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   659

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 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

Ethereum Community Fund Created

Cosmos, Golem, Global Blockchain Labs, Maker, OmiseGo, Raiden and Tendermint are involved in the creation of the new fund
16 February 2018   112

Prominent members of the Ethereum ecosystem open a fund designed to support projects developed on the blockchain of the second largest crypto currency. This is reported by CoinDesk.

Cosmos, Golem, Global Blockchain Labs, Maker, OmiseGo, Raiden and Tendermint are involved in the creation of the Ethereum Community Fund (ECF). Their goal is to introduce the services on the basis of Ethereum in the infrastructure of companies, which they can be useful.

The fund's founders also intend to launch a grant program that will provide "permanent financial security" to selected projects, the press release said.

The founder of Ethereum Vitalik Buterin directly participates in the work of the fund, in a letter to CoinDesk confirming that he acts as an adviser.

Ethereum has grown beyond my expectations over the last few years, but the work is clearly not finished. Delivering value that matches the hype should be the mantra of 2018; efforts such as the ECF which help organize the development of the ecosystem are going to help make that possible.

Vitalik Buterin

Co-creater, Ethereum

ECF is not the only organization dedicated to the development of the Ethereum ecosystem. Ethereum Foundation, a not-for-profit organization that also makes a significant contribution to the development of the platform, in January announced the launch of two sponsorship programs designed for developers seeking solutions to scale the network. The Enterprise Ethereum Alliance provides resources to companies interested in applying Ethereum, and links Fortune 500 companies with crypto-cash start-ups.