Price of ethereum today

Ethereum is a decentralized blockchain platform that facilitates the development and implementation of decentralized applications (DApps) and smart contracts, with the ultimate goal of offering an alternative to centralized systems. Transaction fees are paid for using Ether (ETH), the platform's native coin, while the cost of transactions is regulated using an internal pricing mechanism called gas. How much is ethereum now Ethereum went live in July 2015 and didn’t see a significant appreciation in its value up until 2017. The late-2017 and early-2018 bull run saw it touching new heights, breaching the $1400 mark for the first time ever. This was the time when many new ICOs (Initial Coin Offerings) were getting launched on the Ethereum network. Then a major pullback followed in 2018, wiping off most of its gains and plummeting the coin to below the $100 level. 

A good example is the formation of the Ethereum Alliance in March 2017. Members of the Alliance are prominent companies like Microsoft, Mastercard, ING, and Shell. By being part of the Alliance, they expressed their confidence in Ethereum. In turn, the price of ether went through the roof that month- it’s value almost tripled! Of course, it can’t be said for sure that the formation of the Ethereum Alliance was solely responsible for this increase, but it’s effect was evident. Key Turning Points Cryptocurrencies can be sent or received anywhere in the world, and may offer a lower-cost alternative to bank wires or even ACH payments. Funds sent using ether may clear very rapidly. This speed of cleared payment can be very important, since checks or electronic transfers can often take 14-30 days to clear. Funds sent overseas also eliminate the need for currency conversions, since ether is the exact same whether it is in Canada or Japan.