Ethereum (ETH) Hits Market Capitalization of $304.86 Billion

Ethereum (ETH) traded 3% higher against the U.S. dollar during the one day period ending at 10:00 AM ET on August 24th. Ethereum has a total market capitalization of $304.86 billion and $21.42 billion worth of Ethereum was traded on exchanges in the last day. During the last seven days, Ethereum has traded up 33% against the U.S. dollar. One Ethereum coin can now be purchased for $2,526.17 or 0.03170841 BTC on exchanges.

Here is how other cryptocurrencies have performed during the last day:

• Cardano (ADA) traded down 1.1% against the dollar and now trades at $0.22 or 0.00000282 BTC.
• Cronos (CRO) traded up 5.3% against the dollar and now trades at $0.0619 or 0.00000078 BTC.
• Hedera (HBAR) traded 0.7% higher against the dollar and now trades at $0.0806 or 0.00000101 BTC.
• Avalanche (AVAX) traded 0.1% lower against the dollar and now trades at $7.59 or 0.00009521 BTC.
• Uniswap (UNI) traded 2.8% lower against the dollar and now trades at $4.40 or 0.00005526 BTC.
• NEAR Protocol (NEAR) traded up 1.3% against the dollar and now trades at $2.01 or 0.00002518 BTC.
• Internet Computer (ICP) traded up 0.3% against the dollar and now trades at $2.43 or 0.00003053 BTC.
• Algorand (ALGO) traded down 1.2% against the dollar and now trades at $0.0930 or 0.00000117 BTC.
• Cosmos (ATOM) traded 2.8% lower against the dollar and now trades at $1.56 or 0.00001962 BTC.
• Beldex (BDX) traded 1% higher against the dollar and now trades at $0.0833 or 0.00000105 BTC.

Ethereum Coin Profile

ETH is a proof-of-stake (PoS) coin that uses the Ethash hashing algorithm. Its launch date was July 30th, 2015. Ethereum’s total supply is 120,681,508 coins. Ethereum’s official Twitter account is @ethereum and its Facebook page is accessible here. The Reddit community for Ethereum is https://reddit.com/r/ethereum and the currency’s Github account can be viewed here. The official message board for Ethereum is forum.ethereum.org. The official website for Ethereum is www.ethereum.org.

According to CryptoCompare, “Ethereum is a decentralized platform for building smart contracts and decentralized applications. It has its own cryptocurrency, Ether, and enables users to transact and communicate without the need for a central authority. In contrast to Bitcoin, Ethereum is a general purpose blockchain that can be programmed for a wide range of tasks. It can be used for building apps and organizations, holding assets, and facilitating financial transactions while respecting user privacy and avoiding censorship. ETH, the native cryptocurrency of Ethereum, is used to fuel and secure the network, serve as collateral for the creation of other tokens, and support the Ethereum financial system. It has value as a means of paying transaction fees and as a store of value or tool for decentralized finance. ETH has initially gained recognition through initial coin offerings (ICOs).”

Buying and Selling Ethereum

Investors seeking to trade Ethereum using U.S. dollars directly can do so using Changelly, Gemini or GDAX.

ETH/USD price chart by TradingView