Ethereum Price Hits $2,411.22 on Top Exchanges (ETH)

Ethereum (ETH) traded 4.7% lower against the US dollar during the 24-hour period ending at 10:00 AM Eastern on August 7th. One Ethereum coin can currently be bought for $2,411.22 or 0.04284775 BTC on major exchanges. Ethereum has a total market cap of $289.97 billion and $22.89 billion worth of Ethereum was traded on exchanges in the last day. During the last seven days, Ethereum has traded down 27.2% against the US dollar.

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

• Cardano (ADA) traded 2% lower against the dollar and now trades at $0.33 or 0.00000583 BTC.
• Avalanche (AVAX) traded down 2.7% against the dollar and now trades at $20.52 or 0.00036457 BTC.
• NEAR Protocol (NEAR) traded down 2.7% against the dollar and now trades at $3.62 or 0.00006436 BTC.
• Uniswap (UNI) traded down 2.6% against the dollar and now trades at $5.71 or 0.00010152 BTC.
• Internet Computer (ICP) traded down 3.3% against the dollar and now trades at $7.29 or 0.00012961 BTC.
• Cronos (CRO) traded down 0.6% against the dollar and now trades at $0.0796 or 0.00000141 BTC.
• Hedera (HBAR) traded 1.9% lower against the dollar and now trades at $0.0548 or 0.00000097 BTC.
• Cosmos (ATOM) traded 1.9% lower against the dollar and now trades at $4.84 or 0.00008593 BTC.
• Algorand (ALGO) traded down 1.5% against the dollar and now trades at $0.11 or 0.00000200 BTC.
• Fetch.ai (FET) traded 2% lower against the dollar and now trades at $0.86 or 0.00001524 BTC.

Ethereum Coin Profile

Ethereum is a proof-of-stake (PoS) coin that uses the Ethash hashing algorithm. Its genesis date was July 30th, 2015. Ethereum’s total supply is 120,259,133 coins. The official message board for Ethereum is forum.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. Ethereum’s official website 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 also gained recognition through initial coin offerings.”

Ethereum Coin Trading

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

ETH/USD price chart by TradingView