It’s easy to forget just how young the Ethereum project is. Proposed in late 2013 by cryptocurrency researcher and programmer Vitalik Buterin, Ethereum was developed in less than two years, officially launching on July 30, 2015. In those early days, as ETH’s price bounced around wildly, the eventual value of the new cryptocurrency was still very much debatable. Would it be the heir apparent to bitcoin, or would its 72 million premined coins ultimately limit its appeal? And, more importantly, what could you actually buy with the tokens?
As the Ethereum network became an increasingly essential part of the crypto world thanks to smart contract tools and the utility of ERC-20 tokens for creating initial coin offerings (ICOs), ETH’s value has grown significantly. In this post, we’re taking a year-by-year view of Ethereum’s value by showing what you could purchase with one ETH.
1. July 30, 2015: 1 ETH = Kids’ novelty toothbrush (3 pack) – There was plenty of excitement for ETH prior to launch, giving the new token a respectable trading value of $1.37 from the very first day. Even in today’s economy, you can have your choice of items from stores like the Dollar Tree. If you’re looking for a real deal, however, it’s hard to beat a 3-pack of licensed character toothbrushes featuring the likes of Hello Kitty, Superman, and many more.
2. 2016: 1 ETH = Crank Chop – Less than a year after Ethereum’s launch, the project got a major boost when Coinbase announced it would officially support the new cryptocurrency. The news was at least partially responsible for ETH’s steady upwards price growth that summer, reaching $12.64 on its one-year anniversary on July 30th. There are worse ways to celebrate ETH’s success than by cashing out a token to buy an As Seen On TV-favorite for people who hate cutting their own zucchini, the Crank Chop (MSRP $29.99, but available through this special offer for just $11.95! Call now!).
2b. 1 ETC = Small Carl’s Jr. Fries – Due to the fallout of the DAO hack earlier in 2016, a faction within the Ethereum community forked the Ethereum blockchain to create Ethereum Classic (ETC). It was a decidedly less popular token from the start, selling for just $1.78 on July 30th.
3. 2017: 1 ETH = Samsung Galaxy 9.7″ Tablet – Having largely recovered from the DAO and Ethereum Classic fiascos of the previous year, ETH’s value was extremely volatile while still clearly on the rise. Having nearly reached $400 in June, by late July the price had stabilized to $199. That was just enough to afford a Samsung Galaxy tablet during WalMart’s 2017 Back to School rollback sale.
3b. 1 ETC = Men’s Boxer Briefs (8 pack) – At that same Back to School sale, an ETC holder could cash out one token for around $14, just enough to pick up a great deal on underwear.
4. 2018: 1 ETH = Xbox One X 1TB – Few years have been as dramatic for the cryptocurrency community as 2018. ETH’s value reached nearly $1,500 at the start of the year, crashing back down to $451 by the end of July. That was just enough to pick up the 1TB version of the confusingly named Xbox One X during Microsoft’s 2018 E3 sale.
4b. 1 ETC = Taco Bell Crunchy Taco 12 Pc. Box & 2 Drinks – Ethereum Classic didn’t quite see the same kind of dramatic price action as ETH during 2018. By late July, ETC was trading for around $16, which is plenty for a belly-filling trip for two to Taco Bell.
5. 2019: 1 ETH = Razor E200 Electric Scooter – In late July 0f 2019, ETH was trading around $213. That’s almost an even swap for this highly reviewed electric scooter, which claims to provide up to 40 minutes of continuous ride time for an average-sized adult.
5b. 1 ETC = Huckberry Switch Spork Utensil Set – While there is no shortage of items one can buy with the $6.20 one would get for selling an ETC token, this washable, “shape-shifting” plastic utensil set seems like a worthy option.