After Bitcoin, Ethereum is the second most popular cryptocurrency in the world. ETH is, as many analysts claim, a true pioneer of the cryptocurrency industry. It was the ETH that used the so-called "smart contracts" (smart contracts) for the first time. They have contributed to the emerging of many other cryptocurrencies and to the general development of the market. Because of its good market capitalization, modern technological solutions and price stability, Ethereum is a type of investment that traders choose very often. Are you on the lookout for the latest information about the Ethereum rate? You've found the right place, then! In the "ETH - Ethereum course, Forecast and Quotations" tab you will find reliable information about Ethereum.Ethereum is a cryptocurrency created relatively recently, in 2015. It was created by a Canadian developer of Russian origin - Vitalik Buterin. Some novice investors do not know that a cryptocurrency operating on a blockchain infrastructure is not called Ethereum, but actually Ether. In the cryptocurrency industry, these names are often used interchangeably. It is worth knowing that at the very beginning Buterin did not really intend to create a new cryptocurrency, but to improve Bitcoin. His ideas, though, did not meet the enthusiasm of the industry. For this reason, the developer decided to create his own cryptocurrency in 2013. In November 2013, Ethereum white paper was published describing the innovative technology. Currently, it is the second cryptocurrency in terms of the market capitalization.How did the Ethereum rate look like at the beginning? Most certainly, Ethereum's quotations were not admirable at the time. When Ether began to be listed on the stock markets in 2016, its value was estimated at just 8.13 dollars. The situation began to change slowly in 2017, when we could admire the sudden increase of the value of the coin. Year 2017 the token ended with a result of $722,14. In January 2018 Ethereum, just like other coins, achieved its ATH (all time high - the highest score in history) as its price amounted to 1098.36 dollars.Many investors, besides the Ethereum price, need additional information about ETH forecasts. What is the Ethereum forecast like? Analysts are doubtlessly divided on this point. In 2019, the coine will be upgraded to the Ethereum 2.0 version. Therefore, some people predict that Ethereum price may reach as much as USD 1,200 by the end of the year. There are also pessimistic forecasts as well - some traders claim, that despite the temporary increase in Ethereum prices, they may fall quite fast just like it was at the turn of 2017 and 2018. It does not change the fact that Ethereum is still valued in the cryptocurrency industry, in which both experienced and novice investors willingly invest.
Bitcoin’s (BTC) market capitalization went higher than $800 billion after a 13% rise in two days. This is the highest value that has reached in the last 79 days. During this time, Ether (ETH) gained a 45% profit in two weeks-time by putting the network’s market capitalization at $340 billion.
Bitcoin and majority of altcoins are almost in an overhead resistance level proving that the downtrend is near to an ending. Bitcoin (BTC) has arranged a smart recovery in the last few days and the interest related to the Crypto sector seems to be getting ahead. JPMorgan Chase has included access to a new Bitcoin Fund built by New York Digital Investment Group (NYDIG) for its own private banking clients.
The present burn rates, 2.3 ETH per minute, or $6,600 is going down. To be exact 2.3 ETH is being burned every now and then due to the new transaction fee mechanism brought in by Ethereum’s London upgrade on August 5.
It looks like Ethereum (ETH) is going to follow Bitcoin (BTC) which recorded a price fall for the third session in a row. The value of ETH, however, goes down much more rapidly as since yesterday the price of the coin has dropped by over 10%. What comes next?
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