Ethereum reached $400

Ethereum cryptocurrency rose by 20% within past 7 days and by $7% within past 24 hours reaching all time high of $400
23 November 2017   1753

Ethereum, a cryptocurrency based on open source Ethereum platform for writing and distribution of decentralized applications, has risen by 7% within 24 hours and reached all-time high of $400 at 10:49 UTC on November 23. The market capitalisation of the coin at this moment was $38,4 billion.

Ethereum Charts November 2017Ethereum Charts 

Ethereum is the cryptocurrency which has fast transfers and its price has mostly seemed to be quite stable not showing crazy spikes. As Bitinfocharts.com pie chart shows, the number of transactions Ethereum processed during past 24 hours is more than the number of transactions made by main cryptocurrencies all together within the same amount of time.

Ethereum transactions pie chart 23 november 2017Cryptocurrencies transactions pie chart for November 23

Currently Ethereum is being actively traded at the following exchanges:

  • Bithumb
  • Bitfinex
  • GDAX
  • Coinone
  • Poloniex
  • Bittrex

List of Ethereum exchangesList of Ethereum Exchanges

The price and transactions increase of Ethereum was preceeded by the announcement of Ethereum developers who are looking to use code for their experimental Casper proof-of-stake protocol as the basis for a new test network. Moreover, on November 22 it came to light that a subsidiary of international banking giant Intesa Sanpaolo is showing interest in Ethereum derivatives.

At the moment of press, these are main market parameters of Ethereum:

  • Average price: $394.51
  • Marketcap: $37,834,598,658 
  • 24h volume: $1,346,990,000

AION to Unveil Future Plans

Foundation sold half the BTC and ETH, and it did it very well - at the beginning of this year
06 December 2018   141

The Aion Foundation, which is responsible for the development of the protocol of the same name and collected $ 23 million in Bitcoin and Ethereum on ICO in October last year, published a report in which it shared information about its financial operations. The report was prepared with the support of Deloitte, however, it cannot formally be considered an audit.

According to the Aion Foundation CEO Matthew Spoke, the foundation sold half the BTC and ETH, and it did it very well - at the beginning of this year. Having spent $ 10 million on launching its blockchain platform and opening offices in Canada, China and Barbados, the fund had assets of $ 14 million as of October 31 of this year, $ 5.8 million of which was placed in Fiat.

We’ve liquidated a decent amount of our bitcoin and eth that we raised as proceeds to make sure that we are stable in this type of period. As we continue to spend in our operations we’ll end up liquidating more bitcoin and eth over the course of the next few months.
 

Matt Spoke

CEO, Aion Foundation

The Aion protocol has already attracted active users, including the video game start-up ClanPlay, but Spoke claims that his company will continue to rely on hard currency.

The foundation has roughly 18 months of runway, Spock estimates, while developing his system to a level at which it can compete with centralized counterparts, such as Amazon Web Services, will take about five years. Aion expects to launch its first Java-based virtual  machine, thanks to which developers can use decentralized tools, by the second quarter of next year.

Spoke suggests that at this time his company will have to attract additional funding from cryptocurrency funds and accredited investors in exchange for their own tokens. His goal is to prevent the reduction of the team, which currently includes 61 people, and the operation of the Ethereum model of ConsenSys, a company sponsoring projects in its own ecosystem.

In the future, Aion intends to publish such reports on a quarterly basis and transfer data to the Messari network in order to increase the confidence of its tokens holders.