Published by Raynor de Best, Jan 15, 2021

What is the Ethereum price today? During January 2021, one Ethereum cost over 1,200 U.S. dollars, an increase of around 25 percent since December 2020. After Bitcoin and Bitcoin Cash, it is the third most known cryptocurrency in the United States. Still, the majority of those surveyed were not aware of Ethereum.

What is a cryptocurrency?

Cryptocurrencies are digital currencies that are not regulated by any centralized authority, such as a government or bank. They are created through a process called “mining”, when miners sell processing power to the currency’s server in exchange for an amount of the currency. For security, every transaction is stored on a distributed ledger using a technology called “blockchain”.

The cryptocurrency market

Given the price volatility of Ethereum and other cryptocurrencies, investors seem more interested in them than consumers at the moment. As such, many are looking to the market capitalization of major cryptocurrencies. Ethereum has a relatively large share of the market at the moment, but newer coins are gaining in popularity.

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