11 years since the launch of the ETH genesis block

[rdluffy]

Today, July 30th, marks 11 years since the launch of the ETH genesis block 

I discovered ETH before Bitcoin, and I only ended up on this forum because of ETH and mining
Good times mining with GPUs, back when ETH was still worth less than 100 dollars, hehehe

I got into it in 2017, when ETH was two years old and worthing less than 100 USD 

I found a nice image with the prices of ETH on every anniversary


Source

[Abiky]

Today, July 30th, marks 11 years since the launch of the ETH genesis block 

I discovered ETH before Bitcoin, and I only ended up on this forum because of ETH and mining
Good times mining with GPUs, back when ETH was still worth less than 100 dollars, hehehe

I got into it in 2017, when ETH was two years old and worthing less than 100 USD 

I found a nice image with the prices of ETH on every anniversary

It's been a long ride. Unfortunately, ETH isn't as good as it was in the early days. It has shifted its focus from quality into quantity. Now it leans more into centralization than anything else. Other altcoins are even worse. Price-wise, ETH hasn't been doing well either. It's been struggling to reach a new ATH and maintain high prices for a prolonged period of time.

Of course, Ethereum is one of the oldest blockchain networks in existence. But it's undervalued, considering that it's the pioneer of smart contracts. Unless altcoin season makes a comeback, don't expect ETH to go anywhere soon.

[Botnake]

I was already here when ETH was still around $10, but sadly I didn’t hold it. I ended up gambling most of it instead.

Still, I can’t say I got nothing from that time. I made some money from ETH tokens and a few shitcoins even gave me a small fortune for a while.

The problem is, a big part of those coins later became worthless. 

Seeing this picture brings back some regret. Not because I never had the chance, but because I had it and didn’t realize I should hold longer.

[hugeblack]

It would be best to add a link to the Ethereum advertisement ----> [ANN] Ethereum: Welcome to the Beginning
It took more than a year before we saw the network working without problems on July 30, 2015.
In terms of price, it is good compared to these tokens, but it is not the best compared to Bitcoin.

[Taskford]

Today, July 30th, marks 11 years since the launch of the ETH genesis block 

I discovered ETH before Bitcoin, and I only ended up on this forum because of ETH and mining
Good times mining with GPUs, back when ETH was still worth less than 100 dollars, hehehe

I got into it in 2017, when ETH was two years old and worthing less than 100 USD 

I found a nice image with the prices of ETH on every anniversary

It's been a long ride. Unfortunately, ETH isn't as good as it was in the early days. It has shifted its focus from quality into quantity. Now it leans more into centralization than anything else. Other altcoins are even worse. Price-wise, ETH hasn't been doing well either. It's been struggling to reach a new ATH and maintain high prices for a prolonged period of time.

Of course, Ethereum is one of the oldest blockchain networks in existence. But it's undervalued, considering that it's the pioneer of smart contracts. Unless altcoin season makes a comeback, don't expect ETH to go anywhere soon.

We may see Ethereum experiencing not moving good recently, but dropping those doubts actually missed a big picture about it.

Because so far ETH remain as the backbone of those stablecoin transfer, Defi's and we can also add up the NFT's.

Also despite of current struggles, especially for seeing it not reaching those new high. ETH somehow remains relevant because this coin still well used and consistent to host those big on chain activities.  Many people argue, especially the supporter and think ETH is undervalued knowing its utility and other potentials.

[JeromeTash]

I got to know about it in 2016 when it was somewhere at $10, I believe. Seeing how Bitcoin was performing at the time, I never thought I would even grow into a big network. The ICO boom in 2017-2018 gave it a huge push, and that is when most of the people started to realise how Ethereum was one for the future

Lately I think its growth has stagnated thanks to so many other alternative competitive networks like BNB, Solana, Base, etc.

[Josefjix]

I was just looking at the 4 year periodic cycle in the image you posted, and I could figure out that this cycle I actually true. From the beginning of creation, the 4th year gives birth new ATH till 2025, now 2026 is the starting of another 4th year again, so meaning new ATH will occur in the year 2029. Just my observation.

[Abiky]

I got to know about it in 2016 when it was somewhere at $10, I believe. Seeing how Bitcoin was performing at the time, I never thought I would even grow into a big network. The ICO boom in 2017-2018 gave it a huge push, and that is when most of the people started to realise how Ethereum was one for the future

Lately I think its growth has stagnated thanks to so many other alternative competitive networks like BNB, Solana, Base, etc.

I'd consider the "ICO boom", the "Golden Era" of Ethereum. Many projects came up with innovative solutions at the time. It's all ruined now, thanks to the regulators. Even on-chain mixers have lost their luster. After Tornado Cash got sanctioned by the US, things were never the same.

Now the competition has "eaten" ETH's cake, as they prove to be faster and cheaper to use. Solana and BNB have been one step of ahead of the game, while Ethereum struggles to maintain low gas fees and fast confirmation times. While on-chain gas fees have lowered recently, it's only a result of reduced network activity. ETH devs focused too much on L2 networks, driving people away from the main chain. It's hard to bring back investors into the main Blockchain network again. If Vitalik and team don't come up with something that would blow ETH's rivals "out of the water", the project would be nothing but doomed. Only time will tell.

[TastyChillySauce00]

It's been a long ride. Unfortunately, ETH isn't as good as it was in the early days. It has shifted its focus from quality into quantity. Now it leans more into centralization than anything else. Other altcoins are even worse. Price-wise, ETH hasn't been doing well either. It's been struggling to reach a new ATH and maintain high prices for a prolonged period of time.

At least there is effort for improvement right now with the restructuring of Ethereum Foundation and the Lean Ethereum Roadmap with native privacy improvements and higher scalability.

With transactions coming back to L1 because the gas has become cheaper and closing down of many L2s, there will be no more liquidity fragmentation problem and the revenue will come back to L1 which will increase ETH burn.

Even though ETH seemingly lagged behind in price, it's still one of very few blockchain that genuinely able to handle institutional settlement and billions TVL easily with consistent chain REV.

[MAAManda]

Already saw a similar topic on Altcoinstalks, LOL.

In the early days of its launch, Ethereum (ETH) became the goddess of the crypto industry, alongside Bitcoin (BTC), which stood as its god. Everything was going perfectly for Ethereum (ETH) until the emergence of several altcoins that challenged its position. Their position was further exacerbated by network congestion, which drove transfer costs to extremely high levels, leading to the emergence of numerous L-2 solutions.

Well, happy 11th birthday to Ethereum (ETH), hopefully its holders are still holding on to this stablecoin.

[Ahli38]

ETH’s performance has indeed been excellent when viewed from its initial price around 2015. And Ethereum’s price has increased by about 6,000 times compared to its current price. But I personally believe that Ethereum’s price performance isn’t as strong as Bitcoin’s. We can see that Bitcoin’s performance has been very consistent in setting new all-time highs during each halving cycle. And Bitcoin’s price is still quite far from its all-time high in 2017 when compared to Ethereum. On the other hand the Ethereum Foundation has recently appeared to be experiencing internal conflicts, where several members resigning from the organization. On the other hand many Ethereum Foundation employees have reportedly been laid off as part of a restructuring plan. So I personally think that Ethereum’s future doesn’t look very promising given the potential internal issues they’re facing. We can’t be sure whether Ethereum will be able to bounce back and improve its performance after this turmoil. But I feel that Ethereum’s journey won’t be smooth sailing. And perhaps this will have a significant impact on Ethereum’s price performance.

[Localhostspeed]

In the early days of its launch, Ethereum (ETH) became the goddess of the crypto industry, alongside Bitcoin (BTC), which stood as its god. Everything was going perfectly for Ethereum (ETH) until the emergence of several altcoins that challenged its position. Their position was further exacerbated by network congestion, which drove transfer costs to extremely high levels, leading to the emergence of numerous L-2 solutions.

Well, happy 11th birthday to Ethereum (ETH), hopefully its holders are still holding on to this stablecoin.

I think Ico was one of the main catalyst of Ethereum, who wouldn't buy Ethereum if you can buy $10 coin on Ico and get $100 immediately after listing and to say there was Soft cap and hard cap then, people make the cap reach on time because everyone was looking for a way they can make money, until there was nothing left to make anymore, scam killed it and till now, we are facing the same problem with meme coins, people be taking advantage of others.

What I don't understand about Ethereum is how the confidence went low. Bitcoin reach a new all time high, even if things are that bad for Ethereum, it is supposed to reach a new all time high but it retrace the previous all time high and dump again and have struggling since then, Bitcoin is still trading better than Ethereum despite the rally it did, the coin need to do something.