Dogecoin (DOGE) key figures

Dogecoin (DOGE) cryptocurrency price in USD

• Last Price: see above
• CoinMarketCap rank : 12*
• Total capitalization: $20,920,938,191*
• Diluted capitalization : $20,920,938,191*
• Circulating supply: 132.67B DOGE*
• Maximum number of outstanding tokens : infinite
• All-time high (ATH): $0.745*.

*Updated on 10/02/2022

Dogecoin (DOGE) USD Price Chart

The value of Dogecoin has grown by leaps and bounds as we enter 2021.

After an initial spike in late January, the currency gained value with an all-time high of $0.405/DOGE on April 19. The strong growth of Dogecoin can be traced back to a tweet posted by Elon Musk on April 15: “Doge Barking at the moon. This tweet from Elon Musk alone has largely influenced the trend of the Dogecoin price, causing the price to grow by 200% overnight and a total of 520% over a week. The Dogecoin price had already taken off and reached the value of $0.0463 (+264%) at the end of January thanks to numerous discussions on Reddit.

Promotions made on social networks have a strong influence on the Dogecoin (DOGE) price and some actors like Elon Musk are now considered as ambassadors able to influence the price of cryptocurrencies significantly.

Useful resources about Dogecoin (DOGE)

• Site : https://dogecoin.com
• Explorateur de blockchain : https://dogechain.info
• Liens réseaux : https://twitter.com/dogecoin
• Livre blanc : https://github.com/dogecoin/dogecoin/blob/master/README.md
• Code source : https://github.com/dogecoin/dogecoin

How to buy Dogecoin (DOGE)?

Binance – 20% off

Binance is currently the platform that hosts the largest volume of DOGE. Dogecoin is then exchangeable on Binance with over 150 cryptos, safely and quickly, making the platform the most liquid in the industry. Commissions are up to 0.1%, relatively low compared to its industry competitors.

FTX – 5% off

FTX is an exchange platform created in 2019. It offers a wide variety of assets, on a convenient and fluid interface. With relatively low transaction fees on all trades, the platform is attractive and innovative. On the security side, time will let FTX prove itself, but all indications are that they can be trusted.

Kucoin – 10% off

KuCoin allows you to buy more than 200 cryptocurrencies with a commission rate of 0.1% and the highest security on the market. The platform is user-friendly and available in many languages.

Register on Kucoin

Dogecoin prices and some historical dates. Chart analysis of DOGE and predictions.

2013: the birth of Dogecoin

It was initially a joke aimed at parodying the proliferation of cryptocurrencies and the often hazardous attraction that leads some to bet everything on a new currency that motivated Billy Markus and Jackson Palmer, two engineers, to create Dogecoin. Based on the meme showing a Shiba Inu, which was popular on the Internet at the time, it was thanks to the interest shown by Twitter users in this joke that Palmer decided in 2013 to buy the domain name dogecoin.com and teamed up with Billy Markus to make the meme a reality. At that point, DOGE had no pretense of becoming an attractive currency and was meant to be parodic and easily accessible.

By the end of 2013, Dogecoin is experiencing its first glories and managed to triple in value over a short period of time. The operation of the Doge does not prove to be infallible especially with a hack of the Dogewallet making 21 million coins disappear for a value of $12,000. History has quickly forgotten thanks to the community spirit of Dogecoin users, who repaid the losses within a month.

2014: a cryptocurrency with a charitable purpose

Dogecoin differs from other cryptocurrencies in that it is a charity. Indeed, the primary use of Dogecoin is to be able to pay small tips to creators on the Internet. Sports sponsorship actions also take places, such as for the Jamaican Bobsleigh team that almost saw itself participate in the Winter Olympics in 2014 or the NASCAR driver Josh Wise who was able to compete in several races, wearing the Dogecoin logo on his vehicle thanks to the $55,000 dollars raised by the community at the time.

2017-2019: Dogecoin gradually forgotten

From 2016 onwards, cryptocurrencies are experiencing ever-increasing success. Bitcoin sees its value exceed $20,000 for the first time in December 2017. In January 2018, we see the total number of cryptocurrencies reach 1,400. Dogecoin (DOGE) begins to fade into the background, melting among the many new currencies that appear regularly in the cryptocurrency market.

2020: the return of Dogecoin

In 2020, Dogecoin experiences one of the biggest rises among cryptos, growing more than 300% over the year. In 2021, Dogecoin sees its popularity rating rise back to the highest, causing its stock price to follow in the same direction. With a comeback on social networks, mainly Reddit and Twitter, the price of DOGE explodes and reaches $0.405 in April 2021. The high volatility of the price of the vast majority of cryptocurrencies cannot assure Dogecoin a certain future, but one thing is certain: the meteoric growth of its price will remain etched in people’s minds.

Dogecoin definition: what is it?

Dogecoin is a cryptocurrency created by 2 engineers who started it as a joke (or meme) on social networks. Seeing its community bond around the ironic symbol that Dogecoin represents, the currency will be representative of a shift from other cryptocurrencies, positioning itself on the fringe of the idea of speculation on its price.

How does Dogecoin work?

Dogecoin runs on the Scrypt algorithm, just like Litecoin. A block of the Dogecoin blockchain can be validated in 1 minute, making it a faster currency to mine than Litecoin or Bitcoin. It can be used as a medium of exchange, but can also be stored to hopefully see it increase in value.

Explanation of the Dogecoin Blockchain

Unlike Bitcoin, which runs on the SHA-256 algorithm, Dogecoin is based on the Scrypt algorithm (as is Litecoin). Dogecoin is mined faster than most other cryptocurrencies: a new block can be validated every minute, with less computing power required than for other crypto-currencies. The reward for each Dogecoin mined is therefore far less than on other cryptos like Bitcoin, but obtaining a corner is, therefore, easier and faster.

What is Dogecoin used for? What is its use?

The parody

The primary goal of Dogecoin, when it was created in 2013, was to unite a community on social networks around a joke aimed at denouncing the proliferation of cryptocurrencies and to show how accessible it was to create a cryptocurrency and make it valuable.

The community

Sometime after its invention, Dogecoin was given a charitable notion with as its main function the possibility to tip creators on the Internet and raise funds for meaningful projects, such as sports events or solidarity actions.

A value of exchange and speculation

Although Dogecoin was not created to serve as a true currency of exchange destined to increase in value, this cryptocurrency remains extremely volatile and largely influenced by the sayings of the community that closely follows its news on various social networks.

However, as of the day of this article (February 2022), it has generally lower transaction fees than Bitcoin, which can make it an interesting medium of exchange if you want to send your funds from one exchange platform to another and limit transaction fees.

What are the wallets for storing Dogecoin (DOGE)?

Online wallets

Binance

Best known for its function as a crypto-currency marketplace, Binance also allows you to store your coins online. Although storing Dogecoin (DOGE) on online wallets should be favored for the short term, keeping your currencies on the Binance wallet, in particular, allows you to make a large number of transactions much faster.

Kraken

Kraken is not primarily intended to be an online wallet, it is primarily a crypto-currency exchange platform. It is still possible to store your Dogecoin on Kraken: by importing them from another wallet or simply by buying them directly on the platform.

Downloadable portfolios

MultiDoge

The MultiDoge wallet is dedicated to storing Dogecoin. However, this one works without downloading the full blockchain of the cryptocurrency. It is, therefore, lighter and allows for faster synchronization.

Jaxx

Jaxx is a desktop wallet that will allow you to manage several dozen different cryptocurrencies. The interface allows you to simply consult your balance, your transactions, and to quickly exchange your assets. On the security level, the site has no access to the data of its users, the wallet data is encrypted, so it offers good security of data storage.

Dogecoin Core

The Dogecoin Core wallet has been specially designed to store DOGE by downloading the entire cryptocurrency blockchain. Therefore, the installation of this wallet is more time-consuming, but ensures more reliability, as you do not depend on a complete third-party node to check the compliance of transactions in the blockchain at the time of the transaction.

Hardware wallets

Ledger Nano X

The Ledger Nano X is today the most popular hardware wallet. Offering security among the most reliable of the market, Ledger allows keeping the hand on its reserve of coins thanks to a recovery code allowing to access its DOGE even if the first password is lost. Its interface allows you to send and receive coins quickly. This hardware wallet costs $119, with free shipping to ensure the security of your DOGEs.

Trezor Model T

The Trezor Model T, just like the Ledger Nano X, offers one of the most reliable securities on the DOGE stock, with backup functions, regular access code updates… This hardware wallet also allows storage of many cryptocurrencies, and thus to have all its currencies available on a single wallet, is convenient!

Safepal

The Safepal wallet allows on the one hand to secure its assets but also to manage them from a mobile application. Its product Safepal S1 is relatively inexpensive and offers all the features that a novice needs.

Frequently asked questions for the cryptocurrency Dogecoin (DOGE)

What is a Dogecoin (DOGE)?
A Dogecoin is a cryptocurrency created in 2013 by two engineers. Having a parody purpose at first and then a charitable one, its particularly volatile nature has allowed it to gain a lot of value since its creation. Today, it is one of the top-ranked cryptocurrencies on CoinMarket Rank and is very often talked about on social networks, especially on Twitter and Reddit.

What is the best way to buy DOGE?
The best way to buy DOGE today is through Binance, the platform with the highest volume of DOGE coins in circulation. It also offers a relatively low commission rate (0.1%) and allows you to exchange your DOGE with over 150 cryptocurrencies quickly.

How to store your Dogecoin (DOGE) safely?
There are several ways to store your Dogecoin. The safest way is to get a hardware wallet (Ledger Nano X for example), which is more expensive but offers a lot of security. It is also possible to use an offline wallet, a downloadable wallet (Dogecoin Core, Jaxx…), which allows you to access your Dogecoin stock without an internet connection. The last possibility is to get an online wallet, which offers the possibility, in addition to storing your currencies, to be able to exchange them on a single platform.

What are the advantages of Dogecoin?
The main advantage of Dogecoin, with a block time of 1 minute, is that it is easy to mine, consumes little energy, and is based on the same blockchain as Litecoin (Scrypt). DOGE also offers relatively low transaction fees.

Can we anticipate Dogecoin’s price movements?
Dogecoin is an extremely volatile cryptocurrency, as its price has shown in recent months. The Dogecoin community is very tight-knit and responsive on social networks like Twitter or Reddit, where most of the news about the Shiba currency is visible. This then makes DOGE a very price-sensitive currency that can experience strong fluctuations.

How to mine DOGE?
Linked to the Scrypt algorithm, Dogecoin mining is faster than many other cryptocurrencies like Bitcoin or Ethereum. In fact, validating a block of Dogecoin takes 1 minute. The reward for validating a block is therefore also low. To mine Dogecoin, several things are required. First of all, a computer, a good internet connection, and a wallet to store your DOGE are essential. Secondly, you need a way to mine. The basic processor of a computer can theoretically be enough, but its computing power is not sufficient, one can then use a GPU as well as software like CGminer or Easyminer to improve the mining capacity of its computer. It is also possible, with much more means, to acquire a Scrypt ASIC miner, specialized in the mining of cryptocurrencies like Dogecoin or Litecoin. This hardware, combined with software such as MultiMiner, CGminer, or Easyminer, will still consume much more electricity and is recommended for large-scale mining.

Is it possible to farm or stack Dogecoin (DOGE)?
It is not possible to stack for the purpose of earning interest in Dogecoin. Indeed, the Dogecoin blockchain does not natively support proof of stake (PoS), it is a blockchain that, like Bitcoin, and Litecoin uses proof of work (PoW). As far as farming is concerned, it is possible to mine Dogecoin in large quantities, but this requires more mining capacity and therefore a greater initial investment.

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Bitcoin (BTC) key figures

Bitcoin (BTC) cryptocurrency price in USD

• Last Price: see above
• CoinMarketCap rank: 1*
• Total capitalization: $708,114,749,934*
• Diluted capitalization: $783,448,917,238*
• Circulating supply: 18,946,850.00 BTC*
• Maximum number of outstanding tokens: 21,000,000 BTC*
• All-time high (ATH): $68,789.63*

*Updated on 2022/02/02

Bitcoin (BTC) USD Price Chart

Useful resources about Bitcoin (BTC)

• Website link: http://bitcoin.org
• Blockchain explorer link: https://www.blockchain.com/explorer
• Network link: https://twitter.com/bitcoin
• White paper link: https://bitcoin.org/bitcoin.pdf
• Source code link: https://github.com/bitcoin

How to buy Bitcoin (BTC)

Binance – 20% off

Binance exchange is currently one of the hottest platforms and is one of the global leaders in the cryptocurrency market. With its easy-to-read and easy-to-learn interface, Binance exchange is very suitable for newcomers worldwide. The exchange transaction fees there are also among the lowest in the market, especially when paid with the exchange’s house token, BNB.

Register on Binance

FTX – 5% off

Notably known for the low fees the platform offers and its ease of use, FTX is a must-have exchange for users wanting to trade their cryptocurrencies. FTX exchange is also known for its derivatives, allowing for exposure to baskets of assets or certain market trends.

Register on FTX

Kucoin – 10% off

Launched at the same time as Binance, the Kucoin exchange has had more limited success but has still demonstrated its seriousness over the past few years, including not hesitating to stop the listing process of some unscrupulous projects. The fees are also very low and the user experience is clear and pleasant.

Register on Kucoin

Bitcoin prices and some historical dates. Chart analysis of BTC and crypto predictions.

January 3, 2009: Birth of Bitcoin

It was on January 3, 2009, that Satoshi Nakamoto, the mysterious founder of Bitcoin, mined the very first block of Bitcoin. To prove that he had not started mining earlier, he included in this first block the now-famous front page of the Times of the same day, which was titled “Chancellor On Brinks Of Second Bailout For Banks”. Quite a symbol.

May 21, 2010: Pizza Day

Laszlo Hanyecz buys (via an intermediary) 2 pizzas for 10 000 bitcoins (Bitcoin was trading at 0.0035 USD in the cryptocurrency market), which makes them (in retrospect) the most expensive pizzas in history. Hanyecz is not just anyone, since he was also the one who, a month earlier, was the first to mine Bitcoin on a graphics card (GPU).

June 15, 2011: Wikileaks

The famous website Wikileaks, which publishes confidential documents, including those of the U.S. military, is under sanctions that threaten its economic sustainability, based on donations. Indeed, Visa and Mastercard stop providing their services, under pressure from Washington. From now on, Wikileaks will accept donations in the cryptocurrency Bitcoin.

February 2014: Bankruptcy of MtGox

While it was the main platform for conversions between fiat currencies and cryptocurrencies, the MtGox platform collapses, a victim of one hack too many and unprofessional management. It will leave many customers out of pocket and its fall could well have precipitated the end of the Bitcoin adventure.

August 2017: hard fork between BTC and BCH

In August 2017, after a long and painful war, the separation between supporters of small blocks and big blocks was consummated. The big blockers argued for an increase in the size of Bitcoin blocks. When they did not get their way, they migrated to their own version of Bitcoin, the cryptocurrency Bitcoin Cash (BCH), which implements larger block sizes (8 MB on BCH versus 1 MB on BTC).

May 11, 2020: Bitcoin’s third halving

On May 11, 2020, the rewards miners receive for each block (excluding transaction fees) were halved from 12.5 BTC per block to 6.25. These halving of rewards, called halvings, are real events in the Bitcoin sphere, as they are a concrete materialization of Bitcoin’s programmed and deflationary money-issuing policy.

Bitcoin definition: what is it?

Bitcoin is the very first of the cryptocurrencies, both chronologically and in terms of capitalization This cryptocurrency was created in 2008-2009 by Satoshi Nakamoto, and it has since undergone a staggering evolution, both in terms of adoption (by individuals and merchants, but more recently also by businesses) and from a technical point of view.

Of all the cryptocurrencies, if you had to own only one, it is certainly this one!

How does Bitcoin work?

Bitcoin is a peer-to-peer monetary protocol. The Bitcoin software on your computer (or phone) communicates directly with other computers on the network. When you make a transaction, for example, to send 0.2 Bitcoin to a friend, you inform the other computers on the network that you are communicating with, which relay that transaction to other machines, and so on. In this way, the entire Bitcoin network quickly becomes aware that you want to make this transaction.

After a certain amount of time, which depends on how crowded the Bitcoin blockchain is, the transaction will be added to a new block by a miner. It will then take effect and the 0.2 Bitcoin will have effectively changed ownership.

In addition, Bitcoin has some interesting properties:

• When you have the private key controlling Bitcoin, only you can send them, and no one can stop you from doing so
• The rate at which new Bitcoins are issued is written in black and white in the code and enforced by the thousands of computers that make up the Bitcoin network. So you can be sure that there will never be more than a supply of 21 million Bitcoins. It is even possible to check the amount of BTC in circulation at any given time from one’s own Bitcoin node
• The Bitcoin network is decentralized through tens of thousands of nodes and is protected by massive computing power

Explaining the Bitcoin Blockchain

Before Bitcoin (BTC), the technical difficulty faced by early attempts at digital currency was the problem of double-spending. Considering a “digital coin,” it must be possible to send it only once to another person. Once I send it, it is no longer mine and I cannot send it to anyone else. Symmetrically, if I receive a digital coin, but I find that it has already been sent to someone else before me by the same person, that means that person is trying to scam me by sending me a fake coin. Traditionally, early versions of digital currency solved this problem by having a central server that was the source of truth about the order of transactions. It was this server that ensured that the person sending me money actually owned it and had not already spent it three days earlier.

The trick with Bitcoin was to decentralize the source of truth. Rather than a central server, the entire network agrees on a single ledger (the “blockchain”) that records all transactions in order. New transactions are written in blocks, which are added one by one to the blockchain (at an average rate of one block every 10 minutes). A block, therefore, contains several transactions. Decentralization comes from the fact that anyone can potentially be selected to propose the next block added to the blockchain, through what is called proof of work.

With proof-of-work, thousands of miners compete to be the first to solve a complex cryptographic puzzle, which amounts to randomly finding the right number within a very large set. The first one to solve the puzzle wins the right to add the next block and is rewarded for their effort and energy expended (to solve the puzzle) with new bitcoins and a transaction fee.

What is Bitcoin used for? What is its use?

Cash on the Internet

Bitcoin is the first true realization of a form of cash on the Internet that is completely decentralized and peer-to-peer. When used properly, Bitcoin is a much safer way to conduct transactions on the web: rather than giving credit card information to a third party, Bitcoin allows me to pay by signing a transaction that sends the funds to an address provided by the seller. This way, I don’t give away any secrets or confidential information, unlike the way card payments work.

So Bitcoin is the ultimate cyberspace currency!

A store of value

With its perfectly predictable monetary issuance policy and its maximum quantity of 21 million coins, Bitcoin has also established itself as a real store of value, hunting on the ground of precious metals like gold.

In a complex monetary and financial environment, where the printing of fiat money seems to know no bounds, Bitcoin is thus increasingly playing a role as a safe haven, especially in the face of inflation.

The basis for tomorrow’s financial infrastructure

Bitcoin, as a network and a protocol, can also be seen as the basis for a whole monetary and financial infrastructure. Indeed, it is on Bitcoin that new protocols such as the Lightning Network (payment channels) and RGB (smart contracts and tokens) are developing. Bitcoin would then be a settlement network on which other protocols are based.

What are the wallets for storing Bitcoins (BTC) and crypto?

Downloadable wallets

Electrum

Electrum is one of the oldest wallets that is still maintained. Available on computers (Mac, PC, Linux) and mobile, its interface is very basic, making it suitable for both beginners and advanced users, who have access to some advanced features such as coin control.

By default, Electrum connects to a random Electrum server, but it is possible to connect to your own Bitcoin node.

Sparrow

Sparrow looks a lot like Electrum, and that’s okay. This software wallet, available on a computer, is a slightly more design-oriented version of Electrum, with the addition of some visualization features, especially for transactions, which will delight most technophiles.

Unlike Electrum, Sparrow does not connect itself to an Electrum server at random, which avoids connecting to an Electrum server inadvertently. It is of course possible to connect to your own Bitcoin node.

BlueWallet

BlueWallet is one of the leading mobile wallet solutions. With its simple, elegant design and attractive UI, BlueWallet is perfect for both beginners and advanced users. For novices, it’s easy to get started with the creation of your first Bitcoin wallet and the application even supports the Lightning Network.

A new feature (Vault) also allows for the creation of multi-signature wallets, for more experienced users. Recently, BlueWallet is also available on macOS!

By default, BlueWallet connects to an Electrum server of the company BlueWallet Services, but it is possible to connect to your own node.

Specter

Specter is also one of the most popular computer portfolios, with a focus on privacy and advanced features such as corner control. In particular, this software can only be used with its own Bitcoin node, either on the same computer or a remote node. Recently, Specter has also included a “reduced” Bitcoin node, which takes up very little space on the computer (5 to 10 GB).

Hardware wallets

Ledger Nano

Ledger is one of the references in the field of hardware wallets and is among the main leaders of this market. The security and reliability of their products are internationally recognized. With a Ledger, the secrets (private keys) are stored on a secure element of high certification level and never leave the device.

The Nano exists in 2 versions S and X: the Ledger Nano X has more storage space (useful to have several applications at the same time and thus manage several cryptocurrencies without having to install/uninstall applications each time) and a Bluetooth connection.

Coldcard

Coldcard is another recognized reference in the world of hardware wallets. Bitcoin-only, Coldcard is THE hardware wallet for bitcoiners and cypherpunks, with a number of relevant security features, such as a fake PIN code allowing to show a potential thief a fake wallet, much less stuffed than the real one.

Frequently asked questions about the cryptocurrency Bitcoin (BTC)

What is a Bitcoin (BTC)?

One Bitcoin is a unit of the native currency of the Bitcoin network. There will be a maximum supply of 21 million Bitcoins and each Bitcoin can be divided up to 100 million times. The smallest unit of Bitcoin is therefore 0.00000001 BTC, which is called the satoshi.

What is the best way to buy Bitcoins (BTC)?

It depends on your profile and the amounts involved. In any case, it is necessary to guard against scams and frauds of all kinds, which may involve high risk.

How to store Bitcoin (BTC) safely?

Again, this depends on the amounts involved. In any case, you should avoid storing your private keys on devices connected to the Internet. Hardware wallets are very useful to keep your private keys offline and still be able to easily sign transactions when needed.

What are the advantages of Bitcoin?

Bitcoin is the oldest cryptocurrency and has proven over the years that it can withstand many attacks.

How can you anticipate movements in the price of Bitcoin (BTC)?

Nobody has a crystal ball! Technical analysis can help those who know how to use it to anticipate Bitcoin’s price movements. Otherwise, regular investment, for example with a Dollar Cost Averaging strategy, can help smooth out entry prices.

How to mine Bitcoin?

Today, it is necessary to use specialized machines, called ASICs, to mine Bitcoin (BTC) cryptocurrency. Mining Bitcoin on a consumer computer is never cost-effective and can damage your device (especially for laptops). But mining Bitcoin is not just for professionals, and it is possible, under certain conditions, to mine Bitcoin at home profitably.

Is it possible to farm or stake Bitcoin?

Not strictly speaking. However, it is possible to lend Bitcoins on certain custodial (Celsius, BlockFi, etc.) or decentralized platforms, usually in the form of wrapped Bitcoin.
It is also possible to generate a return on one’s Bitcoins while retaining control of them by providing liquidity for various protocols, such as the Lightning Network or certain implementations of joined transactions.
All of these activities carry risks, which are very different from one another, and it is essential to be aware of them before getting involved in the market.

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Ethereum (ETH) key figures in USD

• Ethereum (ETH) cryptocurrency price
• Last Price: see above
• CoinMarketCap Rank: 2*
• Market Capitalization: $397,647,117,105*
• Diluted Capitalization : $397,488,128,105*
• Circulating supply: 119,175,185.06 ETH
• Maximum number of outstanding tokens: Infinite*
• All-time High price in USD (ATH): $4,865.57*

*Data updated on 2022/01/16

Ethereum (ETH) Dollar Price Chart

Useful resources about Ethereum (ETH)

• Website link: http://ethereum.org
• Blockchain explorer link: http://etherscan.io
• Network links: https://twitter.com/Ethereum
• White paper link: https://ethereum.org/en/whitepaper
• Source code link: https://github.com/ethereum

How to buy Ethereum (ETH)?

Binance – 20% off

Binance is THE leading platform for buying and selling cryptocurrencies. Year after year, it has become the number 1 in terms of volume and influence. In addition to Ethereum (ETH), you can trade over 300 different cryptocurrencies on this platform. It also offers leveraged trading for the more adventurous user and a staking service to create passive income without any effort.

FTX – 5% off

FTX is the latest addition to the exchange ecosystem, but it has nothing to envy the competition. In addition to Ethereum (ETH), you can trade over 200 different cryptocurrencies in this exchange. It has set itself apart from other platforms by offering crypto derivatives such as futures and leverage trading.

Kucoin – 10% off

Kucoin is a paradise for low-cap cryptocurrencies. In addition to Ethereum (ETH), you can trade over 300 different cryptocurrencies. This one has made the choice to focus on cryptocurrencies that may be lesser-known, but not uninteresting.

Ethereum price and some historical dates. ETH chart analysis and predictions.

December 2013 and early 2014: Whitepaper and pre-sales

The Ethereum project was born in December 2013 with the release of its whitepaper by its young creator Vitalik Buterin. A few months later, at the beginning of 2014, the first Ethereum coins were pre-sold at $0.3 (≃ €0.25) per unit to fund the development of the project.

July 2015: Birth of the Ethereum network

After more than a year of development, the genesis block of the Ethereum blockchain is created on 20 July 2015 and marks the official birth of the network. At its launch, the price of the token reaches a price of $2.58 before falling inexorably until December 2015.

June 2016: The peak and then the DAO hack

In parallel with the rise in the Bitcoin price, the Ethereum price reached €18.26 on 16 June 2016, the day before a tragedy for the network: the DAO hack. On 17 June, the smart contract of the DAO, an autonomous decentralized organization created to finance projects on Ethereum, was hacked, resulting in the loss of USD 150 million. This event will divide the price of ETH by two overnight and will give birth to Ethereum Classic.

May 2017: Ethereum passes the $100 mark

Carried away by the incipient euphoria of a bull run in the making, the ETH price broke the $100 barrier for the first time on 20 May 2017. It reached a new all time high of $356 on 12 June 2017.

13 January 2018: Ethereum explodes its ATH to $1,418

Driven by the euphoria of the ongoing bull run as well as the buzz around the many ICOs the network is hosting, Ethereum hits a new all time high by trading for $1,418 per unit at the peak of the bull run (Jan. 2018).

December 2018: The stampede

After reaching its ATH in January 2018, the bear market takes over and the ETH price falls week after week before seeing its value divided by 17 reaching a low of $83 on December 16, 2018. ICOs are no longer popular, and Ethereum loses its momentum.

April 2021: DeFi saves Ethereum

Throughout 2020 and the beginning of 2021, Ethereum is witnessing a thriving new ecosystem: the DeFi ecosystem. Its price has been rising steadily and finally peaked at $2,641.09 on April 22, 2021.

Ethereum definition: what is it?

From its inception, Ethereum has had one ambition: to become a global computer. Thus, where Bitcoin (BTC) wanted to decentralize the currency and money transfers, Ethereum by definition wants to decentralize the applications.

To do this, each application is deployed in the form of a smart contract. These contracts make it possible to define various logics that will be automatically executed by the network when they are called.

How does Ethereum work?

Like its sidekick Bitcoin, Ethereum is a peer-to-peer monetary protocol. Specialized software, known as clients, allows direct communication between users. Thus, it is possible for computer A to issue a transaction containing the value (ETH) which will be sent to a recipient.

Once published on the network, your transaction will be propagated through a network of nodes. Once the entire network is aware of your transaction, it will be included in a block by a miner. As soon as it is added, your transaction will be considered valid, and the value will have been moved from your address to that of your recipient.

Beyond simple transfers, Ethereum has been able to distinguish itself by deploying on a large scale a concept imagined by Nick Szabo in 1990. As we have seen previously, smart contracts allow predetermined actions to be carried out automatically when the conditions are met.

Over time, smart contracts have become more complex and have allowed Ethereum to host other coins and protocols on its network. Thus, in addition to ETH, the network hosts many other cryptocurrency coins, the most significant of which are Tether USD (USDT), Uniswap’s (UNI), and USD Coin (USDC).

These are run on a global, decentralized virtual machine called the Ethereum Virtual Environment (EVM). This is supported by all the nodes in the network.

Also, these smart contracts have enabled the development of an ecosystem of complex financial applications called DeFi for Decentralized Finance. These different protocols aim to decentralize traditional financial products, such as borrowing or saving.

Explanation of the Ethereum Blockchain

The Ethereum blockchain uses all the cryptographic concepts of private keys and public keys common to all crypto-currencies.

With each validated block, new ETH are issued and given to the validator who created the block. However, unlike Bitcoin, this value is not fixed or decreasing over time. Bitcoin’s maximum supply will be limited to 21 million BTC in total, while the Ethereum platform has an unlimited supply but a maximum annual supply of 18 million ETH. Currently, there are about 2,927 ETH created for each block, which is about one every 20 seconds.

Until now, the consensus around the general state of the chain and the accounts is ensured by a mechanism called Proof of Work, as is the case with Bitcoin. In Proof of Work, actors called miners are responsible for validating transactions by deploying a large amount of computing power, generated by graphics cards (GPUs).

However, due to its limited performance and energy consumption, Ethereum will transition from Proof of Work to a new mechanism called Proof of Stake this year (2022). In this consensus mode, miners are replaced by validator nodes, which instead of deploying computing power, will block 32 ETH called collaterals. If the latter were to act maliciously for the chain, the protocol will sanction them via a mechanism called slashing, which aims to impute part of the collateral.

When using Ethereum, you will come across another unit of value than ETH, namely gas. Gas refers to the cost of completing a transaction or performing a function of a contract on Ethereum. This is set in gwei, which is a fraction of an ETH.

What is Ethereum used for? What is it useful for?

A means of payment

Like Bitcoin and most cryptocurrencies, Ethereum’s primary nature is as a peer-to-peer payment method. The protocol allows value to be transferred via transactions from a sender to a receiver.

A global computer

Thanks to its smart contract system, the Ethereum network makes it possible to decentralize all the applications known to date on the Internet. Thus, the network makes it possible to deploy an application while avoiding certain risks that were previously inherent in the centralization of the Internet, in particular so-called DDoS attacks, which aim to take a service offline by targeting the server that hosts it.

The basis of the decentralized finance infrastructure

As we have seen, smart contracts allow Ethereum to host and decentralize a whole host of complex financial applications. Thus, this makes it a perfect candidate to be the core infrastructure of a new, fully decentralized financial ecosystem, offering the same services as the banking world, while cutting out the middleman.

With Ethereum, it is already possible to save, lend and trade assets without the need for a trusted intermediary. Given the evolution of the ecosystem over the past five years, the future and the possibilities are quite exciting.

What are the portfolios (wallet) to store its Ethereum tokens [ETH]?

Online portfolios

MyCrypto

Formerly called MyEtherWallet, MyCrypto is an online Ethereum wallet. Thus, no need to download anything to access your wallet. It allows you to store and manage your ETH and other assets hosted on Ethereum blockchain. Recently, MyCrypto also allows you to trade your assets directly with each other from its interface.

Downloadable portfolios

Metamask

Metamask is by far the reference wallet on Ethereum. Available both via a browser extension and on mobile, it allows you to store your ETH as well as all the crypto-currencies evolving on Ethereum. It also proves to be a great ally to interact with the multitude of decentralized applications and especially the DeFi ecosystem.

Argent wallet

Argent is a new generation mobile wallet. It allows you to store and manage your ETH as well as all cryptocurrencies evolving on the Ethereum blockchain. Extremely innovative, Argent abrogates the traditional rules by removing the notion of private key thanks to its Guardian system. Finally, it is connected to a dozen DeFi applications, allowing direct interaction with them.

Hardware wallets

Ledger Nano

Ledger, in addition to being a French company, has become a reference in terms of hardware wallets. Taking the form of a USB key, the Ledger Nano is an ultra-secure wallet that can store hundreds of crypto-currencies, including ETH and all crypto-currencies evolving on Ethereum.

It comes in two versions: Ledger Nano S and Ledger Nano X. The first one, less expensive, has a reduced space, while the second one, obviously a little more expensive, offers more storage space as well as the possibility to connect to it via Bluetooth.

Frequently asked questions for the cryptocurrency Ethereum (ETH)

What is Ethereum (ETH)?

Ethereum is a blockchain whose native crypto-currency is Ether (ETH). It aims to decentralize applications, and more recently all traditional financial services thanks to its smart contracts.

What is the best way to buy Ethereum?

If you have an account on an exchange platform, there is no need to change it. If not, Binance can be an excellent solution, as it allows you to buy crypto-currencies directly via credit card.

How to store your Ethereum (ETH) safely?

If you want to store your first fractions of ETH, Metamask or Argent seem to be the best solutions, as they are free. However, above a certain amount, it may be interesting to invest in a hardware wallet like those offered by Ledger.

What are the advantages of Ethereum?

Ethereum has long been the second-largest cryptocurrency in terms of capitalization. Also, its network hosts a multitude of other projects, all of which need ETH to operate.

How to anticipate Ethereum’s price movements?

It is difficult to give a single piece of advice to answer this question. To anticipate price variations, it is important to learn technical analysis which, if mastered, can prove to be a great ally in financial markets.

How to mine ETH

To mine ETH, you will need to have a graphic card. The Whattomine site will allow you to estimate the profitability of mining according to the card in your possession. However, when you switch to Proof of Stake, it will no longer be possible to mine ETH.

Is it possible to farm or stack Ethereum (ETH)?

It is possible to earn a return on one’s Ether (ETH) in various ways via the set of DeFi protocols that its blockchain hosts as well as more centralized solutions (Celsius, BlockFi, etc.). In parallel, with the recent launch of Ethereum 2.0, it is possible to stake your ETH on Ethereum 2.0 and participate in the transaction validation process and in fact be rewarded for this service.

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