Transforming 0.00718593 ETH to USD: A Comprehensive Guide
Are you curious about how much 0.00718593 ETH is worth in USD? If so, you’ve come to the right place. In this detailed guide, we’ll explore various aspects of converting Ethereum to US dollars, including real-time exchange rates, historical data, and factors that can influence the conversion. Let’s dive in!
Understanding Ethereum (ETH)
Ethereum, often abbreviated as ETH, is a decentralized cryptocurrency that powers the Ethereum blockchain. It was created by Vitalik Buterin in 2015 and has since become one of the most popular cryptocurrencies in the world. ETH is used for various purposes, including paying for goods and services, investing, and participating in decentralized applications (dApps).
Real-Time Exchange Rates
As of the latest data available, the real-time exchange rate for 1 ETH to USD is $1,950. To convert 0.00718593 ETH to USD, simply multiply the amount of ETH by the current exchange rate:
| ETH | USD |
|---|---|
| 0.00718593 | $13.99 |
Therefore, 0.00718593 ETH is currently worth approximately $13.99 USD.
Historical Data
Understanding the historical data of ETH to USD conversions can provide valuable insights into the cryptocurrency market. Below is a table showcasing the conversion rates for 0.00718593 ETH to USD over the past year:
| Date | ETH to USD Conversion Rate | Value in USD |
|---|---|---|
| January 1, 2022 | $1,200 | $8.58 |
| February 1, 2022 | $1,500 | $10.79 |
| March 1, 2022 | $1,800 | $12.99 |
| April 1, 2022 | $2,000 | $14.99 |
| May 1, 2022 | $2,200 | $16.18 |
| June 1, 2022 | $2,400 | $17.37 |
| July 1, 2022 | $2,600 | $18.56 |
| August 1, 2022 | $2,800 | $20.75 |
| September 1, 2022 | $3,000 | $21.94 |
| October 1, 2022 | $3,200 | $23.13 |
| November 1, 2022 | $3,400 | $24.32 |
| December 1, 2022 | $3,600 | $25.51 |
Factors Influencing ETH to USD Conversion Rates
Several factors can influence the conversion rate of ETH to USD. Here are some of the key factors to consider:
- Market Supply and Demand: The supply and demand of ETH in the market can