Ethereum (ETH) is largely considered to be the second most important cryptocurrency ever to be created. Thanks to the fact that it was created as a development platform instead of a cryptocurrency meant to be used as digital cash — it shifted the attention of developers towards blockchain technology.
This, in turn, inspired developers to come up with countless new use cases for blockchain and crypto, and to start exploring one of the most advanced and most important technologies of the 21st century. But, what of Ethereum itself? How is the price of its coin doing, and what can be expected of it in the future?
Ethereum so far
After its launch in 2015, Ethereum's price had barely moved for two whole years. It was around $10 per coin during this time, and for quite a while, it did not seem like it will ever live up to Bitcoin or other altcoins. Then, in 2017, when the prices started surging, and new coins started to emerge everywhere, Ethereum's ability to serve as a development platform for altcoins became invaluable. The coin went from $12 to $380 in only a few months in early 2017. Then, in late October 2017, its price started surging again until it reached its peak in mid-January, climbing all the way up to $1,377.