You’ve likely heard of Ethereum, one of the most popular cryptocurrencies out there.
But have you ever wondered how its price has evolved over the years?
In this article, we’ll take a look at Ethereum’s price history timeline, from its launch in 2011 all the way to its current market recovery.
We’ll explore the highs and lows of its journey, from its 2017 bull run to its 2018 bear market, and beyond.
So, without further ado, let’s dive right in and take a look at Ethereum’s price timeline.
2011 – Launch of Ethereum
Ethereum had a groundbreaking launch in 2015, revolutionizing the way we think about blockchain technology. It was the first of its kind to use a blockchain-based platform, allowing developers to create and execute applications and contracts without the need for a third-party intermediary.
Ethereum quickly rose in popularity and value, becoming the second largest cryptocurrency by market capitalization in 2017. It was the first platform to offer smart contracts, allowing users to securely transfer assets without the need for a trusted third party.
Ethereum’s value has waxed and waned over the years, but its underlying technology has remained largely unchanged and continues to provide a robust platform for developers to create and deploy decentralized applications.
2017 – The Bull Run
You’ve reached the seventh chapter of this exciting journey, the Bull Run! Let’s explore what happened during this period and how it impacted the crypto world.
The Bull Run began in late 2020, and Ethereum saw its value increase exponentially. Ethereum hit an all-time high of $1,448 in January 2021, a significant increase from the $0.30 it was trading for at the beginning of the Bull Run.
This massive increase in value was due to the increased acceptance of cryptocurrencies and the rise of decentralized finance. The Bull Run also saw the launch of many new projects built on Ethereum, such as DeFi, NFTs, and stablecoins. This spurred even more growth in the Ethereum network and pushed its price even higher.
The Bull Run ultimately ended in April 2021, with Ethereum trading at around $2,000.
2018 – The Bear Market
The crypto world was rocked when the Bear Market hit, bringing Ethereum’s value down and leaving investors questioning what would come next.
From its all-time high of $1,448 in mid-January 2018, the Ethereum price fell to $83 in mid-December 2018, a 94% decrease.
Ethereum was also not alone in its downfall, as the entire cryptocurrency market experienced a major correction.
This Bear Market lasted until the beginning of 2019, when Ethereum began its slow and steady recovery.
Investors and traders alike have taken this Bear Market as a lesson, with many choosing to take a more cautious approach to investing in Ethereum.
Many are now taking a longer-term view of the market, which has led to a more stable and reliable price.
Despite this, Ethereum is still highly volatile, and investors should be aware of the risk associated with investing in cryptocurrencies.
2020 – Record Highs
You recently may have heard about Ethereum’s incredible success, setting new all-time highs in 2021! This remarkable feat was the result of a long series of events that began in 2015.
Ethereum was first proposed by Vitalik Buterin, a programmer and a co-founder of Bitcoin Magazine. The concept of Ethereum was revolutionary as it proposed the use of ‘smart contracts’ which would facilitate transactions without the need of a third-party.
In 2015, Ethereum was released for public use and the rest is history.
In 2021, Ethereum’s price surged to unprecedented levels, with the Ethereum token (ETH) reaching an all-time high of $3,541. The price increase was fueled by the increased demand for decentralized finance (DeFi) and non-fungible tokens (NFTs). Additionally, investors have been attracted by Ethereum’s potential for long-term growth as the Ethereum blockchain continues to develop and scale.
Ethereum’s success has been truly remarkable and it’s set to continue to dominate the cryptocurrency market for years to come.
2021 – Market Recovery
As the cryptocurrency market continues to recover, Ethereum’s success has been a beacon of hope for many investors. Ethereum had hit an all-time high of $1,377.65 in January 2018, before experiencing a large and sudden drop.
Following the market dip, Ethereum has since followed a slow and steady path towards recovery, with steady and consistent gains being seen over the course of the year. This trend has continued into 2019, where Ethereum has seen its price hover around the $200 mark. This gradual increase in price has been a source of encouragement for investors, with many believing that the currency has the potential to break its previous records.
Ethereum’s sustained success has made it one of the most popular cryptocurrencies on the market and has cemented its place as the second-largest cryptocurrency by market capitalization.
Conclusion
You’ve come a long way in understanding the Ethereum price history timeline. From its launch in 2011, to the bull run in 2017, the bear market in 2018, and the record highs in 2020, it’s been an exciting journey.
The volatility of the cryptocurrency market is unpredictable, but Ethereum has proven that it can withstand the storm. With the right knowledge and strategy, you can make wise investment decisions and hopefully join in the success of Ethereum.
