Ethereum Market Cap Hits $274.63 Billion (ETH)

Ethereum (ETH) traded 0.6% higher against the US dollar during the 1-day period ending at 17:00 PM E.T. on September 8th. One Ethereum coin can currently be purchased for approximately $2,282.44 or 0.04192121 BTC on major cryptocurrency exchanges. Ethereum has a total market cap of $274.63 billion and approximately $9.56 billion worth of Ethereum was traded on exchanges in the last 24 hours. In the last week, Ethereum has traded down 7.9% against the US dollar.

Here is how other cryptocurrencies have performed in the last 24 hours:

• Cardano (ADA) traded 3.9% higher against the dollar and now trades at $0.34 or 0.00000620 BTC.
• Avalanche (AVAX) traded 6.8% higher against the dollar and now trades at $23.18 or 0.00042570 BTC.
• NEAR Protocol (NEAR) traded up 1.8% against the dollar and now trades at $3.73 or 0.00006854 BTC.
• Uniswap (UNI) traded down 1.5% against the dollar and now trades at $6.32 or 0.00011611 BTC.
• Internet Computer (ICP) traded 5% higher against the dollar and now trades at $7.37 or 0.00013532 BTC.
• Cronos (CRO) traded up 2.8% against the dollar and now trades at $0.0781 or 0.00000143 BTC.
• Hedera (HBAR) traded 2.1% higher against the dollar and now trades at $0.0493 or 0.00000090 BTC.
• Cosmos (ATOM) traded 2.6% higher against the dollar and now trades at $3.77 or 0.00006916 BTC.
• Fetch.ai (FET) traded 2.3% higher against the dollar and now trades at $1.09 or 0.00001995 BTC.
• Algorand (ALGO) traded 4% higher against the dollar and now trades at $0.13 or 0.00000231 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 120,321,429 coins. The official message board for Ethereum is forum.ethereum.org. Ethereum’s official website 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.

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

ETH/USD price chart by TradingView