Ethereum (ETH) Reaches Market Cap of $318.18 Billion

Ethereum (ETH) traded down 3.4% against the dollar during the 24-hour period ending at 23:00 PM Eastern on October 21st. Over the last seven days, Ethereum has traded 0.9% higher against the dollar. Ethereum has a total market capitalization of $318.18 billion and approximately $17.24 billion worth of Ethereum was traded on exchanges in the last day. One Ethereum coin can now be purchased for approximately $2,642.87 or 0.03921534 BTC on exchanges.

Here’s how similar cryptocurrencies have performed over the last day:

• Cardano (ADA) traded 0.4% lower against the dollar and now trades at $0.36 or 0.00000540 BTC.
• Avalanche (AVAX) traded down 2.6% against the dollar and now trades at $27.94 or 0.00041462 BTC.
• NEAR Protocol (NEAR) traded down 3.3% against the dollar and now trades at $4.78 or 0.00007100 BTC.
• Uniswap (UNI) traded 2.1% higher against the dollar and now trades at $7.85 or 0.00011650 BTC.
• Internet Computer (ICP) traded 3.3% lower against the dollar and now trades at $8.02 or 0.00011902 BTC.
• Cronos (CRO) traded 1.7% lower against the dollar and now trades at $0.0778 or 0.00000115 BTC.
• Hedera (HBAR) traded down 4% against the dollar and now trades at $0.0531 or 0.00000079 BTC.
• Cosmos (ATOM) traded 2.9% higher against the dollar and now trades at $4.88 or 0.00007238 BTC.
• Fetch.ai (FET) traded down 3.9% against the dollar and now trades at $1.39 or 0.00002061 BTC.
• Algorand (ALGO) traded 1.8% lower against the dollar and now trades at $0.13 or 0.00000188 BTC.

Ethereum Coin Profile

Ethereum (ETH) 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 120,392,960 coins. Ethereum’s official message board is forum.ethereum.org. Ethereum’s official Twitter account is @ethereum and its Facebook page is accessible here. 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.

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 trade Ethereum using U.S. dollars directly can do so using Coinbase, Changelly or Gemini.

ETH/USD price chart by TradingView