Ethereum is a decentralized open source platform enabling the creation of decentralized applications (dApps). Founded by Vitalik Buterin in 2013, the smart contracts platform has changed the landscape of cryptocurrencies since its inception and has been a global phenomenon ever since. The multi-functionality platform allows users to mine coins, carry money or asset transactions or build new applications. The cryptocurrency of the platform is called Ether (ETH) and has been used globally for different forms of payments without any third party interference. Ethereum team is working on various collaborations and organizing hackathon events worldwide to gain popularity and grow the community. Ethereum is revolutionizing the use of the internet by empowering anybody to introduce new blockchain based apps.
The current ROI of Ethereum is 5,733.80%. Ethereum has secured 2nd position in the top 100 cryptocurrencies list by the CoinMarketCap. It has also been an underlying technology for many alt coins currently trading in the market. The circulating supply of the coin is 105,924,092 ETH which is equivalent to the total supply. As on May 04, 2019 at 11:24:01 UTC, the market cap is 17,516,945,713 USD, the price is trading at 165.37 USD & 0.02853724 BTC and the 24 h volume is 7,321,873,479 USD.
In the last 30 days, the highest price was recorded as 184.38 USD and the lowest was at 152.09 USD. However, in the past 7 days, the highest price dipped to 170.65 USD and the lowest price was around 153.19 USD. The upward trend of over 4% has been seen in the last one month. As on April 05, 2019 at 05:34:01 UTC, the price of ETH was 158.06 USD & 0.03209646 BTC. The 24 h volume was 7,823,676,335 USD and the market cap was 16,679,710,264 USD.
Ethereum has been chased by the major business players including Microsoft, JPMorgan and among other technology giants interested in developing their own stablecoins to enable transactions using it as an underlying technology. The distributed ledger based platform has been taking giant strides to change the economic landscape globally and make blockchain integration seamless. The upcoming Ethereum hackathon organized by ETHGlobal on May 17-19, 2019 in New York is aimed to bring together the community of cryptocurrency enthusiasts, traders, investors, and business leaders and provide a sneak peek into the potential of distributed ledgers & blockchains. The event also brings together various thought leaders to speak about technology and provide networking opportunities. A similar event is planned in India (Bangalore) in the later part of the year to focus on the Asian innovators. It can be concluded from the ongoing wave for ETH that the price of the coin can reach over 300 USD by the end of 2019 and can reach over 500 USD in the next 2 years.