Ethereum (ETH) Hits Market Cap of $353.61 Billion

Ethereum (ETH) traded 3.5% lower against the dollar during the one day period ending at 17:00 PM E.T. on May 8th. Over the last seven days, Ethereum has traded up 0.3% against the dollar. Ethereum has a total market cap of $353.61 billion and $11.83 billion worth of Ethereum was traded on exchanges in the last 24 hours. One Ethereum coin can now be purchased for about $2,944.24 or 0.04787706 BTC on exchanges.

Here’s how related cryptocurrencies have performed over the last 24 hours:

• Cardano (ADA) traded up 1.4% against the dollar and now trades at $0.45 or 0.00000739 BTC.
• Avalanche (AVAX) traded down 6.6% against the dollar and now trades at $33.71 or 0.00054817 BTC.
• NEAR Protocol (NEAR) traded 7.5% lower against the dollar and now trades at $6.82 or 0.00011094 BTC.
• Internet Computer (ICP) traded down 5.1% against the dollar and now trades at $12.02 or 0.00019545 BTC.
• Uniswap (UNI) traded 3.5% lower against the dollar and now trades at $7.24 or 0.00011778 BTC.
• Hedera (HBAR) traded 4.3% lower against the dollar and now trades at $0.11 or 0.00000172 BTC.
• Cosmos (ATOM) traded 1.8% lower against the dollar and now trades at $9.07 or 0.00014752 BTC.
• Cronos (CRO) traded down 2.2% against the dollar and now trades at $0.13 or 0.00000204 BTC.
• Fetch.ai (FET) traded down 11.2% against the dollar and now trades at $2.13 or 0.00003460 BTC.
• Algorand (ALGO) traded 4.6% lower against the dollar and now trades at $0.19 or 0.00000303 BTC.

Ethereum Profile

Ethereum (CRYPTO:ETH) is a proof-of-stake (PoS) coin that uses the Ethash hashing algorithm. It launched on July 30th, 2015. Ethereum’s total supply is 120,103,321 coins. The official website for Ethereum is www.ethereum.org. 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. Ethereum’s official Twitter account is @ethereum and its Facebook page is accessible here.

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 also gained recognition through initial coin offerings.”

Buying and Selling Ethereum

Investors seeking to acquire Ethereum using US dollars directly can do so using Changelly, Coinbase or GDAX.

ETH/USD price chart by TradingView