Ethereum is one of the most promising cryptocurrencies to emerge from the blockchain revolution. It has a market cap of $33.6 billion, making it the fourth largest cryptocurrency by market capitalization. But Ethereum has struggled in recent months after its price hit an all-time high in January 2018.
The price of Ethereum is now up 17% since then, but is still far below its all-time high of more than $1,400 per unit. The coin has been trading sideways for months and is still down about 20% from its early January 2018 highs.
The coin's recent rally shows that investors remain bullish on Ethereum due to its potential as a platform for smart contracts and DApps – decentralized applications (DApps) that run on the Ethereum blockchain. without requiring third parties to verify codes or process transactions and payments. as well as regular apps on mobile devices or computers.
These DApps have proven to be popular with developers around the world who want to build new businesses using blockchain technology without worrying about censorship or interference from regulatory authorities. other government or authority.