Example of a trading transaction with Ethereum
Like in other cryptocurrencies, the key determinant of the cost of ETH is the supply-demand ratio in the market. In addition, Ethereum quotations are influenced by various fundamental factors of a political or economic nature, which reduce the credibility of traditional (fiducial) money, for example, devaluation processes. But most of all the ETH course is influenced by news about important technical updates in the blockchain technology, causing increased interest on the part of investors whose investments in this asset lead to an increase in the market demand for a digital coin. These factors affecting the pricing of Ethereum led to the growth of quotations of the second largest cryptocoin in the world in the first half of 2017 by more than 4700% - from ≈ from $ 8 at the beginning of the year, to ≈ $ 377 at its peak on June 18, 2017. Having bought one coin Ethereum in the form of a CFD contract at $ 10 rate in January 2017 and having sold it in June 2017 at a price of $ 370, you could earn over 3600000 points in six months what equals to $ 36000 of profit.