What is Ethereum’s value?
This question can be answered in a number of ways. Ethereum’s value can be viewed as a commodity, just like other assets. It can be bought with Bitcoin, dollars or euros. The price of Ethereum can fluctuate depending on the demand. Because it is still a new technology, Ethereum’s price tends to fluctuate compared to currencies like the US dollar and equities such as Fortune 500 stocks.
Why does the market price it so high is a more complex question. Many investors believe that Ethereum’s value comes down to its flexibility in issuing stablecoins, running DeFi applications and increasing transaction fees.