Ethereum (ETH) Achieves Market Cap of $293.87 Billion

Ethereum (ETH) traded 1.2% lower against the US dollar during the 1-day period ending at 7:00 AM E.T. on November 5th. Ethereum has a total market cap of $293.87 billion and approximately $17.93 billion worth of Ethereum was traded on exchanges in the last 24 hours. One Ethereum coin can now be purchased for about $2,440.46 or 0.03542537 BTC on cryptocurrency exchanges. During the last seven days, Ethereum has traded down 7.1% against the US dollar.

Here’s how related cryptocurrencies have performed during the last 24 hours:

• Cardano (ADA) traded down 0.5% against the dollar and now trades at $0.33 or 0.00000480 BTC.
• Avalanche (AVAX) traded down 1.4% against the dollar and now trades at $23.27 or 0.00033783 BTC.
• NEAR Protocol (NEAR) traded 1.3% higher against the dollar and now trades at $3.72 or 0.00005398 BTC.
• Uniswap (UNI) traded up 0.3% against the dollar and now trades at $6.96 or 0.00010098 BTC.
• Internet Computer (ICP) traded down 1.3% against the dollar and now trades at $7.14 or 0.00010363 BTC.
• Fetch.ai (FET) traded up 2.1% against the dollar and now trades at $1.17 or 0.00001699 BTC.
• Cronos (CRO) traded up 0.2% against the dollar and now trades at $0.0721 or 0.00000105 BTC.
• Hedera (HBAR) traded 3.4% higher against the dollar and now trades at $0.0445 or 0.00000065 BTC.
• Cosmos (ATOM) traded 1.4% higher against the dollar and now trades at $4.03 or 0.00005848 BTC.
• Algorand (ALGO) traded 2.3% higher against the dollar and now trades at $0.11 or 0.00000164 BTC.

About Ethereum

ETH is a proof-of-stake (PoS) coin that uses the Ethash hashing algorithm. It was first traded on July 30th, 2015. Ethereum’s total supply is 120,416,991 coins. 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. Ethereum’s official message board 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.”

Buying and Selling Ethereum

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

ETH/USD price chart by TradingView