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15 insights on how Ethereum conducted its ICO in 2014

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Let us go through the key features of the Ethereum ICO 2014

Let us go through the key features of the Ethereum ICO 2014

An Initial Coin Offering offering is very similar to the Initial Public Offerings but it is the online cryptocurrency based system where the investors are given tokens in return for their investments. The ICOs have proven to be one of the best ways of crowdfunding to date. Before the ICOs a  particular project or business model was not able to raise enough funds even though it had a great business value.

The main reason being was the lack of reachability to the potential investors along with tiring procedures, but through the Initial Coin Offerings, as the service is completely online and uses the Blockchain Technology, the investors from all around the world can invest in a particular project and the project can gain enough investments for its operation.

The Ethereum Blockchain comprises a unique feature called ‘smart contract’ with sets it apart from other cryptocurrencies in the market. Its application of Blockchain Technology is a little different from that of the one, given by Satoshi Nakamoto.

It is evident that the Initial Coin Offering is capable of raising millions of dollars within a span of few hours itself. The Initial Coin Offering conducted by the Ethereum is one of the examples.

 

Let us understand how Ethereum conducted its Initial Coin Offering in 2014:

  1. The Ethereum ICO was conducted on 20th of July, 2014.
  2. The ICO was closed on 2nd of September, 2014.
  3. The duration of the whole ICO was for 42 days and the total number of tokens were uncapped.
  4. The interesting part is that the funding target was also not restricted to any amount.
  5. It had only one mode of payment for the ICO, and that was in BTC.
  6. Initially, the price of Ether was 2000 ETH for 1 BTC, which linearly increased as the ICO progressed and became 1337 ETH for 1 BTC finally.
  7. Almost 31,529 BTC ($18.4 million at the time) were collected during the Initial Coin Offering.
  8. This made it the second most successful ICO of that time.
  9. It is also the 6th highest crowdfunded project of all time.
  10. However, a part of BTC had to be sold with a 50% loss for the expenses.
  11. However, it is also said that the developmental team of the company lost most of its revenue due to price fluctuations in the Bitcoin price, as a very large portion of the funding was done in BTC.
  12. The value of Ethereum has increased by a number of folds since it’s initiation.
  13. A number of successful projects have been implemented on the Ethereum Virtual machine.
  14. The ICO managed to sell almost 60,000,000 tokens.
  15. The ICO has experienced a profit percentage of about 3900% (with respect to BTC).

 

Currently, the market capitalization of Ethereum is estimated to be around 50,440,159,989 USD and is also regarded as the second largest cryptocurrency in terms of volume. Ethereum Blockchain currently, is split into two, namely Ethereum (ETH) and Ethereum Classic (ETC).

Ethereum basically provides a platform to others to innovate and develop technology on it. All the experts, entrepreneurs, developers and engineers would agree to the fact that considering Vitalik Buterin (who is the creator of Ethereum) as a genius would be an understatement. Some of the experts even speculate this to be the most trending technology and also the most reliable one in order to built applications on it.

Moreover, it is all set to launch a number of new features to its platform, some them including increasing the transaction speed to that of VISA levels and also to handle 1000 of transactions per second in order to meet the real world demands.

Currently, the Ethereum price is around $503.77 and is experiencing resistance at the $520 level and a support at $485.

#Ethereum

Analysis: Will Ethereum Rise in 2019?

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There is a great possibility that the price of Ethereum might never rise again, At least not to the figures it earlier achieved.

Bitcoin and Ethereum have been leading the cryptocurrency market for quite some time. While bitcoin blockchain’s main motive is to track the transactions, Ethereum’s main motive is to run the codes of DEX or decentralized apps.

While most people feel that bitcoin will always lead the cryptocurrency market, some believe the cryptocurrencies such as Ethereum might overtake bitcoin in the future. Currently, a group of companies known as Enterprise Ethereum Alliance supports the Ethereum blockchain who are working hard to improve the overall functionality of the blockchain.

 

Can Ethereum rise in 2019?

While Bitcoin is a store of value and most people use bitcoin as a form of investment, Ethereum is mostly used by software companies for development of their own dapps.

Ethereum saw a tremendous rise in price as well as in market capitalization during the ICO era which might have ended last year. In 2017, there was a boom in the overall ICO market and most Initial Coin Offerings collected their investments in the form of Ethereum. This had led to a massive demand for ETH as investors had to purchase ETH first in order to invest in other initial coin offerings.

Ethereum Price Chart

Ethereum Price Chart

The price of Ethereum reached more than $1400 at the start of 2018 and people started to feel that Ethereum might even overtake bitcoin soon. However, as months passed in the year 2018, both the price and the market capitalization of ETH experienced a massive mall which might be related to the end of ICO era. Cryptocurrency analysts also believe that the massive selling of Ethereum by Initial Coin Offerings who had been storing them as investments was the main reason for the fall in the price of ETH. Thousands of ICOs started selling their ETH holdings when they saw a bear market coming upfront.

 

Why ETH might never rise again:

There is a great possibility that the price of Ethereum might never rise again, At least not to the figures it earlier achieved. One of the reasons for this is the rising popularity of other blockchain platforms such as TRON who are direct competitors to ETH and some are even performing a lot better than Ethereum. The overall development of ETH blockchain seems to be quite slow and thus people have started to adopt other blockchains which are more suitable for their products and perform better than the Ethereum blockchain.

 

Another big reason why Ethereum might not rise again is the end of the ICO era. The number of initial coin offerings has seen a tremendous decrease last year and even lower this year. Also, the interest of investors has shifted from Initial Coin Offerings now as they do not see a safe and profitable future in investing in ICOs. As one of the major reasons for the rise of ETH was the ICO market and now with the end of the ICO era, Ethereum might never see those robust bulls again.

 

The following article is not financial advice. Readers are requested to do their own research and analysis before making any investment decisions in the cryptocurrency market which is highly volatile.

 

What do you feel about the future of Ethereum? Tell us in the comments section below.

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#Ethereum Price Analysis

ETH Price Analysis: Is Ethereum going to fall hard?

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ETH price is trying to recover, however, the resistance around $138 is quite strong and might lead to the price falling downwards.

Technical Indicators:

Support Level: $135

Resistance Levels: $138, $140

 

Key Points:

  • ETH price was able to recover back upwards after testing the $132 support.
  • ETH price even broke through the $134 and $136 resistance levels.
  • However, there is a bearish pattern formed with resistance around $138 on the hourly chart which might lead to a dropdown.

 

ETH Price Analysis:

Summary: ETH price is trying to recover, however, the resistance around $138 is quite strong and might lead to the price falling downwards. The next resistance lies at $140 after which Ethereum price will turn bullish.

Ethereum price crashed after testing the $140 resistance level recently. ETH tested the $132 support level before starting to recover upwards. The upward momentum was able to break the $134 and $136 resistance levels. However, there is a solid resistance formed between $138 and $140 which might push the price back downwards.

Ethereum price is currently trading around $137 and the 100 hourly SMA. There is a bearish pattern formed with resistance around $138 on the hourly chart. If Ethereum is able to break through the $138 resistance level, the next strong resistance lies at $140 after which the overall momentum will turn bullish. The current support lies at $135 after which the price might test $132 support again.

ETHUSD Price Chart

ETH/USD Price Chart

The chart shows that ETH price is trying to recover upwards towards $140 resistance level, however, breaking through this range will be very difficult as a lot of sellers are placed within this range which might lead to the price falling down towards $135 support.

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#Ethereum Price Analysis

ETH Price Analysis: Has Ethereum turned bearish?

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ETH was fell down massively against both bitcoin and USD. Ethereum even broke the $134 support level and moved into a bearish zone.

Technical Indicators:

Support Level: $132

Resistance Level: $140

 

Key Points:

  • ETH price was not able to break through the $140 resistance level and corrected downwards.
  • The downward correction even broke the $134 support level.
  • A bearish pattern line is formed with resistance around $140 on the hourly chart.

 

ETH Price Analysis:

Summary: ETH was fell down massively against both bitcoin and USD. Ethereum even broke the $134 support level and moved into a bearish zone. The price is currently trading below 100 hourly SMA which signals a bearish trend.

Ethereum attempted to break the $140 resistance again however, it failed and crashed downwards sharply. The selling pressure kept increasing and moved the price even below the $136 and the 100 hourly SMA. Also, ETH price broke through the bullish pattern line that was formed yesterday on the hourly chart.

The downward correction was strong enough to break the $134 support. The price tested the $132 support level before starting to correct upwards. The price is trying to move upwards, currently trading around $134. However, there are a lot of sellers placed on the upside between $136 and $140 which might prove bearish for ETH price. There is also a bearish pattern line formed with resistance around $140 on the hourly chart.

ETHUSD Price Chart

ETHUSD Price Chart

The chart shows that ETH price is now in a bearish momentum trading below $136 and 100 hourly SMA. The buyers need to gain strength in order to move the price above the solid resistance formed between $136 and $140 in order to stop further losses. Ethereum is currently supported at $132 level.

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