🌐A look back in time ✔️Ethereum Price History & Events Timeline
Mon Sep 26 2022
➰Today everyone speaks about Ethereum's merge
The Ethereum project was founded in late 2013 by Vitalik Buterin through a whitepaper. Together with Mihai Alisie, Anthony Di Lorio and Charles Hoskinson at a Miami Bitcoin conference in late January 2014.
➰A crowdsale was conducted to fund the development of Ethereum project.
The campaign ran from July to September in 2014, selling over 60 million Ethereum.Ultimately, the presale raised $18.3 million to fund the development of Ethereum
It was a huge success. It was the largest cryptocurrency crowdsale at that time and the second funded project in history, taking only 42 days to reach that which took years for the first project.
Let’s Research the Price History☺️
💎July 22, 2014
The Ethereum Genesis sale goes live, after over six months of hard work.
Within the first 12 hours, over 3,700 BTC were raised for more than 7 million ETH, or about $2.2 million in fiat terms. The sale was considered a huge success.
ETH Price: $0.311
💎July 20, 2016
The DAO fork occured at block 1,920,000 in response to the DAO hack, where over 3.6M ETH were drained due to a smart contract vulnerability. This caused some division, and some miners who refused to fork formed Ethereum.
ETH Price: $12.45
💎Jan. 10, 2018
The price of Ethereum hits an all-time-high of $1,417 and is up an incredible 13,000% in a year. The ICO craze drove up prices as DApps build and raise funds on Ethereum. Over $1 billion was reportedly raised by ICOs in December 2017.
ETH Price: $1,255.82
💎Nov. 16, 2021
Ethereum hit the current
ATH, an increase of over 550% since the start of the year. 2021 also saw the explosion of NFTs into the forefront, and DeFi protocols on Ethereum saw a 660% growth to hit $122B in total value locked.
ETH Price: $4,891.70
💎Aug. 11, 2022
Goerli, the third and last public testnet, successfully switched over to the PoS consensus mecha-nism-considered the last dress rehearsal before the long-awaited Merge.
It is considered the most significant upgrade in Ethereum's history so far.
ETH Price: $1,881.22
💎In June 2022
Ethereum plunged below the major $1K level amidst the crypto bear market.
However, news of the confirmed launch date of the long-awaited Merge saw ETH rallying close to 100% in August in anticipation of the event.
Ethereum co-founder Vitalik Buterin said the network would only be 55% complete after the Merge, and detailed the vision for future upgrades-the catchy-sounding "surge" "verge" "purge" and "splurge"
Whether the Merge and future scalability upgrades would successfully roll out remains to be seen, but many ethereans and crypto participants are optimistic.