Is Ethereum set to run to New all-time highs?

Ethereum (CCC: ETH-USD) looks set to run to new all-time highs. The cryptocurrency has rallied for three straight weeks, gaining 36% in the last month to top the $4,000 mark. For what it’s worth, the momentum isn’t contained to just Ethereum. Bitcoin (CCC: BTC-USD) hit new highs, too.

When did ETH retest its all-time high?

By January 2018, ETH’s price peaked at $1,418 before it fell sharply. It took about three years for the second-largest cryptocurrency by market cap (behind bitcoin) to retest its previous all-time high price. Between February and May 2021, eth’s price more than tripled to set a new all-time high of $4,379.

How old is Ethereum?

Ether, which runs on a technology system known as the ethereum blockchain, is worth over ten times the price it was when it bottomed during the COVID market panic of March 2020. And the cryptocurrency is still only five years old.

How much money did Ethereum raise in ICO?

The project team managed to raise $18.3 million in Bitcoin, and Ethereum’s price in the Initial Coin Offering (ICO) was $0.311, with over 60 million Ether sold. Taking Ethereum’s price now, this puts the return on investment (ROI) at an annualized rate of over 270%, essentially almost quadrupling your investment every year since the summer of 2014.