Looking for a different cryptocurrency than bitcoin? Ethereum might just be what you’re looking for! Why are so many people enthusiastic about this project?
Well, it’s mainly caused by two things: its price (loads of people gained a lot of money from investing in ether), and the very promising developments that are going on regarding the Ethereum network. On this page we’ll take a closer look at the price developments over the past couple of years.
First things first to prevent confusion; with Ethereum we’re referring to the entire network, and when we mention ether, we are talking about the cryptocurrency that runs on the Ethereum network. You’re welcome ;)
Is it a good moment to get in?
Here you can view the most important statistics from the last 24 hours
24 hrs. Ago
24 hrs. High
24 hrs. Low
24 hrs. Change
Use these numbers to get a better picture of the ether market
24 hrs. Volume
ETH market cap
Ethereum return on investment
Discover how much ethereum has risen or fallen over the years
Historical ethereum price
It’s also useful to follow the historical price of ether. Check out this fancy overview in which you can adjust the range yourself. Compare days, months or even years with each other. Looking for that special date, for example your wedding date? The choice is yours.
How is the ethereum price established?
Very briefly: through supply and demand. But what determines the supply and demand of Ethereum? Sit back and relax, because we'll explain it to you below!
Demand: applications on Ethereum
Ethereum is a network on which developers can build anything. Does the demand for these applications increase? If so, this will have a positive effect on the Ethereum price.
With Ethereum, you can, for example, issue your own tokens, build applications or participate in DeFi.
DeFi stands for decentralised finance. Using this, you can do everything you can do at a bank or exchange, but without intermediaries. Think, for example, of borrowing and lending coins, in order to earn interest on them.
A large part of DeFi is built on Ethereum. Therefore, if DeFi grows as a sector, it could have a positive effect on Ethereum.
Demand: feel the #FOMO
Do you know that feeling? Your friend or colleague shows you his vault in BLOX, and his Ethereum has increased by 30%. You want that too!
That feeling is also known as FOMO: Fear of Missing Out. If prices are rising fast, a hype is created. Everyone wants to buy at the same time in order to benefit.
This effect occurs with Ethereum but also with other coins. It's attractive to enter the market, but pay attention. What goes up quickly can also go down quickly.
Supply: it's complicated
Ethereum theoretically has an unlimited supply. At the beginning, it is not determined how many coins will be in circulation. This makes Ethereum less scarce than bitcoin.
But an update in 2021 has changed this. With each block of transactions, a portion of Ethereum is burned. This means that these coins will be removed from circulation forever.
Utimately, fewer Ethereum should become available. And that's benificial for the price, because it makes Ethereum more scarce.
However, it's complicated. The amount of ETH that is burned varies from one transaction block to another. That makes the supply of Ethereum difficult to predict.
Scan the right QR-code and download BLOX!
Buying ethereum in four steps
BLOX is completely free to download for iPhone and Android. Check out the App Store or Google Play on your smartphone, and look for ‘BLOX crypto trading’. Or keep it simple and click one of these buttons. Downloaded the app? Then it’s almost time to buy ether!
Creating an account is easy, you can register within one minute. Use your email address or one of your social media accounts.
Fill out your name, enter your email address, and come up with a strong password. Read the terms and conditions and click ‘Accept’. We’ll send you an email as verification. Click the link within 30 minutes and continue to the next step.
Just like your Nokia 3310 back in the day, you can charge the credit on your BLOX account. But instead of walking to the store in order to buy your credit, it only takes a few seconds to charge the credit in your BLOX app.
Open BLOX and choose the Euro icon. Select your preferred payment method, like bank transfer or credit card, and charge as much (or as little) as you please. Just one more step, and before you know it, you own some ether.
BLOX is installed, you’ve created an account, and your credit is charged. You can spread over various crypto, or go all-in on ether. Or maybe wait a little longer..? The choice is all yours.
Go to the Markets section on the bottom left, choose ‘Ethereum (ETH)’, and find out everything about the price developments of the last day, week, or month. Happy about the current price? Click ‘Buy’ and choose how many ether you’d like to purchase!
Naturally, selling ether is just as easy as buying it.
Scan the right QR-code and download BLOX!
Frequently asked questions about the ethereum price
You can check the live ethereum price on this page. The ethereum price changes every second. Seven days a week, 24 hours a day.
If only we would know! Use our nifty tables and graphs to predict the price. Or use your tarot cards, whatever floats your boat. Check out the live ethereum price here.
2021 will be a great year for ethereum. New updates in the software will make ethereum more efficient and faster. And that is hopefully beneficial for the ethereum price. You can check out the live price here.
Cryptocurrencies such as ethereum are still in their infancy. Therefore you need relatively little money to get the ethereum price moving. Are more people trading ethereum? Then the price eventually becomes more stable.