms of popularity, price, and total market value after Bitcoin. Ethereum was first launched in August 2015 and joined the group of digital currencies competing with Bitcoin. Since then, Ethereum has witnessed rapid and continuous growth and development.
The term Ethereum currency is commonly used, but Ethereum is a special name for the network or blockchain itself on which all cryptocurrency transactions are conducted, processed and stored, while the currency of the Ethereum network is Ether Performance Development $ETH
At the beginning of trading, the price of Ethereum when it was launched in 2015 and until February 2016, its price ranged between 1 and 2 dollars, and its total market value was about 3 million dollars, but since then the price of Ethereum has witnessed a noticeable rise thanks to the increased interest in this currency and its adoption by a number of people. A large number of investors, and in March 2016 its price reached the level of $10.
In 2017, Ethereum witnessed a significant increase in its value, as it exceeded the $100 barrier, then it began its journey towards an accelerated rise and ended the year 2017 at the level of $813, then in January 2018 its value exceeded a thousand dollars for the first time, and recorded its highest historical price in November 2021. The price of the currency reached $4812.
At a time when everyone expected the continued rise of cryptocurrencies, including Ethereum, the year 2022 witnessed a sharp decline in the cryptocurrency market, and Ethereum lost about 66% of its value, and at the end of the year it was trading at $1,254, then it returned to the rise again in 2023. But it did not return to the historical levels it achieved in 2021
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