The article discusses the significance of the ETH/BTC price ratio of 0.03 in the history of Ethereum. It highlights how Ethereum struggled to surpass this ratio in its early years, but eventually succeeded with the introduction of ERC-20 tokens and initial coin offerings (ICOs). The article also mentions the controversy surrounding ICOs and the SEC's stance on their legality. It goes on to discuss the subsequent rise and fall of ICOs and the impact on the ETH/BTC ratio. The author mentions a social audio event in 2021 where the ratio briefly reached 0.03 again, leading to discussions about the future of Ethereum. The article concludes by noting that ETH is currently trading near 0.03 per BTC and speculates that more drama may unfold as traders continue to battle at this price level.
Content Editor ( protos.com )
- 2025-01-30
Ethereum still struggling to break 0.03 per bitcoin level
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