Ethereum (ETH) Tops 1-Day Trading Volume of $8.26 Billion

Ethereum (ETH) traded 0.7% higher against the dollar during the 1 day period ending at 9:00 AM Eastern on October 20th. One Ethereum coin can now be bought for about $2,654.64 or 0.03879384 BTC on exchanges. Ethereum has a market capitalization of $319.59 billion and $8.26 billion worth of Ethereum was traded on exchanges in the last day. During the last week, Ethereum has traded up 7.7% against the dollar.

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

• Cardano (ADA) traded 1.4% higher against the dollar and now trades at $0.36 or 0.00000519 BTC.
• Avalanche (AVAX) traded 0.7% higher against the dollar and now trades at $28.07 or 0.00041013 BTC.
• NEAR Protocol (NEAR) traded 0.7% higher against the dollar and now trades at $4.84 or 0.00007073 BTC.
• Uniswap (UNI) traded 1.7% higher against the dollar and now trades at $7.55 or 0.00011029 BTC.
• Internet Computer (ICP) traded up 3.2% against the dollar and now trades at $8.23 or 0.00012028 BTC.
• Cronos (CRO) traded 0% lower against the dollar and now trades at $0.0785 or 0.00000115 BTC.
• Hedera (HBAR) traded up 1.3% against the dollar and now trades at $0.0535 or 0.00000078 BTC.
• Cosmos (ATOM) traded 4.1% higher against the dollar and now trades at $4.57 or 0.00006674 BTC.
• Fetch.ai (FET) traded 1.1% higher against the dollar and now trades at $1.41 or 0.00002064 BTC.
• Algorand (ALGO) traded up 3.2% against the dollar and now trades at $0.13 or 0.00000187 BTC.

Ethereum Profile

Ethereum (ETH) is a proof-of-stake (PoS) coin that uses the Ethash hashing algorithm. Its launch date was July 30th, 2015. Ethereum’s total supply is 120,389,492 coins. Ethereum’s official Twitter account is @ethereum and its Facebook page is accessible here. 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. The official website for Ethereum 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.”

Buying and Selling Ethereum

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

ETH/USD price chart by TradingView