Ethereum (ETH) Achieves Market Cap of $297.99 Billion

Ethereum (ETH) traded down 1.3% against the US dollar during the 1 day period ending at 14:00 PM E.T. on October 26th. During the last week, Ethereum has traded down 6.3% against the US dollar. One Ethereum coin can now be purchased for about $2,475.00 or 0.03692404 BTC on popular exchanges. Ethereum has a total market capitalization of $297.99 billion and $19.86 billion worth of Ethereum was traded on exchanges in the last day.

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

• Cardano (ADA) traded down 3.1% against the dollar and now trades at $0.33 or 0.00000493 BTC.
• Avalanche (AVAX) traded 2.9% lower against the dollar and now trades at $25.25 or 0.00037664 BTC.
• NEAR Protocol (NEAR) traded 6% lower against the dollar and now trades at $4.22 or 0.00006289 BTC.
• Uniswap (UNI) traded 7.5% lower against the dollar and now trades at $7.42 or 0.00011063 BTC.
• Internet Computer (ICP) traded down 6.8% against the dollar and now trades at $7.64 or 0.00011396 BTC.
• Cronos (CRO) traded down 1.4% against the dollar and now trades at $0.0728 or 0.00000109 BTC.
• Hedera (HBAR) traded down 4% against the dollar and now trades at $0.0477 or 0.00000071 BTC.
• Cosmos (ATOM) traded down 8.3% against the dollar and now trades at $4.32 or 0.00006449 BTC.
• Fetch.ai (FET) traded down 3.6% against the dollar and now trades at $1.22 or 0.00001826 BTC.
• Algorand (ALGO) traded down 5.3% against the dollar and now trades at $0.11 or 0.00000169 BTC.

Ethereum Profile

Ethereum 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 120,399,251 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. Ethereum’s official Twitter account is @ethereum and its Facebook page is accessible here. The official message board for Ethereum is forum.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 also gained recognition through initial coin offerings.”

Ethereum Coin Trading

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

ETH/USD price chart by TradingView