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Recently Bitcoin’s whitepaper celebrated its 11th Birthday. 11 years down the line there are no solid arguments or basis to sustain what drives the cryptocurrency markets. The market is vastly driven by sentiments and why not, people haven’t seen such massively erratic volatility ever in their lives. Most of us are pulled into the cryptocurrency markets because a friend or a colleague suggested us to invest with the promise of enormous returns. In the midst of the greed of earning quick money.

Market stayed untouched by technicals and overdriven by sentiments because a vast majority of traders don’t have much of an idea on what they have invested in. We have all seen traders are easily overwhelmed by 20–30% green and red sticks but for usual traders, they are seeing it every week. Other than the overdriven volatility, investors are very likely prone to take poor investment decisions because of the widespread misinformation and their cognitive biases running a marathon on this data.

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Feature

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Ethereum is an open source public blockchain and is a functional smart contract.

Vitalik Buterin is considered the founder of Ethereum and brought his idea to the public in 2013. Ethereum raised capital via crowdfunding in 2014. The platform went to its main net on July 30, 2015. In 2016 , ETH forked from the original Ethereum now known as ETC or Ethereum Classic.

The two run separate organizations and blockchains. Ether is the token or cryptocurrency which miners receive as a block reward for solving the mathematical computations for each block. A maximum of 18 million Ethereum can be mined per year, and the the block reward is 3 contracts, while a new block is mined approximately every 14 seconds.

The initial price per ETH token was 30 cents, Ethereum is currently trading 233 dollars per contract. An investor who bought 3,333 ETH contracts on the initial offering spent $1,000, that same investors holdings today ar worth $776,589

To equate this to ounces of Gold an investor could have traded .8 ounces of Gold in 2014 for 3,333 ETH today that investor could trade those ETH contracts for 500 ounces of Gold.

Ethereum currently has 109,657,000 contracts in circulation giving it a market cap of 25.37 billion dollars based on the last price of $232. Ethereum has the second largest market cap among exchange traded blockchain coins and tokens behind only Bitcoin

ETH-BTC
Exchange Rate

December of 2016:
ETH traded an all time low of $6.07

January 2018:
ETH traded an all time high of $1,090

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