Posts

Showing posts with the label eth btc

Ethereum still struggling to break 0.03 per bitcoin level

Image
Whenever the price of Ethereum approaches 0.03 per bitcoin (BTC), it usually means that something entertaining is happening or about to happen in crypto. The price level is notable for many reasons and somewhat storied in crypto history. From its debut in 2015 through the spring of 2016 — long before crypto was mainstream — Ethereum tried to gain listings on exchanges catering almost exclusively to BTC purists who scoffed at the fledgling project. Struggling to even attain a single-digit dollar price , ether (ETH) tried to breach the 0.03 per BTC ceiling on two, failed occasions in March and May. Efforts to ascend languished for another year. Then finally, in the spring of 2017, Ethereum’s lead founder Vitalik Buterin convinced enough investors to take an interest in the project above 0.03 per BTC. His catalyst? Ethereum’s ERC-20 standard and its associated initial coin offerings (ICOs). ETH tried to breach the 0.03 per BTC ceiling on two, failed occasio...