Ethereum Market Cap Hits $313.91 Billion (ETH)

Ethereum (ETH) traded 1.4% lower against the dollar during the one day period ending at 23:00 PM E.T. on October 22nd. During the last week, Ethereum has traded 0.3% lower against the dollar. One Ethereum coin can now be bought for $2,607.34 or 0.03894010 BTC on cryptocurrency exchanges. Ethereum has a total market capitalization of $313.91 billion and $13.85 billion worth of Ethereum was traded on exchanges in the last day.

Here’s how related cryptocurrencies have performed during the last day:

• Cardano (ADA) traded 0.6% 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 $27.24 or 0.00040684 BTC.
• NEAR Protocol (NEAR) traded down 3.6% against the dollar and now trades at $4.62 or 0.00006893 BTC.
• Uniswap (UNI) traded down 1% against the dollar and now trades at $7.79 or 0.00011632 BTC.
• Internet Computer (ICP) traded down 2.3% against the dollar and now trades at $7.84 or 0.00011713 BTC.
• Cronos (CRO) traded down 1.2% against the dollar and now trades at $0.0768 or 0.00000115 BTC.
• Hedera (HBAR) traded 1.7% lower against the dollar and now trades at $0.0521 or 0.00000078 BTC.
• Cosmos (ATOM) traded down 1.7% against the dollar and now trades at $4.80 or 0.00007162 BTC.
• Fetch.ai (FET) traded down 3.9% against the dollar and now trades at $1.34 or 0.00001995 BTC.
• Algorand (ALGO) traded 3.7% lower against the dollar and now trades at $0.12 or 0.00000183 BTC.

Ethereum Profile

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 120,394,490 coins. Ethereum’s official Twitter account is @ethereum and its Facebook page is accessible here. The official website for Ethereum is www.ethereum.org. 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.

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 Coinbase, GDAX or Gemini.

ETH/USD price chart by TradingView