Ethereum on $500 in 2017 / 2020

[casperBGD]

here is an interesting overview by twitter user @sassal0x, published on Nexo dispatch, regarding numbers in Ethereum network in 2017 and 2020, while in both cases ETH price was $500, snapshots are taken on November 29, 2017 and December 16, 2020



one can see from the list that:
- number of active addresses and transactions almost doubled in between
- total number of addresses is 10x up, 24-hour fees changed more than 10x
- development progress soared with over 2000 active developers and over 4 million downloads from Truffle
- DeFi assets changed perspective from millions to billions, stable-coins on ETH changed from non-existence to billions

and ETH2 is introduced with more than 1 billion USD locked-in

after all, price is the same, something is wrong, $500 was too much in 2017, or it is too little in 2020, it is up to anyone to judge for himself, do not take this as financial advice

[zonefloor]

Eth's price is really low compared to the current situation. When we look at the statistics, we see this very well. Eth 2.0 has shown a nice rise with the update, but has now stopped rising once the required amount has been collected. Don't take this as investment advice but I am looking forward to a nice uptrend for eth. However, it would be good for everyone to invest according to their own budget and risk analysis.

[MoreStamps.Global]

From looking at this data, we have witnessed a really a great progress in Ethereum blockchain. However, I do think that $500 is to little in current scenario.

[zasad@]

Ethereum is heavily undervalued. It is possible that investors buy bitcoin only because its supply is limited to 21 million coins.
Ethereum has an unlimited number of coins and about 5 million coins are minted every year.
Perhaps when inflation on Ethereum decreases, investors will start buying more of this coin.

[casperBGD]

Ethereum is heavily undervalued. It is possible that investors buy bitcoin only because its supply is limited to 21 million coins.
Ethereum has an unlimited number of coins and about 5 million coins are minted every year.
Perhaps when inflation on Ethereum decreases, investors will start buying more of this coin.

agree on this, there is no 5 millions each year, but close to that (counted from last December 20, it is about 4,3 million), but each value has to sides, supply, which is unlimited, and demand, that is surging as well
BTC has momentum right now, and that has reasons in institutional investors going in, but ETH still has better YTD growth, so one has to get that ETH is doing well

nevertheless, I would like to point out that I do not think that inflation only matters, demand is important as well, and ETH2.0 and stacking should bring this to the table

[shinratensei_]

that means ethereum is always growing, if we put aside the price, we will see that ethereum today is getting stronger than 3 years ago. It's just a matter of time for ethereum to fully switch to 2.0 and we'll see a big spike in ethereum.

That will be a very long time to go. We know that from the chart of the adoption is growing so much. Ethereum 2.0 already expected to decrease the total supply of etherem and there's also a statement from the team if it will be also burning some ethereum from the total supply. Ethereum needs to determine how much total supply to attract the institutional investors to consider ethereum as a part of their portfolios too.
This could make ethereum to be pumped like bitcoin.

[terrific]

I'm not good with this comparison. But if the price during 2017 was low, it's across over several projects and not all money is staying in Ethereum.
But didn't it reached $1400?
In 2020, it still trying to break $700 and it's hard to see it break. But this time, there's now a fixed supply for Ethereum which will make it break the past all time high.

[poodle63]

This means the price it has today is really deserved price. So many transcations that even makes Ethereum network itself kinda "slower" and expensive but that means ETH is really practical to the point where so many projects out there using it and not to mention the people who uses it for buying something online.You see within ~yeasrs the amount of transaction a day already doubled that's actually insane.

[casperBGD]

This means the price it has today is really deserved price.
~snip

yeah, this is at least a deserved price, that should grow in the future, from my point of view
it is good to see that Ethereum is growing in number of users and developers, which will bring value eventually

I'm not good with this comparison. But if the price during 2017 was low, it's across over several projects and not all money is staying in Ethereum.
But didn't it reached $1400?
In 2020, it still trying to break $700 and it's hard to see it break. But this time, there's now a fixed supply for Ethereum which will make it break the past all time high.

yeah, it reached $1400 in January 2018, but this is comparison with moment when the price was $500, as in December 2020

[marlo1001]

Thats how active network looks like. One several alts could show statistic like this

[zaim7413]

Thats how active network looks like. One several alts could show statistic like this

Why are you so lazy in writing and giving many explanations for other people? okay, in this case I want to ask you a little question, what is meant by the active network and statistics on Altcoins?

[cassavachips]

With much accomplishment in everything and better than 2017, the price for this year is too low for Ethereum. This should be even higher. But indeed, the market conditions this year are much different and I think Ethereum can still go high when the altcoin season arrives.

[jacafbiz]

Ethereum has come a long way in this space and this is good for the community, the issue with Ethereum now is that all these Dapps on it are taking away the value that is supposed to accrue away from it. I have a feeling that people are now projecting that some fo these Dapps would outperform ethereum

[ScamViruS]

I think $500 was too much in 2017 but ethereuem price even surge above $500 in 2017 and this was caused by the 2017 bulrun in the entire crypto market there was a boom.

At first no one thought eth $500 will go in 2017. I also sold some of my hold eth at $300 in 2017. I was lucky not to sell all my eth at that time which later gave me a good profit in the bull market. Because eth didn't just cross $500, it did cross $1000. The bull market of 2017 was one boom, which was unimaginable to crypto traders.

[casperBGD]

Ethereum has come a long way in this space and this is good for the community, the issue with Ethereum now is that all these Dapps on it are taking away the value that is supposed to accrue away from it. I have a feeling that people are now projecting that some fo these Dapps would outperform ethereum

would not agree with you, actually Dapps on Ethereum are increasing the network value, since with Dapps users are coming as well, and more developers and whole thing is going spirally up, which could not be said for some competitors networks where almost 70-80% of tokens are staked, and presumably because you do not have anything smarter to do with those tokens, then to stake it for 7-10% annually, it is similar to savings, and does not support development

on the other hand, ETH coins are put into development, under 1% is not staked in ETH2.0, and if some 70% would be staked (which is kind-a-impossible for functional network), value would surge for sure, but that would be artificial

[Kopetunto]

the increase in performance on the Ethereum network is really very high,
when compared to 2017 it is currently much better, it's just that the community and users regret expensive gas fees,
when compared to 2017, indeed $ 500 in 2020 is still very cheap for the price of Ethereum.

[maxreish]

Ethereum is doing good before eth 2.0 launched that is why I expected more huge  and great progress after that. 2017 eth performance that break $500 during november. Many investoes look back how this surge to $500 and repeat itself at this year 2020 with so many great happenings and progress like defi projects.

Iits actually booming and once again eth proves how it can be potentially deserve to be chosen as one of those  high valued with crypto use coins in the market.

[paglarhat]

I have some ETH in my wallet.
I held,
Since I am a cryptocurrency lover, it is my job to hold cryptocurrency.
I am currently in double profit.
I want to know from the seniors what I should do now.
I will not hold for a few more days or sell.

[Miaallen]

The last point you made is one of the features that makes blockchain network a unique one. No one can boast of knowing or deciding what the price would be at any certain time no matter the extent of their influences.
I believe what results in price not performing better than we saw in 2017 is the emergence of Tron blockchain network which many projects now adopt in place of Ethereum (ERC-20) network. This can be as a result of high gas fee which has now become the order of the day on the ethereum network.

[Brindez_kromo]

This a interesting comparison,,but for 4 years?i was not surprised at all,,The even of users will continue to grow as bitcoin is accepted as the official virtual currency.I see in the future that companies and investors will use bitcoin and will continue to increase the value of price