Despite 85% Drop From $1,400 ATH, Ethereum is Up 474x From ICO Price

Ethereum (ETH) has had quite the fall from grace in terms of price.

In 2017, the altcoin was literally all the rage — the cryptocurrency that everyone knew besides Bitcoin was Ethereum. This hype culminated in a massive price run-up that brought ETH from the single and double digits to an all-time high of $1,400 — a rally of literal thousands of percent — with immense buying pressure from a retail audience pushing the cryptocurrency sky-high.

Since the days of the 2017-2018 crypto bubble, however, Ethereum has sunk, nearly all the way from whence it came. As of the time of writing this, ETH is trading for around $150, nearly 90% down from its all-time high against the U.S. dollar, and around 0.022 BTC.

Despite this, the cryptocurrency remains up thousands of percent from the prices it was trading at during its earliest days. Popular CryptoDude recently noted that the cryptocurrency is up 474 times from its ICO price of $0.31 cents apiece, meaning that early investors are still sitting pretty on a copious amount of financial upside.

ethereumworldnews.com

Despite 85% Drop From $1,400 ATH, Ethereum is Up 474x From ICO Price
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